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Slater & Gordon is poised for new leadership, with chair James MacKenzie and two other directors set to depart in the wake of a scandal that saw all staff salaries disclosed in a firm-wide email.
ASIC takes Equity Trustees to court over Keystone’s defunct Shield fund
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The corporate regulator has brought its first action targeting a superannuation trustee as part of a wide-ranging investigation to claw back $480 million pumped into Keystone’s failed Shield Master Fund.
Fonterra, Bega settle row over licences in wake of $3.8B sale to Lactalis
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Fonterra said Tuesday it had settled a dispute with Bega Cheese over the status of lucrative licence agreements as part of a $3.8 billion sale of its Australian business to French dairy company Lactalis.
Uber did not conspire to take out TaxiApps, court says
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TaxiApps, the operator of the GoCatch rideshare app, has failed to prove that Uber engaged in an unlawful conspiracy, despite a judge finding the rideshare giant intended to harm the defunct taxi app and “surreptitiously” obtained a confidential driver list.
Privilege fight erupts in Greensill case over email repeating Ashurst advice
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Lender White Oak has argued it can shield an email that repeats legal advice from Ashurst that was accidentally disclosed to insurers Bond & Credit Company and Tokio Marine, which it has sued over the collapse of supply chain finance company Greensill.
Wiggles CEO axed after complaints about group leader Anthony Field: suit
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The Wiggles former CEO says he was axed from his role with the children’s music sensation after complaining about the group’s leader, Anthony Field, who allegedly doled out bonuses to friends and relatives and “undermined” him.
Global Capital directors accused of breaching duties over $50M beachfront development
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The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.
Developer wants to exit cladding class action to bring own case against Halifax
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A Sydney developer has launched a bid to opt out as a group member of a combustible cladding class action against 3A Composites and Halifax to bring its own “copy” of the case.
Subcontractor wants court OK to pursue SOPA claim against Roberts Co
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Plumbing company Flowmotion has brought a court application seeking the OK to pursue a payment claim against the Victorian unit of builder Roberts Co, which entered administration five months ago.
Ki Corporation, Public Storage pull $2.2B offer for Abacus Storage King
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A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.