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An appeals court has found that two former executives of collapsed electronics retailer Dick Smith should pay the company’s receivers $11.8 million in damages for approving a dividend payment the company could not afford.
Aussie group fitness chain Body Fit Training Company has been hit with a $3.2 million lawsuit for allegedly breaching an equipment supply agreement and diverting supplier Gym Imports' rights as part of the $64.2 million sale of its business to US-based Xponential Fitness last year.
UK automotive distributor Inchcape has challenged a judgment that put insurer Chubb on the hook for some but not all of the financial losses stemming from a cyberattack that allegedly caused $4 million in loss.
A judge has approved a $6.4 million settlement in a class action on behalf of Papua New Guinea workers against labour hire firm CoreStaff, despite the agreement allotting less than half the proceeds to group members.
The state of Victoria can't duck class action claims that failures in its hotel quarantine program caused businesses to suffer losses when stage three and four restrictions were put in place during the state's second wave of COVID-19 cases in 2020.
Spirit Super and Palisade Investment Partners have withdrawn their $1.2 billion bid to acquire the Port of Geelong after the ACCC said the deal could substantially lessen competition in Victoria for the supply of bulk cargo port services.
A judge has blasted Domino's for its obstructionism in an underpayments class action and promised to order the pizza franchise giant to hand over information on its stores to facilitate settlement.
Australian intellectual property firm IPH has acquired Canada-based Smart & Biggar, positioning both firms to offer clients global IP services.
A joint venture formed to fund class action litigation has lost its bid for declarations against one of its former shareholders after arguing its former bankrupt director “ineffectively” transferred half of his shares.
A barristers' clerk has reached a confidential agreement with a Melbourne-based chambers to resolve a lawsuit alleging she was fired for wanting to work from home.