A week before WorleyParson’s CEO promised shareholders net profits in excess of $322 million for the 2014 financial year, the engineering group’s global finance director told its CFO that the company’s earnings targets were “a stretch”, according to an email uncovered in a shareholder class action.
The judge overseeing the GetSwift class action proceedings was bent on picking a winner from the outset and should be removed from the case for rehearing, a barrister for one of the losing law firms told the Full Federal Court Monday.
A Big W worker whose on-the-job injury caused her chronic leg and back pain has won $543,000 in damages against Woolworths after the company admitted breaching its duty to the teenager.
A cane farmer in his 80’s suffering from Alzheimer’s disease will get $6.6 million back that he invested in a failed technology venture, after a judge found the private equity company that arranged the investment exploited the man’s disability.
US lingerie company Victoria’s Secret has brought a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products, ahead of the much-anticipated launch of its first store in Australia.
The consumer watchdog has filed enforcement action against grain supplier Seednet, alleging the company misled farmers about the quality of its newest barley variety.
Unlockd says its close to finalising litigation funding to pursue its competition case against Google, but the September trial date has been pushed back as the search engine demands a show of proof that the failed startup can pay up if the case goes Google’s way.
ACCC chair Rod Sims has warned the regulator is ready to take on any anti-competitive behaviour it uncovers during a phase-two merger review.
Ophthalmic diagnostic device maker ObjectiVision’s amended claims for damages, filed after a 25-day patent hearing, are “outlandish” and “unfair,” the University of Sydney has told the Federal Court.
Settlements totaling $39 million have been reached in two class actions against the former trustee of failed investment groups LKM Capital and GR Finance.
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