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It ditched a planned $627 million union, now US drug maker Cosette must pay more than $13 million toward Mayne Pharma's costs of the legal fallout. Whether it owes the "substantial damages" Mayne is claiming is an issue for another day.
ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.
Former NAB super fund trustee NULIS Nominees was able to charge $165 million in fees for paying adviser commissions after conflicted remuneration was banned in 2016, an appeals court has ruled.
The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard.
ASIC says payday lenders Cigno, BSF and their directors should pay $150 million in penalties, arguing a judge should not have found they were entitled to a reduced $7 million in penalties because they had relied on legal advice from Piper Alderman.
The former CEO of the Australian Film Institute, who alleges he was ousted through a sham redundancy, has dropped his bid for reinstatement.
Construction PRO
An appeal by the buyers of a $2.3 million real estate business on the NSW Central Coast has fallen short, with a court finding that their solicitor's knowledge of a security charge was properly imputed to them.
Lander & Rogers has nabbed a finance partner from Corrs Chambers & Westgarth, who says his clients have been enthusiastic about his shift to a somewhat smaller firm.
The founder of fintech Humm Group has agreed to step down from the board as he brings a High Court challenge over a Takeovers Panel ruling that found unacceptable circumstances in relation to a $385 million takeover offer by Credit Corp.
Supermarket giant Woolworths has been hit with a lawsuit by a former senior executive who claims she was forced to work up to 90 hours per week and was subjected to a "boys club" culture.