A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.
The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.
A former employee of internet service provider Broadband Solutions has been slapped with an injunction restraining his use of company materials and engagement with competitors, with a judge finding it is likely he breached confidentiality clauses.
Citing the significant time and costs invested in the litigation, the applicant in the second filed class action over the collapse of Quintis wants his half of a $4.37 million settlement with the sandalwood producer to fund ongoing costs in what remains of the case.
The Kingdom of Spain must pay $56,000 in security to bring its challenge in a long-running dispute over whether it must pay a $200 million arbitral award to two renewable energy investors.
Courtenay House director Tony Iervasi has been sentenced to 11 years’ imprisonment after pleading guilty to charges connected to a $180 million Ponzi scheme that duped hundreds of investors.
Hyundai and Kia have been ordered to produce further documents to allow a class action to investigate the nature and extent of alleged engine defects, with a judge rejecting the car makers’ bid to produce only a sample set of documents.
A judge has found ASX-traded mining equipment manufacturer Austin Engineering can use documents disclosed in its case against rival Schlam over a former employee’s alleged leak of confidential business information to expand its claims.
The Australian Pacific Investment Corporation has scored a win a dispute with Vasco Trustees over a managed investment scheme at the Yarra Valley Lodge hotel, with a judge finding that ‘evergreen’ licensing agreements are invalid.
A court has overturned a decision that franchisees bringing a class action against United Petroleum should be spared a security for costs order, saying there wasn’t enough evidence to conclude that the case would otherwise be stifled.