Litigation funder Litigation Capital Management will snap up 30 percent of a confidential settlement amount that KPMG has fought to keep under wraps in a shareholder class action over a failed $830 million hostile takeover bid of mining firm Discovery Metals.
An appeals court has sided with the tax office in a dispute against two corporate limited partnerships formed in the Cayman Islands, finding that ATO tax assessments issued for the sale of shares in global mining company Talison Lithium were valid and correct.
A settlement has been reached in a class action against KPMG alleging it providing a misleading expert report to copper miner Discovery Metals that was used to reject a $830 million hostile takeover bid.
A judge has rejected a bid by a group of Apache Corporation companies to break up a looming trial in a long-running dispute with WA-based oil and gas company Santos, saying holding a hearing on separate issues would not be the time saver Apache claims.
Two Adero Law-led class actions against Hays Specialist Recruitment and Stellar Personnel have been put on hold amid a looming Full Court appeal by Workpac which is expected to clarify the definition of casual work in Australia.
European solar panel maker REC has struck back at a patent lawsuit filed by solar giant Hanwha QCELLS, saying it will petition the court to invalidate Hanwha’s patent for its passivation technology.
A Federal Court judge has questioned whether appeals from IP Australia should be allowed to proceed as hearings anew and not confined to the issues already run before the agency, in a ruling spanning 1,784 paragraphs that dismisses a challenge by chemical manufacturer SNF to a delegate’s decisions granting two mining patents to rival BASF.
Australia’s richest person Gina Rinehart has lost a bid to dismiss prior court orders to produce documents relating to the $4 billion family trust to her daughter, Bianca Rinehart.
A judge has told off the Fair Work Ombudsman for seeking penalties of up to $94,000 in a case alleging Norwegian shipping company Transpetrol underpaid seafarers more than $255,000 in wages, saying she “overreacted”.
A 2014 bushfire sparked by a termite-infested electrical pole that destroyed 57 homes was the fault of sub-contractor Thiess Services and the owner of the land on which the pole sat, a court has found.