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Bell Potter defeats $10M lawsuit over 1 minute trading call
Bell Potter has defeated a lawsuit by Nicholas Bolton’s Keybridge Capital over a 2015 phone call which lasted one minute and 18 seconds in which the investment firm was accused of committing its client to buy $10 million worth of shares in defunct Molopo Energy.
CFMMEU hit with maximum penalty after alleged homophobic slurs
The CFMMEU and two of its officials have been hit with the maximum penalty for allegedly breaching right of entry rules and calling a safety advisor “disgusting homophobic slurs” at a worksite on the $5.4 billion Queensland Cross River Rail project.
Building giant BCEG wins $12M fraud case against former directors
Chinese construction and engineering firm BCEG has won a $12 million lawsuit against two former directors of an Australian subsidiary after they allegedly swindled millions from the company to fund their own developments and buy a luxury apartment.
Curve Securities accuses senior adviser of soliciting clients for competitor
Investment firm Curve Securities is suing competitor Ord Minnett and a former associate director, alleging the defecting adviser solicited its clients and misused confidential information.
Corrs client appeals finding that firm overstepped in preparing expert report
A client of Corrs Chambers Westgarth has filed an appeal after a judge found the firm went “far beyond the permissible scope” of involvement in an expert report prepared for a trade secrets case.
Mastercard says deals with retailers were legitimate, pro-competitive
Mastercard had a legitimate and pro-competitive reason for reaching agreements with major retailers to choose its network over Eftpos for debit card processing, a court was told Wednesday in the competition regulator's misuse of market power case against the financial services behemoth.
Moray & Agnew resolves case against insurer over $3.7M settlement with developer
Law firm Moray & Agnew has reached an agreement with insurer Arch Underwriting in its case seeking coverage of part of a $3.7 million settlement with Melbourne property developer Harry Stamoulis.
HarperCollins wants High Court to reawaken deep sleep defamation case
Publisher HarperCollins has filed a special leave application with the High Court seeking to challenge a decision that revived a defamation case by a psychiatrist over a book covering the controversial deep sleep therapy at the Chelmsford Private Hospital in the 1970s.
Honda admits ‘accidentally but repeatedly’ misleading customers
Honda has admitted to the Australian Competition and Consumer Commission's claims that it mislead the customers of two former authorised dealerships, but is seeking to avoid pecuniary penalties for the “accidental” misconduct.
Mineralogy can’t take royalties dispute with Adani to court
Clive Palmer’s mining company Mineralogy has lost a bid to stay an expert determination process in a royalties dispute with Adani, with a judge ruling that the court should not “lightly disregard” decisions to resolve disputes by expert determination rather than court-based litigation.