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Penalty proceedings in ASIC's case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
Coal producer TerraCom has been joined to a lawsuit brought by Korean Midland Power against a unit testing lab ALS Limited over allegedly exaggerated coal testing results.
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation.
The High Court has rejected a special leave application by wealth guru Dominque Grubisa seeking to overturn a finding that she had actual knowledge that statements made by her company DG Institute to students who enrolled in her courses were misleading.
The ACCC has won court approval to bring claims against two companies in liquidation alleging they engaged in unconscionable and misleading conduct in the sale of printing cartridges and cleaning chemicals.
Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator's first-ever case alleging breaches of whistleblower protections.
Wealth guru Dominque Grubisa wants the High Court to overturn a finding that she had actual knowledge her company's statements were misleading, saying the case raises unresolved questions about accessorial liability.
The Full Court has rejected wealth guru Dominique Grubisa's argument that a judge who slapped her and her company with a $6 million penalty wrongly confused the ordinary consumer with “the most ignorant”.
On appeal of a $6 million judgment for misleading statements, Dominique Grubisa and her wealth education company DG Institute have argued her advice was based on faulty knowledge, not ill intentions.
Westpac and two other lenders have won their cases alleging they were scammed out of $500 million in loans to the Forum group of companies.