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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Logistics company GetSwift will argue on appeal that a judge who found the company took a "PR-driven approach" to ASX statements was wrong in his assessment of whether those statements contained material omissions.
Mayfair’s ex-lawyers may fight claim that ‘flagrant incompetence’ led to court loss
Former legal representatives of companies in the Mayfair 101 group are considering an application to strike out part of an appeal that alleges their “flagrant incompetence” led to director James Mawhinney copping a 20-year ban on soliciting investor funds.
High Court won’t save Lex Greensill from tax on $58M in capital gains
The High Court has shot down Greensill founder Lex Greensill's bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.
BHP unit’s Christmas Day work requirement reasonable, court says
A court has shut down action by the CFMEU  on behalf of coal miners who were rostered to work Christmas Day and Boxing Day at the Daunia Mine in central Queensland in 2019.
Senator Matt Canavan’s brother can probe claims against Glencore
The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.
PepsiCo takes ATO to court for taxing bottling payments by Schweppes
PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.
Wotif founder ordered to pay $15M in aquaculture share dispute
Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.
Noumi to foot Blue Diamond’s legal bill as part of $48M settlement
Noumi, formerly known as Freedom Foods, has agreed to pay $860,000 in Blue Diamond Growers' costs as part of a $48 million settlement of a legal spat over a licensing deal to sell Almond Breeze milk, which the food maker unsuccessfully argued should be heard in Australia.
GetSwift appeals judgment scathing of ‘PR-driven’ approach to disclosures
Logistics company GetSwift and its directors are appealing a win for ASIC in the regulator's case that alleged they breached their continuous disclosure obligations and engaged in misleading and deceptive conduct in the release of 22 ASX announcements.
Funder may walk if 40% group costs order rejected in Arrium class action
A funder that's helping foot the bill in a class action against Arrium's former directors and KPMG may withdraw support if the law firm that's running it is not granted an order awarding it 40 per cent of any award or settlement.