In a case that hinges on the evidence of expert witnesses, the judge overseeing the class action over the 2011 Queensland floods has partly upheld an objection to a revised report by the state of Queensland’s expert regarding an error in the flood-modelling by the plaintiff’s expert witness.
Penfolds maker goes to court over ‘wine in a can’ patents
Potato wholesaler rejects ACCC’s ‘egregious’ contracts case
Myer stayed silent after CEO’s ‘cloud cuckoo land’ forecast, court told
Myer had an obligation to correct remarks by former CEO Bernie Brookes in 2014 that the department store expected increased profits the following year, because there was no reasonable basis for the statement, a court heard Wednesday at the start of trial in a shareholder class action alleging the company breached its disclosure obligations to the market.
High Court won’t hear Prysmian appeal of $3.5M cartel fine
Eclipx may face shareholder class action
Full Court questions restraint against class action lawyers
Westpac dodges ASIC bid for rogue trader chatter
Aristocrat mulls misleading conduct case against Ainsworth
Viterra wins Cargill sale docs after mid-trial revelation
Cargill has been ordered to turn over what it describes as “highly confidential” documents related to the possible sale of its malt business, a new revelation in the complex trial over claims Viterra fraudulently concealed crucial information when it sold malt producer Joe White Maltings to Cargill Australia in 2013 for $420 million.