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Shareholders fail to prove loss from Babcock & Brown disclosure breaches
Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.
Court to rule soon in Queensland floods class action appeal
Dam operator Seqwater will find out this week if its decision not to settle with group members in a class action over the 2011 Queensland floods has paid off.
Lawsuit settled over Tradie’s ‘Aussiest undies ever’ claim
Men's briefs manufacturer Tradie has resolved a case brought by a rival alleging it misled consumers by claiming its underpants were the 'Aussiest undies ever'.
Finish detergent wins injunction in Powerball trade mark case
The makers of Finish dishwashing products has secured an injunction keeping rival Somat products branded with an allegedly infringing logo from supermarket shelves until the Federal Court decides a high-stakes trade mark battle.
High Court asked to hear dismissal case of TechnologyOne exec
A former senior executive of TechnologyOne wants the High Court to take up his unfair dismissal case after the software company won its challenge to his $5.2 million win.
Law firm can’t get fees after ‘dishonourable conduct’ toward clients
An appeals court has upheld a ruling that Sydney law firm Atanaskovic Hartnell was not entitled to the bulk of $165,000 in legal fees charged to two media company clients defrauded by jailed former solicitor Brody Clarke, calling the firm's attempt to renege on its undertakings "dishonourable".
‘Some might also die’: Judge denies religious leaders’ bid for lockdown exemption
A judge has thrown out an urgent bid by Australian religious leaders for a temporary exemption from COVID-19 lockdown orders in NSW and Victoria to observe upcoming religious holidays, saying granting the injunction may lead to deaths.
Claims against PwC trimmed in class action over $50M Axsesstoday bond prospectus
The applicant in a class action against PricewaterhouseCoopers over a $50 million bond prospectus for asset finance lender Axsesstoday has dropped claims accusing the accounting giant of being involved in the company's alleged misrepresentations.
Forum Finance liquidators win court ok to sell $1.2M luxury yacht
Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.
BlueScope meeting with rival steel distributors ‘potentially illegal’, exec tells court
BlueScope Steel general manager Jason Ellis wanted no record kept of a meeting with four of the company's competing steel distributors and warned his national sales manager to keep the talks under wraps, a court hearing the ACCC's price-fixing case was told on Thursday.