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An appeals court has found US drug maker Cosette could not rely on sales performance figures to justify its termination of a $672 million merger agreement with Mayne Pharma Group.
Insurer Holland has been hit with a $2 million penalty over claim delays which ASIC argued warranted a $30 million penalty, the first civil penalty against an insurer for breaching its duty of good faith.
Construction PRO
China's state-run CITIC has lost an appeal bid to the High Court in its long-running battle with Clive Palmer over the $12 billion Sino Iron project in Western Australia.
Credit ratings agency Fitch has lost its bid for financial information about three Lloyd’s insurance syndicates which are providing after-the-event coverage in a class action over synthetic collateralised debt obligations.
Construction PRO
A judge has agreed to recuse himself from hearing a contempt case against a director of property developer Villawood after finding last year he gave false instructions to a Mills Oakley lawyer to mislead the court.
The High Court has declined to hear social media app Giggle for Girls' appeal seeking to reverse a finding that it committed direct discrimination on the basis of gender identity by excluding a transgender woman from its platform.
The High Court has found that Orica shotfirers working at black coal mines are entitled to portable long service leave, overturning a Full Federal Court ruling that found they were not eligible under the coal industry scheme.
The Australian Securities and Investments Commission is seeking $30 million in penalties in its case against Hollard Insurance over delays in assessing the claims of a couple over damage to their home from a storm.
The Australasian Centre for Corporate Responsibility has dropped its challenge to the dismissal of its greenwashing case alleging Santos misled investors by falsely representing that it had a plausible path to net zero by 2040.
A class action over the government's 2011 live exports ban will go to a referee for determining how the 88,000 cattle that would have been exported should be allocated, despite the class action's claim this was part of the government's plan to declass the proceeding.