Events

Electro Optic Systems has admitted continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts, with ASIC filing a $4 million lawsuit against the defence firm and another against its co-founder.

A judge has approved an increase in the costs of distributing a $180 million settlement in a stolen wages class action but has said more "frankness" is needed in competitive tenders for the administration gig.

A homophobic tweet aimed at independent Sydney MP Alex Greenwich may have approached “vulgar abuse" but was just part of the cut and thrust of Australian political debate, former One Nation politician Mark Latham has said.

A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.

Imposing a duty of care on the Australian government to protect Torres Strait Islanders from climate change would not involve the Federal Court in matters of political judgment, a failed class action has argued on appeal.

A Sydney builder has lost its challenge to a $453,000 judgment for a developer, with an appeals court finding the construction company claimed payment for a greater amount of work than was done on a project in Dural. 

Famed restaurant chain Momofuku has filed an appeal after losing its challenge to a trade mark of instant noodle giant Nissin Foods, a court has heard.

The tax commissioner is challenging last month's loss in a $948 million capital gains dispute with Malaysia's YTL Power.

A judge has stayed a bid by the Illawarra Hawks and Melbourne Phoenix basketball clubs for preliminary discovery to determine whether to pursue claims against the National Basketball League.

The ABC has defeated a defamation suit by the owner of a defunct online travel agency Bestjet, with a judge finding the article in question did not convey that he was to blame for the collapse of the business.