A Melbourne man has been sentenced to 18 months imprisonment after pleading guilty to trading while in possession of inside information in advance of Westfarmers’ $776 million acquisition of lithium company Kidman Resources in 2019.
A judge has found a director of defunct IT company Novo breached his duty to prevent the company from trading while insolvent, but has stopped short of ordering damages, or making findings he breached other duties.
Brisbane Airport has lost its bid for information about government-owned Airservices’ handling of PFAS at other airports, in their $690 million dispute over use of the chemicals at the Queensland airport.
Liquidators of defunct investment firm Keystone Asset Management have won expanded freezing orders to cover property up to $158 million in the name of developer Robert Filippini and family members.
Proval Renewables has filed a lawsuit against renewables company May Brothers Holdings, seeking to hold it to an agreement to make commission payments of $4.5 million on a $50 million solar project.
A theme park manufacturer contracted by Dreamworld to undertake $5 million in works has won a challenge to an adjudicator’s decision that found a payment claim was invalid because the company didn’t have a building licence.
Pinsent Masons has lured a PwC partner to bolster its energy offering in Melbourne.
The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was “staggeringly large”.
Another judge has railed against the use of generative AI in court proceedings, after a self-represented litigant filed an application to annul his bankruptcy that was replete with fake citations.
A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform.
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