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A judge has refused to declare COVID-19 a force majeure event in a loss for Spanish infrastructure giant Acciona, which seeks to back out of a construction project for a $696 million Kwinana waste-to-energy plant.
Pitcher Partners denies giving bad advice on $2.5M Zap Fitness share buy-back
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Accounting firm Pitcher Partners has hit back at a lawsuit by the former owner of fitness franchise Zap Fitness claiming the firm failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.
Ex-Tesla Australia director pleads guilty to insider trading
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A former Tesla Motors Australia director has pleaded guilty to two counts of insider trading for acquiring shares in Piedmont Lithium based on insider information he had about an in-principle agreement the mining company had to supply lithium to Tesla.
Sukin accused of misleading consumers with carbon neutral labels
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Eco-conscious Australian skincare company Sukin has been hit with a lawsuit alleging it misled consumers by selling products labelled with a carbon neutral certification it did not hold.
Former van Eyk Research CEO sentenced over plot to keep control of firm
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Former CEO of failed van Eyk Research has been sentenced to 15 months’ imprisonment after admitting he breached his duties as director of a subsidiary to dishonestly retain control of the company.
Clive Palmer strikes out again in attempt to dodge criminal charges
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A judge has thrown out proceedings brought by mining magnate Clive Palmer in which he alleged an abuse of process by prosecutors and the Australian Securities and Investments Commission, finding that Palmer’s suits were themselves a “misuse of proceedings.”
Companies linked to Banksia class action fraudsters should pay up, court told
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Dead or broke, the class action lawyers who schemed to defraud investors in failed Banksia Securities should not escape a $21 million judgment for damages and costs, a court has heard.
Lawyer reprimanded for using firm letterhead to threaten suit on boyfriend’s behalf
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A solicitor of a national law firm has been reprimanded after falsely representing that the firm acted for her partner in a property dispute over $1,000.
Light rail class action plaintiffs want NSW on hook for litigation funder’s cut
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Businesses bringing a class action over Sydney’s $3 billion light rail project are pursuing a bold new claim that the NSW government pay not only for damages related to their nuisance claims, but for the 40 percent commission the litigation’s funder wants from a post-trial judgment.
A ‘sorry history’ of non-compliance: Judge tosses underpayments class action
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A judge has thrown out an underpayments class action against NSW not-for-profit Life Without Borders for failure to advance the case with due diligence and slapped the lead applicant with costs for his “unreasonable” acts during the course of the proceeding.