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Race car driver Max Twigg misappropriated $100M in family trust fund fortune, court finds
Race car driver and former owner of the famous Byron Bay Hotel, Max Twigg, misappropriated around $100 million in family trust money, taking steps to conceal the transfer of funds from his mother, a court has found.
‘I would like to move a Chinese person to that role’: UTS faces race discrimination lawsuit
A former University of Technology Sydney professor based in Shanghai has filed a lawsuit accusing the university of race and age discrimination, alleging his contract was not renewed after the dean of the business school said he wanted to appoint a Chinese person to his position.
Chevron accuses Ampol of ‘flagrant’ infringement of Caltex trade mark
Chevron has taken Australian petrol station operator Ampol to court over its allegedly infringing use of the ‘Caltex’ brand, eight months after the US oil giant severed the companies' trade mark licence agreement.
Ex-BlueScope exec pleads guilty to obstructing cartel investigation
A former executive of BlueScope Steel has pleaded guilty to obstructing an Australian Competition and Consumer Commission price fixing investigation, in the first criminal charges ever brought against an individual in relation to an ACCC probe.
Facebook threatens news ban in Australia over media bargaining code
Social media giant Facebook has come out swinging over the Morrison government’s proposed news media bargaining code, threatening to stop Australians from sharing local and international news on Facebook and Instagram if the code becomes law.
$1.4B MLC acquisition puts IOOF on the hook for class actions, ASIC case
Financial services giant IOOF Holdings will be on the hook for any judgments or settlements reached in two class actions and an ASIC lawsuit as part of its $1.4 billion acquisition of NAB wealth management unit MLC.
iSignthis racks up $1M legal bill in battle with ASX
Fintech firm iSignthis has revealed that it has spent over $1 million in legal costs pursuing its $264 million lawsuit over misleading and deceptive conduct against the Australian Stock Exchange.
Hanwha can amend solar patent at centre of IP feud with rivals
The Federal Court has granted a bid by global solar cell manufacturer Hanwha to amend the patent behind its solar technology at the centre of a hotly contested infringement case against three rivals.
Boehringer scores partial win in challenge to animal vaccine patents
German pharmaceutical giant Boehringer has partially succeeded in its opposition to several vaccine patents filed by animal health company Zoetis, used to treat pneumonia in pigs.
Lawyer releases AMP sexual harassment findings amid firm’s ‘corporate spin’
A lawyer acting for former AMP employee Julia Szlakowski has accused the company of a lack of transparency and has released the findings of the London barrister hired to investigate her sexual harassment allegations against senior executive Boe Pahari, which confirm Szlakowski’s version of events but conclude only some allegations constituted harassment.