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Construction giant Boral is facing a shareholder class action for allegedly failing to disclose financial irregularities in its US windows business.
As states across Australia shut down non-essential services and close borders in the battle to control the spread of the coronavirus, companies are turning to their lawyers for guidance on everything from contracts to disclosure obligations, staff reductions to workplace health and safety issues. Lawyerly talked to practitioners to find out what was on the minds of their corporate clients.
National Australia Bank and HSBC, which are suing the liquidators of collapsed retailer Dick Smith to recoup over $125 million in loans, have successfully fought off a bid by two former company directors for a series of financial reports.
A judge has signed off on a $42.5 million settlement of a class action against Cash Converters, brought on behalf of consumers that look out personal loans, in a move that will see the plaintiffs firm behind the case pocket $12.4 million.
The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.
Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal -- and if Australia enters a European-style lockdown it won't be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.
Generic drug maker Juno Pharmaceuticals has agreed to stopped planned sales of its cheap version of Millennium Pharmaceuticals anti-cancer medication Velcade in Australia as part of a settlement of its lawsuit alleging two patents covering the drug were invalid.
The Australian Olympic Committee has taken a local microbrewery to court for allegedly violating its intellectual property by featuring the AOC coat of arms on its products and packaging without permission.
A judge has criticised the parties in a land sale dispute over Sydney's Parklea Markets for failing to make progress to bring the case to a close, almost three months after a $4.25 million judgment was awarded to a company owned by local retail personality Con Constantine.
A fight to lead a class action against Monsanto over its allegedly cancer-causing weedkiller Roundup is on foot, with a third class action soon to be filed against the chemical giant.