A class action over the failure of six managed investment schemes for eucalyptus wood in Tasmania has accused KPMG of failing to advise forestry giant Gunns that it had to tell growers about $720 million in financing it sought in 2007.
Founder and former CEO of listed investment firm DomaCom is suing Nine over an episode of A Current Affair that allegedly suggested he was involved in a sham acquisition of agriculture company Austagri to boost his company’s share price.
Australia’s largest milk producer Van Dairy has hit Fonterra Australia with lawsuits alleging the processor misled farmers and engaged in unconscionable conduct when it slashed milk prices in 2016.
Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get “within a bull’s roar” of showing the accounting firm’s discovery was inadequate.
Law firms running competing shareholder class actions against a2 Milk appear to have reached agreement to join forces, with a court order Thursday scrapping a contest to determine which case would proceed alone.
King & Wood Mallesons could be dragged into a class action by commercial fishing operators against Gladstone Ports Corporation over a “colossal disclosure debacle” in which the late discovery of 39,000 documents derailed a planned September hearing.
The High Court will clarify the so-called peak indebtedness rule used by liquidators recouping payments to unsecured creditors, granting a special leave application brought by the liquidators of collapsed forestry giant Gunns Group.
Viterra has lost its battle to maintain freezing orders against two Australian business as it seeks to enforce an $18.7 million arbitration award against a related but separate Chinese company.
Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.
Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.