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.
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.
A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.
A judge has rejected the TWU’s request for the reinstatement of around 1,800 outsourced Qantas workers, finding it was inevitable that the airline would retrench the workers again as soon as lawfully possible.
IVF company Virtus Health has withdrawn its offer to acquire rival Adora Fertility from Healius, citing the competition regulator’s opposition to the takeover.
The former CEO and chairman of Antares Energy has been banned from managing corporations for four years and hit with a $40,000 penalty for failing to disclose to the market the buyer behind an ill-fated US$254 million acquisition of Texas oil assets.
Australia’s leading regional airline faces further litigation after an appeals court found it sent a threatening letter to prospective cadet pilots, urging them to stay in cheap, “inappropriate accommodation” in order to demonstrate their commitment to the company.
A judge has rejected a request for bail by NSW Labor Minister Ian Macdonald, Eddie Obeid and his son Moses as they appeal their convictions for conspiring to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.
A litigation funder has taken aim at a landmark judgment in an appeal of a ruling that found its funding arrangement with group members in a class action against Queensland energy suppliers was a managed investment scheme.
Payments processing company EML has been hit with a class action over its alleged failure to notify shareholders of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.
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