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Retail giant Cotton On has hit back at allegations of copyright infringement, highlighting the prevalence of copying in the fashion industry.
Nimble Money beats back shareholder bid to peek at books
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Payday lender Nimble has succeeded in blocking its largest shareholder from accessing company documents relating to an impending debt refinance, with a judge finding the company’s financial woes were due to COVID-19 and not improper conduct by management.
Ford hit with penalty over Mustang Mach 1 performance claims
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US car giant Ford Motor has copped a $53,000 penalty for allegedly misleading consumers about the performance features of its pricey Mustang Mach 1 sports car.
Judge ‘taken aback’ by Maddocks’ settlement stance in $30M negligence case
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Law firm Maddocks has been ordered to pay more than $1.4 million in indemnity costs for “throwing good money after bad” in failing to consider a settlement offer in a negligence lawsuit over a client’s botched deal with Woolworths.
Judge criticises ASIC for treating orders in Westpac case like ‘traffic lights in Naples’
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A judge has criticised the Australian Securities and Investments Commission for treating timetabling orders in its insider trading case against Westpac over a $16 billion interest rate swap as though they were “traffic lights in Naples”.
Forum liquidators sue to wind up entity that got $2.6M in Bill Papas ‘loans’
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Forum Group’s liquidators are seeking to wind up an entity owned by founder Bill Papas that received over $2.6 in “loans” from the alleged fraudster, as they work to recoup almost $400 million allegedly defrauded from three banks.
SingTel loses transfer pricing dispute with ATO over $14.2B Optus acquisition
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Singapore telecommunications giant SingTel cannot claim over $894 million in tax deductible “transfer pricing benefits” for interest paid by a cross-border subsidiary on a loan for the $14.2 billion acquisition of Optus, the Federal Court has ruled.
Ralan boss to face public grilling by construction group’s liquidators
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The founder of construction giant Ralan Group will face public examination in the Federal Court as liquidators continue their investigations into the company’s $561 million collapse.
Full Court to hear Dutton defamation case over ‘rape apologist’ tweet
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Refugee activist Shane Bazzi has appealed a defamation judgment ordering him to pay $35,000 in damages to Peter Dutton over a tweet which accused the defence minister of being a rape apologist.
Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
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General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker’s “speculative” argument that it would be prejudiced by further lawsuits after the class action was finalised.