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A former director of collapsed Melbourne-based over-the-counter derivatives broker Berndale Capital Securities will serve 23 months in prison after pleading guilty to misusing company funds, misconduct that ASIC called "egregious".
Construction PRO
AsheMorgan principal Michael Rothner has defeated a suit by a member of the Waterhouse horseracing dynasty over the $26 million sale of a Rose Bay mansion, with a judge finding Rothner did not breach the agreement by authorising the removal of trees on a neighbouring property to improve his harbour views.
Construction PRO
Fitout company Reward Group has lost its challenge to a payment claim adjudication by a subcontractor for refurbishment work on Sydney's luxury Sofitel Wentworth Hotel.
Former directors of steelmaker Arrium have rejected shareholder class action claims that the company's collapse was foreseeable, calling claims they had their heads in the sand “arrant nonsense”.
Hitting back at trial in a shareholder class action, software company Nuix has told a judge it was “completely unfounded” to allege auditor PwC did not push back on management’s claims about its budget.
The lead applicant in a class action against Sportsbet over its fast code betting service has admitted he never questioned whether the system was lawful until meeting with class action lawyers at Maurice Blackburn.
US real estate firm Savills has failed to summarily dismiss a lawsuit alleging sexual harassment, which a judge said if true "indicated a culture of discriminatory sexist behaviour of a serious kind".
A judge has given the nod to an amendment in a class action over Victoria's COVID-era hotel quarantine program that will exclude non-retail and hospitality businesses, but he won't make the order operate retrospectively.
A legal showdown between actress Rebel Wilson and the co-producers of her film 'The Deb' will commence next month, two weeks after Wilson successfully defended defamation proceedings by the film's lead actress.
A shareholder class action against Nuix is the first to test statutory due diligence defences available under the Corporations Act, a court heard Tuesday, when the class action took the court to internal emails describing the company as "tragically hopeless" at winning new business.