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Crown Casino faces court action by the liquidators of iProsperity Group, seeking the return of $55 million in company funds they say were gambled away by its directors, two of which have since left Australia.
Construction PRO
The liquidators of iProsperity Group want Crown to repay $55 million in company funds they say were gambled away by the real estate funds manager's directors.
The corporate regulator has appealed a Federal Court decision that rejected part of its case against HCF Life Insurance over a pre-existing condition term in its policies that was found to be misleading but not unfair.
Baker McKenzie has poached a banking and finance partner from Norton Rose Fulbright.
Construction PRO
The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.
The owner of Banana Boat and Hawaiian Tropic sunscreen brands faces court action by the consumer regulator for alleged greenwashing.
Construction PRO
Liquidators for iProsperity have been given the greenlight to enter into retainers with Norton Rose Fulbright to pursue claims against the defunct property group’s general manager and Crown Melbourne.
Popular Swiss sports shoe maker On Clouds has filed proceedings in the Federal Court after its opposition to the registration of sustainable footwear brand Cyclonic's trade mark failed.
A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action.
A judge has rejected bids by former Keystone director Paul Chiodo and developer Robert Filippini to stay a $150 million suit, citing investors' interests as a "powerful" factor weighing against the stay.