eSense directors cop $190,000 penalty over defamatory letters, ASX statements

Posted on by Bianca Hrovat
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The former directors of an Isreali life sciences company have been hit with $190,000 in damages after a judge found they maliciously defamed a former colleague in a series of ASX announcements and letters.

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ALP loses challenge to federal takeover ahead of election

Posted on by Sam Matthews
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Members of the Victorian Labor party and associated unions have lost a bid to overturn a judge’s finding that the pre-selection of ALP candidates in Victorian electorates by federal administrators during their takeover of the state party was lawful.

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Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt

Posted on by Christine Caulfield
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A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.

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Mayfair’s ex-lawyers may fight claim that ‘flagrant incompetence’ led to court loss

Posted on by Bianca Hrovat
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Former legal representatives of companies in the Mayfair 101 group are considering an application to strike out part of an appeal that alleges their “flagrant incompetence” led to director James Mawhinney copping a 20-year ban on soliciting investor funds.

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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements

Posted on by Sam Matthews
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Logistics company GetSwift will argue on appeal that a judge who found the company took a “PR-driven approach” to ASX statements was wrong in his assessment of whether those statements contained material omissions.

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High Court won’t save Lex Greensill from tax on $58M in capital gains

Posted on by Cat Fredenburgh
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The High Court has shot down Greensill founder Lex Greensill’s bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.

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Qantas decision to outsource staff not linked to strike action threat, court told

Posted on by Miklos Bolza
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A decision by Qantas to outsource its ground staff was not timed to head off industrial action by the Transport Workers’ Union, the Full Federal Court has heard as the airline seeks to overturn a finding that it engaged in adverse action when it terminated around 1,800 employees last year.

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ACCC weighs ‘mix and match’ sell-off in Cargotec, Konecranes merger

Posted on by Sam Matthews
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The Australian Competition and Consumer Commission is weighing court enforceable undertakings proposed by Finnish cargo handling companies Cargotec and Konecranes to alleviate concerns their merger would be anticompetitive.

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