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Shareholders fail to prove loss from Babcock & Brown disclosure breaches
Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.
Court to rule soon in Queensland floods class action appeal
Dam operator Seqwater will find out this week if its decision not to settle with group members in a class action over the 2011 Queensland floods has paid off.
Finish detergent wins injunction in Powerball trade mark case
The makers of Finish dishwashing products has secured an injunction keeping rival Somat products branded with an allegedly infringing logo from supermarket shelves until the Federal Court decides a high-stakes trade mark battle.
High Court asked to hear dismissal case of TechnologyOne exec
A former senior executive of TechnologyOne wants the High Court to take up his unfair dismissal case after the software company won its challenge to his $5.2 million win.
IAG hit with class action over COVID-19 business interruption claims
Insurance Australia has been hit with a class action by business owners whose claims for business interruption losses caused by the COVID-19 pandemic have been denied.
Law firm can’t get fees after ‘dishonourable conduct’ toward clients
An appeals court has upheld a ruling that Sydney law firm Atanaskovic Hartnell was not entitled to the bulk of $165,000 in legal fees charged to two media company clients defrauded by jailed former solicitor Brody Clarke, calling the firm's attempt to renege on its undertakings "dishonourable".
‘Some might also die’: Judge denies religious leaders’ bid for lockdown exemption
A judge has thrown out an urgent bid by Australian religious leaders for a temporary exemption from COVID-19 lockdown orders in NSW and Victoria to observe upcoming religious holidays, saying granting the injunction may lead to deaths.
Claims against PwC trimmed in class action over $50M Axsesstoday bond prospectus
The applicant in a class action against PricewaterhouseCoopers over a $50 million bond prospectus for asset finance lender Axsesstoday has dropped claims accusing the accounting giant of being involved in the company's alleged misrepresentations.
Tabcorp locked in billion-dollar court battle with ATO
Tabcorp and Tatts Group have brought eight proceedings against the Australian Tax Office over more than a billion dollars in deductions for fees to gambling authorities in four states.
Forum Finance liquidators win court ok to sell $1.2M luxury yacht
Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.