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Bill Papas’ girlfriend hits back at Westpac’s case over alleged $294M fraud
White Collar 2022-05-11 9:23 pm By Cindy Cameronne

Bill Papas’ girlfriend Louise Agostino has hit back at Westpac’s lawsuit accusing her of involvement in the Forum Group director’s alleged $294 million fraud, denying all allegations and arguing that the bulk of the bank’s claims against her should be struck out.

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Ex-DomaCom boss says Nine’s reporting of AustAgri deal cost him his job
Media 2022-05-06 10:56 pm By Christine Caulfield

Founder and former CEO of listed investment firm DomaCom is suing Nine over an episode of A Current Affair that allegedly suggested he was involved in a sham acquisition of agriculture company Austagri to boost his company’s share price.

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AGL dodges green shareholder’s challenge to demerger scheme booklet
Energy & Natural Resources 2022-05-06 5:48 pm By Sam Matthews

AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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ACCC head calls out companies for ‘pushing the boundaries’ of merger regime
Competition & Consumer Protection 2022-05-04 4:00 pm By Sam Matthews

The new chair of the competition regulator has taken aim at companies for “pushing the boundaries” of Australia’s merger control regime and taking a “strategic approach” to clearance, as the regulator yet again flags the prospect of a reform push.

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ASIC can’t duck case by G8 Education’s ex-chair over alleged unlawful examination
White Collar 2022-05-03 5:49 pm By Sam Matthews

ASIC has lost a bid to dismiss former G8 Education chair Jennifer Hutson’s application seeking declarations that she was unlawfully examined by the regulator over the company’s $162 million hostile takeover bid for Affinity Education Group.

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Keybridge’s Bolton grilled over 1 min call he says secured ‘firm’ deal with Bell Potter
Trials 2022-05-02 9:43 pm By Cindy Cameronne

Keybridge Capital managing director Nicholas Bolton has been grilled over a phone call in April 2015 lasting one minute and 18 seconds in which the activist investor claims Bell Potter bound its client to buy $10 million worth of shares in defunct Molopo Energy.

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EY dodges ‘speculative’ subpoena over independence in share sale case
Corporate 2022-05-02 2:01 pm By Sam Matthews

Ernst & Young has won a bid to throw out a subpoena probing whether its conflict-of-interest protocols were followed in a lawsuit against mining equipment company PPK, with a judge dismissing the summons as a fishing expedition.

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Former Nuix CEO has ‘no faith’ in pre-trial mediation in $180M case
Employment 2022-04-28 1:35 pm By Sam Matthews

The former CEO of Nuix has shot down the suggestion of pre-trial mediation, which he said was unlikely to resolve his $180 million claim against embattled tech company.

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Deloitte strikes back in Noumi class action over $590M write-down
Class Actions 2022-04-21 5:03 pm By Cindy Cameronne

Deloitte and Noumi, formerly known as Freedom Foods, have pointed the finger at one another in a consolidated shareholder class action, with the accounting giant saying the food company made misleading representations in its financial reports and should be on the hook for its costs in defending the lawsuit.

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TerraCom continues fight to keep PwC report from ASIC investigators
Appeals 2022-04-08 5:06 pm By Miklos Bolza

Coal mining firm TerraCom has taken its bid to shield a PricewaterhouseCoopers report from ASIC to the Full Court, appealing a judgment which found the regulator could view the report because of public statements made by the company.

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