Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly used investor money to advance the company’s business interests and line its directors’ pockets.
The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company’s legal representation was not an excuse for defaulting on court orders.
The High Court has unanimously rejected a constitutional challenge against the Victorian government over its COVID-19 lockdown measures.
The Victorian government has not decided how it will respond to a constitutional challenge brought in the High Court against the state’s COVID-19 lockdown measures, and has been given just four more days to make its move.
Administrators of collapsed retailer Colette by Colette Hayman will not have to pay over $714,000 in rent after court ruled that a temporary rent freeze in light of the COVID-19 crisis was in the interests of the company’s creditors.