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Ex-Healthe Care exec fined $10,000 for insider trading
A former executive of hospital operator Healthe Care has been sentenced and fined $10,000 after pleading guilty to one charge of insider trading for acquiring a large number of the company's shares while in possession of inside information regarding plans to acquire a rival hospital operator.
Franchisee lawsuit accuses Quest of ‘unfair’ termination tactics
Quest Serviced Apartments is using unfair tactics to unlawfully terminate franchise agreements, according to a lawsuit by a franchisee that is fighting to keep its doors open after COVID-19 restrictions forced closures across the country.
ASIC hits Griffin Coal with criminal charges over financial reports
The Australian Securities and Investments Commission has hit beleaguered mining firm Griffin Coal with criminal charges over its alleged failure to lodge annual financial reports for 2019 and 2020.
GetSwift mulls appeal of scathing judgment on ‘PR-driven’ approach to ASX statements
Logistics company GetSwift says it is considering an appeal of an 859-page judgment which lambasted the company and its directors' "public relations-driven approach" to announcements on the Australian Stock Exchange.
Ex-Tennis Australia president loses bid for $4.3M in indemnity costs against ASIC
Former Tennis Australia president Steven Healy has lost his bid for $4.3 million in indemnity costs against ASIC over its failed case over the rights to the Australian Open, with a judge finding the regulator’s case against him had “reasonable prospects of success” before trial.
Court won’t block Monash Health from terminating unvaccinated nurses
A court has struck down a bid by unvaccinated nurses to restrain Monash Health from terminating their employment in accordance with the Victorian COVID-19 public health directions requiring them to be vaccinated, saying their case is “at best, weak”.
IVF provider Virtus’ confidentiality claims ‘border on ridiculous’, judge says
A judge has rejected part of IVF provider Virtus Health’s bid for redactions in a recent decision from the court temporarily blocking the company from purchasing rival Adora Fertility, saying some of the confidentiality claims were “staggering” and “border on ridiculous.”
Spruson & Ferguson, Shelston IP merge to create intellectual property powerhouse
Spruson & Ferguson and Shelston IP have merged to create Australia’s largest intellectual property law firm, with a 200-strong workforce and more than 160 years of combined experience.
Law firm must pay $13M for negligence that led to client’s botched Woolworths deal
A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.
Piper Alderman’s demand for $119,000 in unpaid fees from Aurora Funds set aside
Asset manager Aurora Funds has won its bid to toss a demand by law firm Piper Alderman for $119,335 in allegedly unpaid legal fees, with a judge finding the terms of a settlement deed between the parties may operate as a “penalty” for defaulting on payments.