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A judge has ordered Honda to pay $13.6 million in damages to dealer Brighton Automotive in a suit over the car maker's move away from a dealership model.
Hoping for a discounted penalty, fintech iSignthis has won its bid to adduce evidence of without prejudice offers it made to reach a resolution with ASIC before the regulator took it to court.
Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million.
The former CEO of fintech iSignthis would need a loan to pay a $1.5 million penalty sought by the corporate regulator for breaches of directors duties, a court has heard.
A Sleeping Duck shareholder has been ordered to pay the company's costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck's buy-out offers of roughly $4 million were unreasonable.
BlueScope Steel is seeking to overturn a record $57.5 million penalty for engaging in attempted price-fixing with flat steel distributors, telling an appeals court that it was simply trying to make its competitors understand “it was in their interests to price differently”.
Legal action by a Melbourne Football Club member challenging the AFL club's board election rules has been dismissed, with a judge finding the rule banning campaigning by candidates is not oppressive as alleged.
Two judges have declined to award carriage of a class action against International Capital Markets over risky derivative products to a firm accused of plagiarising its rivals' pleading.
ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022.
In a contest to run a class action against International Capital Markets over risky derivative products, a proposed consolidated proceeding has taken aim at third-to-file Banton Group for allegedly copying its case.