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.
A judge has found that former Orix CEO John Carter is not entitled to make claims under a D&O policy, saying he fraudulently failed to disclose to Chubb the payment of alleged secret bribes.
US animal drug manufacturer Zoetis has lost its challenge a ruling that chucked out three of its patents for a single-dose vaccine to protect pigs from enzootic pneumonia.
CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.
Insurer Marsh has wasted no time in appealing a ruling that it breached an obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill in separate proceedings.
Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.
Entities linked to late solicitor Mark Elliott have offered a settlement to end the pursuit of damages for Banksia class action members, but the deal would leave a significant sum held on trust by the Elliott parties out of reach.
The Full Court has granted a bid for a costs certificate by a former Atanaskovic Hartnell general manager whose win in an employment suit was overturned due to a judge’s “uncritical copying and pasting” of submissions.
Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.