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.
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.
A judge has rejected a request to discontinue a class action on behalf of investors in failed music streaming platform Guvera, saying it was “difficult to understand” why the applicants had launched the case as a class action in the first place.
Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.
Franchise giant Retail Food Group has been hit with a class action on behalf of current and former franchisees of the company’s Michel’s Patisserie brand.
German luxury car maker Mercedes-Benz has been hit with a $650 million lawsuit by Australian dealers over the company’s decision to change to a fixed-price agency model.
The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a “concerted campaign” that lasted two years.
IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.
The CEO and founder of Euro Pacific Bank, Peter Schiff, has launched a defamation lawsuit against the Nine Network over a 60 Minutes episode that allegedly implied he “facilitated the theft of millions of dollars from the Australian people” by assisting customers to commit offshore tax fraud.
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