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Harvey Norman’s ‘opaque’ structure causing class action discovery woes, court told
A class action against Harvey Norman over alleged useless product warranties wants the court to manage the discovery process after more than six months of disagreements, saying the company's corporate structure is opaque.
Construction PRO
Appeal to heaven can’t spare Esso, Woodside a November High Court date
The High Court has agreed on an early November hearing date in a dispute over Bass Strait hydrocarbon royalties, despite a plea to the heavens by counsel for Esso and Woodside.
Harvey Norman, Latitude hit with $55M in penalties in ASIC case
Electronics retailer Harvey Norman and consumer lender Latitude Finance have been socked with a total of $55 million in penalties for a misleading ad campaign seen by millions of Australians.
Construction PRO
REST refuses damages undertaking, loses APAC sale injunction bid
REST Nominees has lost an injunction bid barring the sale of the Dexus bloc of shares in Melbourne Airport's operator pending an appeal, after refusing to give an undertaking that it foot the entire damages bill if its challenge fails.
Judge bemoans ‘vast amounts’ of unnecessary work in class actions
A judge has questioned the level of detail in a 1,700-page proposed amended pleading in a shareholder class action over the collapse of fund manager Blue Sky, expressing "frustration" at the amount of unnecessary work that goes on in class actions.
Construction PRO
APAC says default notice valid at least against Dexus selling shareholders
Airport operator APAC says a default notice sent to Dexus over confidentiality breaches is at least valid against shareholders that initiated a botched sales process, hedging its bets in an appeal of a ruling that forces a sale of the asset manager's entire stake.
Construction PRO
Dexus panned by judge for dragging APAC’s ‘cast of thousands’ to court
Dexus' decision to resist an undertaking as part of a deal to temporarily block the compulsory sale of its shares in airport operator APAC has been criticised by a judge for resulting in an "appalling waste" of time and money.
Jayson Gillham loses suit against MSO over concert cancellation
A judge has found the Melbourne Symphony Orchestra did not discriminate against pianist Jayson Gillham on the basis of political belief by cancelling a concert after he made comments that were critical of Israel's conduct in Gaza.
Keybridge directors deny board minutes about $4.75M CEO bonus a ‘concoction’
Three Keybridge Capital directors have rejected claims that board minutes documenting a $4.75 million bonus to former CEO Nicholas Bolton were a post-hoc "concoction”, saying they accurately reflected an agreement reached during a nine-minute meeting in 2023.
Court finds Rex breached continuous disclosure rules, tosses case against directors
ASIC has won its case alleging Regional Express failed to correct an optimistic forecast before it entered administration last year, but failed to prove the company's optimism conveyed a "likelihood" or that three non-executive directors had actual knowledge of the collapsed budget airline's declining business.