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Lendlease, Acciona lock horns over $160M engineering acquisition
Infrastructure developers Lendlease and Acciona are suing each other for tens of millions of dollars over alleged losses stemming from Acciona's $160 million acquisition of Lendlease's engineering business, which saw it take over the Gawler rail project in South Australia.
Tax commissioner defamed accountant Vanda Gould but has valid defence
Embattled Sydney accountant Vanda Gould has lost his defamation case against the Commissioner of Taxation, with a court finding Chris Jordan’s defamatory comments constituted a “robust”, but proportional, counter-attack to Gould’s public disparagement of the Australian Tax Office.
Ex-Rentokil employee denies fraudulent scheme led to $3.2M payment
An ex-Rentokil supply manager has admitted that payments from the pest control company totalling $3.2 million were sent to his bank accounts but has denied this was part of a fraudulent invoicing scheme.
Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a "concerted campaign" that lasted two years.
High Court tosses appeal of sacked climate-skeptic professor
The High Court has thrown out sacked climate skeptic professor Peter Ridd's appeal of his dismissal by James Cook University, finding protection of intellectual freedom is not a “general freedom of speech”.
Griffin Coal told to pay Carna Group liquidators $5M for contract breach
Struggling mining firm Griffin Coal has been ordered to pay $5.1 million to liquidators of a collapsed mining services company after a judge found it had breached a contractual term not to trade while insolvent.
Insurers largely prevail in second COVID-19 test cases
Insurers have largely succeeded in challenging COVID-19 business interruption losses claimed by a group of small businesses, in an important second test case that could save the industry billions of dollars.
Ex-Dick Smith CFO to appeal $43M victory for NAB
Dick Smith's former CFO will appeal a $43 million judgment in favour of National Australia Bank over his role in the retailer's collapse.
a2 Milk settles trade mark spat with Open Country
The a2 Milk Company has reached a settlement in its fight against New Zealand-based Open Country's trade mark containing the jealously guarded 'a2', with the rival dairy supplier dropping its successful application to register the mark.
Car makers to pay $52M to settle Takata airbags class actions
Six of the world's largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.