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A judge has rejected a bid by a shareholder class action against water treatment firm Phoslock and auditor KPMG to put off paying $1.6 million in overdue cash security while negotiations about an ATE policy are on foot.
The law firm running a class action against Harvey Norman has won a 30 per cent group costs order, with a judge noting the trend towards “gradual increases” in contingency fee rates.
ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.
The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard.
Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position.
A case by a concert pianist whose performance was cancelled after public remarks about Israel’s conduct in Gaza will clarify whether organisations can contract out of discrimination protections, a trial has heard.
Concert pianist Jason Gillham has denied that his social media activity would have led potential concert hosts to perceive him as antisemitic, as his discrimination case against the Melbourne Symphony Orchestra heads to trial.
Boral's former CEO Zlatko Tordorcevski and ex-CFO Tino La Spina have been granted discovery as they mull possible claims against their former employer for curbing their long-term incentive entitlements when they left in 2022.
Two former directors of food supplier PMFresh can't withdraw admissions in a case alleging they used company funds for personal benefit, despite a related police investigation.
Construction PRO
A judge said Tuesday evidence in a case over the sale of a stake in Melbourne Airport's operator might justify a finding that shareholder Dexus acted unethically and immorally. But whether such a finding was relevant to the validity of a default notice at the centre of the suit is another matter.