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Chiodo wins more time to answer Venice Marriott case after ASIC raid
Ex-Keystone director Paul Chiodo’s company has won more time to file a defence to a new suit by Keystone’s receivers over a failed transaction for the purchase a Marriott Hotel in Italy.
ASIC still has ‘grave concerns’ over businessman’s plans amid $35M probe
After losing a travel ban application against a Melbourne businessman as part of a probe into a failed investment fund, ASIC is now seeking freezing orders over his assets.
BHP says ‘extremely significant’ changes to class action put trial date at risk
BHP has asked for more time to grapple with a shareholder class action’s amended pleading, saying the changes, if allowed, threaten to derail the trial start date in September.
Little Bellies worries Aldi will keep infringing IP despite court victory
The makers of Little Bellies Fruit Puffs have raised concerns budget supermarket chain Aldi could continue to infringe their copyright despite a recent court ruling in their favour.
Construction PRO
Company linked to major Melbourne developer loses winding up fight
Maxcon Developments, which allegedly owes $23 million in unpaid tax, has lost its bid to stay orders winding up the business, with a judge deeming the company “hopelessly insolvent”.
Russian aluminium giant appeals Rio Tinto war sanctions case to High Court
Russian company UC Rusal wants the High Court to hear its appeal of an "extremely harsh" finding that Rio Tinto was entitled to refuse alumina deliveries due to export sanctions.
CBA slams class actions’ ‘misguided’ theory on appeal
CBA has attacked two failed class actions' "misguided" appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
Judgment in CBA class actions could affect insider trading cases, Full Court told
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.
Marsh fights ‘serious’ finding it used Greensill litigation docs in UK case
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.
CBA class action judge used ‘far too onerous’ test, appeals court told
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.