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In the wake of a landmark judgment that held class actions are not managed investment schemes, engineering giant UGL has given up its case against two unions that sought to block them from funding an underpayments class action.
ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator's enforcement action was on foot, a move the court on Tuesday said was "unprecedented".
ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment that found the regulator could view the report because of public statements made by the company.
Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its "PR-driven" approach to ASX statements.
The corporate regulator has taken Australian Mines to court after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.
Car repair giant AMA Group may have a discovery fight on its hands in its lawsuit against former boss Andrew Hopkins for allegedly defrauding the company of $3 million.
Coal mining firm TerraCom has taken its bid to shield a PricewaterhouseCoopers report from ASIC to the Full Court, appealing a judgment which found the regulator could view the report because of public statements made by the company.
A judge has denied an “invasive” bid to search hospitality giant Merivale’s payroll systems ahead of an upcoming mediation in a $129 million underpayment class action covering 13,500 employees.
Mining company TerraCom has lost a case seeking to shield a report by PricewaterhouseCoopers from the Australian Securities and Investments Commission, which is investigating claims current and former executives falsified coal quality results.
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.