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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.
Careers Australia directors face insolvent trading case over $40M dividend
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The liquidator of collapsed vocational education provider Careers Australia has filed a lawsuit against the company’s former directors, including founding CEO of Optus Robert Mansfield, seeking damages for alleged insolvent trading and breach of directors’ duties over a $40 million dividend the company allegedly could not afford.
IP holding company in dispute with Apple wins case over biosecurity patents
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A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.