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WiseTech’s Sydney office has been raided by federal police and the corporate regulator as part of an investigation into share trading by its billionaire chairman and founder Richard White and three others.
ASIC, eToro settlement falls through in novel CFD case
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Trial has kicked off in ASIC’s first-ever design and distribution suit over high-risk contracts for difference, after an in-principle agreement reached with investment company eToro fell through.
‘You’ve had long enough’: Judge pushes Telechoice class action on after failed talks
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The judge overseeing a class action against TeleChoice has told the parties to be “prepared to spend the money” to advance the case after settlement talks stalled, saying the court is “not going to allow this to drag on”.
Fortescue fails in push for seized docs from green iron start-up
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Andrew ‘Twiggy’ Forrest’s Fortescue can’t get access to nine million seized documents in its trade secrets spat against green iron start-up Element Zero.
Judge questions jurisdiction over Geocon’s $4M spat with development partners
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A judge wants answers on why builder Geocon has filed a $4 million construction dispute over two Canberra developments in the Federal Court, where a separate fight with its joint venture partners is playing out.
Centuria locks down 10-year Tesla lease, eyes new data centre
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Centuria has locked in a 10-year lease with Tesla at an industrial site in Derrimut, Victoria and is considering developing another data centre near an existing Telstra facility in the state.
‘Ingredients of a Grisham novel’: Judge won’t force MBA to produce docs
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The events described by an ex-Master Builders Association board member read like a best-seller, involving as they do boardroom drama, a secret investigation and an alleged whistleblower. But as thrilling as they sound, they don’t support orders for discovery against the construction lobby group, a judge has said.
Real estate agency can’t recoup advertising costs after writing ‘TBA’ in contract
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A real estate agency in Victoria has lost a suit seeking the payment of its advertising costs from a former client, with a judge finding that writing ‘TBA’ in the contract defeated the consumer protection purpose of rules for real estate agents.
Government fast-tracks approval for Western Downs BESS
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The federal government has approved a battery energy storage system in the Western Downs region in Queensland in just 19 days.
Janssen sues Juno over patent for schizophrenia drug Invega
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J&J-owned Janssen Pharmaceutica has sued Juno Pharmaceuticals, alleging the Australian off-patent drug maker is threatening to infringe its patent for a schizophrenia drug by seeking to list its own products on the PBS.