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The Australasian Centre for Corporate Responsibility has appealed the dismissal of its greenwashing case alleging Santos misled investors by falsely representing that it had a plausible path to net zero by 2040.
‘Implausible’ that Australia lied about live exports ban, court told
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The Commonwealth has hit back at a class action’s appeal over the government’s 2011 live exports ban, denying that it lied to an Indonesian minister about the ban.
Dexus to quiz APAC chair ahead of trial in airport shareholder row
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Dexus can question APAC’s chair on the material relied on by the Melbourne Airport operator in issuing a default notice requiring the real estate asset manager to sell its stake, ahead of trial in a fight over the validity of the notice.
Nickel mine shareholders to pursue funders in case over aborted $70M sale
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After a win in their spat over the sale of Brazil’s Santa Rita nickel mine, two Australian companies who held all shares in the mine’s owner, Atlantic Nickel, may seek costs against Omni Bridgeway and Balance REV, the litigation funders of the loser in the case.
Glenvill Constructions charged with breaching building insurance laws
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Victoria’s construction regulator has charged builder Glenvill Construction with breaching new laws requiring builders to hold a domestic building insurance policy before receiving deposits for contracts.
Modco liquidators escape dismissal bid but must pay costs after 10-month delay
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Liquidators for defunct residential builder Modco have defeated a summary dismissal bid in a case over unfair preference payments but have been ordered to pay indemnity costs after 10 months passed without them taking a step in the proceeding.
GrainCorp loses bid for security in property owners’ nuisance suit
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A class action by property owners near a GrainCorp factory in rural Victoria has defeated the company’s bid for security for costs, with a judge finding the orders would stultify the proceedings.
Director can’t escape Symich Building liquidator’s examination despite fear of stroke
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A director can’t escape an oral examination by the liquidator of collapsed construction company Symich Building on medical grounds, with a judge saying the doctor who certified her as unfit seemed to misunderstand that examinations are “adversarial in nature”.
Takeovers Panel says Humm misled investors about proposed acquisition
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The Takeovers Panel has found that statements made by fintech Humm and its former chairman about a takeover bid by Credit Corp Group misled investors.
Scenic Tours denies overseas cruise passengers have claims against it
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Scenic Tours Australia has denied it provided services to international passengers, in a class action over a 2018 European cruise where river levels dropped so low they became impassable.