Trials

The trial judge in enforcement action against Mastercard had harsh words Thursday about the company's witnesses, including a top executive whose testimony he said was "most unsatisfactory and unimpressive".

Mastercard argued Wednesday it relied on legal advice in drafting alleged anti-competitive deals with major retailers, as the judge questioned the reliability of some witnesses for the payments giant, who recalled "virtually nothing".

Insurers fighting a case by Webuild and NRW's seeking coverage from damages caused by a sinkhole during the construction of Perth's $1.8 Billion Forrestfield-Airport Link have pointed to emails from WeBuild staff and contractors which they say prove their claims of fraud.

Trial has kicked off in a case by builders Webuild and NRW against their insurers over coverage for damage caused by a sinkhole during the construction of Perth's $1.8 billion Forrestfield-Airport Link.

An ASX statement from budget airline Rex that was optimistic about its 2023 profit prospects should have been corrected by April, ASIC has told a judge, disputing claims that the statement was not a forecast but merely an expression of what the board hoped for. 

McDonald’s knew that employees across its stores were not being given continuous 10-minute rest breaks and that its time-keeping systems were deficient, a judge heard on the first day of trial in an underpayments class action that could include 370,000 workers.

ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.

The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 

Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position. 

A case launched by the directors of the defunct Melbourne Rebels against the club's administrators, which sought to avoid liability for players' PAYG tax, has been discontinued.