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Nuix has lost its appeal of a ruling that found it must pay $20 million in legal costs before its insurers must cover its bills for defending multiple class actions and an ASIC case over its $1.8 billion float.
A judge has sounded the alarm bell about regulators launching appeals to re-litigate enforcement proceedings, in a recent decision tossing the corporate cop's appeal in a case against insurer HCF Life.
Westpac has been hit with a $26 million penalty -- just shy of the $30 million sought by ASIC -- for failing to respond to online hardship applications on time on 277 occasions, in conduct described as “grossly negligent”.
The Full Court has rejected an appeal by the tax office over the classification of a redundancy payment, finding that an early learning centre worker who was offered reduced hours and pay as part of a restructure was made redundant.
Construction PRO
Liquidators of collapsed Snowdon Developments have reached a settlement with cement supplier Barro Group as part of efforts to claw back payments allegedly made when the Melbourne developer was insolvent.
A Tasmanian disability group home and respite care provider has been hit with a $1.1 million penalty after admitting it failed to notify the NDIS Quality and Safeguards Commission about reportable incidents 474 times.
Slater & Gordon has settled a lawsuit by its former HR head alleging she was axed after expressing concerns that the firm deliberately underpaid over $300,000 in leave entitlements.
Isuzu has lost an appeal bid to shut down a lawsuit by car alarm company Directed Electronics over alleged trade secrets theft, after an earlier case left it with a $169 million damages bill.
Court orders have been issued barring a director of cryptocurrency exchange operator Blockchain Global from travelling outside Australia while the corporate regulator investigates the collapse of the exchange.
The Australian Financial Review has hit back at a defamation suit by the owner of Melbourne jazz venue Bird’s Basement over articles about a former employee’s now-discontinued suit, saying the articles were a fair report of public documents.