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ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.
Crown’s $73M shareholder class action settlement wins court OK
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A court has approved Crown Resorts’ $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff’s law firm.
UK class action firm Pogust Goodhead closes Sydney office
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A year and a half after moving into the Australian class action market with an $835 million war chest, UK plaintiffs firm Pogust Goodhead has quietly closed its Sydney office.
ACMA to look at Singtel’s investment in Optus network after Triple Zero failure
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ACMA has kicked off an investigation into a 13-hour Optus Triple Zero outage connected to three deaths in two states, promising to look at Singapore-based parent company’s Singtel’s investment in the company’s network and reporting systems.
Wiggles CEO ‘failed to appreciate’ that founders had creative control, defence says
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Children’s music juggernaut The Wiggles denies claims in an adverse action case by its former CEO and says he was axed because he lost the trust of Captain Feathersword and the gang.
Target, Kmart accused of selling knock-off Van Cleef jewellery
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The owner of luxury brand Van Cleef & Arpels has taken retailers Target and Kmart to court, alleging they infringed its trade marks and violated consumer law by selling jewellery that copy its hallmark clover and flower motifs worn by countless celebrities and royalty.
EVP drags share sale parties into case against Strongroom AI
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Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Builder Devakon hit with $120K judgment for defects in Malvern development
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Builder Devakon has been ordered to pay $120,000 to remedy defects in an apartment development in the Melbourne suburb of Malvern East, dodging the owners’ bid for damages of almost $1 million.
Cobolt fights Duke developer’s recourse to security in feud over project
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The builder of the Duke apartment complex in the inner city Melbourne suburb of Collingwood wants a court to block the property developer from accessing a bank guarantee as their dispute over the project continues.
Santos must hand over info in activist’s challenge to Reindeer gas field plan
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Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.