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Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.
ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.
Construction PRO
The corporate regulator has launched proceedings to wind up a company in the steel empire of billionaire Sanjeev Gupta for its failure to lodge financial reports for four years.
The consumer watchdog has raised concerns about rising prices and unregulated airport charges amid significant infrastructure investment and record revenue at the nation's busiest airports.
A former IP Australia patent examiner has lost his latest appeal of a Fair Work Commission decision that found he was not forced to resign from his job.
A University of NSW employee has lost her bid to work exclusively from home to care for her young child, with the Fair Work Commission saying her request for a flexible work arrangement, while “reasonable”, was invalid under the Fair Work Act.
The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.
ASIC has filed proceedings against Auto & General, alleging tens of thousands of Budget Direct customers lost discounts they were promised and were overcharged premiums for several years.
Construction PRO
The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.