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The a2 Milk Company is facing the prospect of a second shareholder class action over its 2021 financial guidance and subsequent downgrades following Slater & Gordon’s case earlier this month.
Ian Macdonald, Obeids sentenced to jail time for bid-rigging conspiracy
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Former NSW Labor Minister Ian Macdonald has been sentenced to at least five years in prison, and Eddie Obeid and his son Moses will go to jail for a non parole period of three years for their conspiracy to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.
ATO, Raptis Group to enter ‘commercial discussions’ in $110M tax case
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The Australian Taxation Office will have “commercial discussions” with Gold Coast property developer James Raptis before deciding whether to seek summary judgment in a case over $109.5 million in alleged tax avoidance.
Worker’s rejection of ‘derisory’ $100 settlement offer not unreasonable, judge finds
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A rejected $100 offer of compromise was not sufficient to warrant a costs order to a Queensland automotive company after it succeeded in Fair Work proceedings brought by a former contractor, a judge has found.
Tyro hit with class action over terminal outage
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Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.
Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
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A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.
Arrest warrant issued for Forum founder Bill Papas
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The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.
Social media surgeon seeks urgent injunction ahead of Four Corners episode
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A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.
AMP, Willis Towers Watson locked in multimillion-dollar Sydney CBD rental dispute
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AMP has taken the insurance arm of Willis Towers Watson to court to try to force it to stick to an alleged promise to rent two floors in a central Sydney commercial block that was made just before the start of the COVID-19 pandemic.
CIMIC spars with insurers over coverage for Iraq bribery cases
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Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.