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Arrium settlement was a ‘substantial compromise’, judge says
Restructuring & Insolvency 2021-07-05 4:05 pm By Cat Fredenburgh

A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been […]

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EY sued for negligence over Coca-Cola Amatil’s $40M sale of SPC
Accounting 2021-06-25 5:32 pm By Miklos Bolza

Consulting firm EY is facing legal action for allegedly making inaccurate and misleading statements ahead of the 2019 sale by Coca-Cola Amatil of its fruit […]

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ATO challenges Shell victory over $2.2B deduction for WA gas exploration project
Appeals 2021-06-24 10:00 am By Cat Fredenburgh

The ATO is challenging a judge’s decision to allow oil giant Shell Australia $2.2 billion in deductions for the cost of certain exploration activities conducted […]

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Mineralogy, ASIC spar in ‘collateral attack’ on Clive Palmer criminal case
ASIC 2021-06-22 4:38 pm By Miklos Bolza

Mineralogy is seeking declarations that its 2014 financial statements were true and fair in a court case ASIC has called a “collateral attack” on criminal […]

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Senator blasts ASIC for failing to investigate ‘catastrophic’ Nuix float
Class Actions 2021-06-17 10:41 pm By Cat Fredenburgh

Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised […]

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NAB wins $43M judgment against ex-Dick Smith director but receivers walk away empty handed
Restructuring & Insolvency 2021-06-15 4:47 pm By Miklos Bolza

A judge has awarded $43 million to National Australia Bank in its lawsuit against former directors of failed retailer Dick Smith, but threw out claims […]

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ACCC will not oppose Woolworths’ planned $552M investment in PFD
Corporate 2021-06-10 3:53 pm By Christine Caulfield

The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket […]

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Judge shuts down derivative suit against CBL over $3M share acquisition
Securities 2021-06-07 11:03 pm By Miklos Bolza

A shareholder’s attempt to reverse a $3.15 million share acquisition by the managing director of construction giant Consolidated Builders Ltd has been dismissed by a […]

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Kraft to pay Bega $9.25M to resolve peanut butter trade dress battle
Intellectual Property 2021-06-03 4:22 pm By Cat Fredenburgh

Kraft has agreed to pay Bega $9.25 million as part of a settlement resolving a long-running battle over peanut butter trade dress rights, after the […]

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Grant Thornton can bring cross-claim against Forge Group
Professional Negligence 2021-05-21 9:35 pm By Cat Fredenburgh

Grant Thornton has won approval to a bring a cross-claim against Forge Group, just three months ahead of trial in the collapsed engineering company’s case […]

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