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EY nears settlement in negligence case over Coca-Cola Amatil sale of SPC
EY has reached an in-principle settlement in a case brought by Melbourne-based joint venture Shepparton Partners Collective alleging the consulting giant was negligent, but the firm copped a dressing down from a judge on Thursday for asking him to keep its motion to toss the case on ice.
Ex-Rentokil employee’s assets frozen over alleged $3.2M invoice fraud
Pest control company Rentokil has won an urgent bid to freeze its former supply manager’s assets after he allegedly stole $3.2 million from the company by creating false invoices on his work laptop.
Concrete company knew of prior Opal Tower failure, class action cross-claim alleges
Prefab concrete company Evolution Precast Systems failed to install reinforced concrete in Sydney's ill-fated Opal Tower and knew about a prior failure with one of the building's panels, engineer WSP Structures alleges in a cross-claim lobbed in a class action on behalf of residents of the tower.
Puma launches appeal against Caterpillar trade mark decision
Sportswear brand Puma has launched an appeal against a Federal Court decision that found it’s ‘Procat’ trade mark was deceptively similar to US machinery manufacturer Caterpillar’s CAT marks.
ME Bank could face $100M penalty in first of its kind criminal prosecution
Members Equity Bank faces a potential multi-million dollar fine if it is found guilty of misleading home loan customers in the first criminal prosecution under the consumer protection provision of the ASIC Act to be tried in the Federal Court.
The Star accuses ATO of breaching settlement agreement
The Star Entertainment Group has filed court proceedings against the Australian Taxation Office seeking to have interest charges on a tax bill cancelled, saying the ATO acted “unfairly” by not adhering to the terms of a 2001 settlement agreement.
Mineralogy appeals ruling tossing suit as ‘ill-disguised’ attack on ASIC
Clive Palmer's Mineralogy has appealed a ruling tossing a lawsuit it brought against ASIC, which a judge called an "ill-disguised collateral attack" on the regulator for criminal proceedings against the billionaire mining magnate over $12 million in payments made to his political party in 2013.
Car makers to pay $52M to settle Takata airbags class actions
Six of the world's largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.
Boral denies loss claims in shareholder class action
Boral has denied that shareholders bringing two class actions against it over financial irregularities in its North America windows business suffered any loss, saying that its systems helped spot and prevent the financial manipulation from continuing.
Allianz loses bid for class action beauty parade
A judge has signed off on a proposal by two law firms to jointly run a consolidated class action against Allianz over add-on car insurance, shooting down the insurer's argument that a beauty contest would promote competitive contingency fee rates.