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Dr LeWinn’s maker McPherson’s launches appeal in ASIC action
Beauty brand McPherson's and its former boss are challenging the regulator's win in a case over disclosures related to sales forecasts for the company's Dr LeWinn's skincare range.
Construction PRO
Jindal Steel prevails in UIL’s $350M case over coal sale agreements
A judge has tossed a case by Singaporean commodities trader UIL, finding it did not have binding agreements to buy 500,000 metric tonnes of coal annually from two NSW coal miners controlled by Jindal Steel.
ASIC wins continuous disclosure case against McPherson’s
ASIC has won its case alleging health and beauty giant McPherson’s breached its continuous disclosure obligations and engaged in misleading or deceptive conduct by failing to update the market sooner about declining sales forecasts for its Dr LeWinn's skincare line.
Nuix loses appeal against insurers over $20M in legal bills
Nuix has lost its appeal of a ruling that found it must pay $20 million in legal costs before its insurers must cover its bills for defending multiple class actions and an ASIC case over its $1.8 billion float.
Allianz loses bid to limit Uniting Church’s coverage to $15M
Insurer Allianz Australia has been unsuccessful in an application to limit Uniting Church's coverage for historical sexual misconduct claims to $15 million under a professional indemnity policy.
Mrs Mac’s CFO silent on financial woes, court finds in partial win for Octet
Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.
Construction PRO
iProsperity exec owes $5.3M for misleading ZACD on funds for $300M hotel deal
An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.
Nuix appeals ruling putting it on the hook for $20M in legal bills
Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.
Construction PRO
Judge won’t transfer dispute over ‘defective’ mining equipment
A judge has rejected a “finely balanced” application to transfer a court fight between Waratah Engineering and Wollongong Resources over mining equipment contracts to New South Wales.
Nuix must foot $20M in legal bills given ‘notorious’ costs of securities class actions: judge
Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.