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A jury has found the former managing director of South Australian mining exploration company Golden Fields Resources guilty of two counts of insider trading, the corporate regulator said Tuesday.
Securency must pay $64M after ‘shabby fraud’ on businessman
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Plastic banknote company Securency has been ordered to pay more than $64 million after it tricked its agent in Nigeria into signing away his commission in what the Federal Court called a “shabby fraud”.
Appco can’t put brakes on ‘sham contracting’ class action
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Fundraising company Appco Group Australia has failed in its bid to put a massive sham contracting class action in the Federal Court on hold while it fights a ruling that let the case continue as a representative proceeding.
Lawyer’s bungled court filing dooms helicopter injury case
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A helicopter passenger who suffered serious injuries in an accident near Alice Springs has lost a challenge to the dismissal of his case, with an appeals court ruling a Slater & Gordon lawyer’s defective statement of claim — lodged on the last day of the limitations period — was not accepted by a registry of the Northern Territory Supreme Court.
ACCC lost cartel case because Loyal, Cascade were not competitors, judge rules
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The two coal companies at the centre of an ACCC case alleging an unlawful agreement to rig the tender process for mining exploration licenses were not competitors, a judge has ruled in dismissing the watchdog’s cartel case.
Parties in AMS pelvic mesh class action promise streamlined approach
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Lawyers on both sides of the class action against American Medical Services over pelvic mesh implants have taken steps to ensure the case proceeds with greater efficiency than the pelvic mesh class action against Johnson & Johnson, which went to an 89-day trial five years after that case was filed.
Judge overlooked crucial evidence in Nurofen case, Full Court hears
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A Federal Court judge skipped vital witness testimony when he ruled Reckitt Benckiser misled consumers about the effectiveness of its Nurofen painkiller, the pharmaceutical company told the Full Federal Court Monday.
Viterra points finger at ex-employees in trial over $420M Joe White sale
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Viterra is blaming several former employees for representations made about malt quality in the lead-up to the $420 million sale of its Joe White business to Cargill Australia in 2013.
‘Loose with the truth’ broker to get High Court’s ear
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The High Court has granted special leave to appeal a lifelong ASIC ban to a broker a judge once described as “loose with the truth” and as carrying a “massive bag of dishonest conduct” with him.
Murray Goulburn faces second class action over profit downgrade
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Milk supplier Murray Goulburn has been hit with a second class action over its profit forecast revision in 2016 that wiped 40 percent off the dairy cooperative’s investment value.