Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly.
ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
The liquidator of six companies linked to the nephew of former Nudie Juice founder Andrew Binetter has secured approval for a settlement in a case over the fallout of a massive tax evasion scheme.
Bellamy’s Organic has resolved a suit by its former CEO alleging the baby food producer discriminated against her by offering a salary that was one-third of what her male predecessor earned.
A judge has found that the government owes no duty of care to Torres Strait Islanders to protect them against the effects of climate change, despite finding that there was a very real risk they could become “climate refugees”.
A court has knocked back online merchandise importer New Aim’s trade secrets case against a former employee who gave the contact details of the company’s suppliers, stored on his personal phone, to a competitor after jumping ship.
An appeals court has held that directors cannot be found guilty of unlawfully making a deal to prevent employees from receiving their entitlements if they believe they could be paid out under the Fair Entitlements Guarantee scheme.
Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.
Consulting firm Intalo Group has lost its latest bid for documents in a copyright infringement case against James Cook University, with a court finding admissions made by the university made the material irrelevant.
A law firm which brought several underpayments cases on behalf of junior doctors is investigating a potential class action against alcohol delivery service Jimmy Brings.