The Australian Securities and Investments Commission has dropped its probe into Blue Sky over possible violations of its continuous disclosure obligations, but the fund manager still faces three active shareholder class action investigations.
The Australian Securities and Investments Commission wants ASX-listed diamond mining company Merlin Diamonds wound up, expressing concerns about the company’s solvency and over $13 million in loans made to companies associated with Merlin’s director, Joseph Gutnick, without shareholder approval.
A judge has sent a dispute between oil giant Viva Energy and a Panama-based oil transporter over petroleum allegedly contaminated during transport into arbitration.
A battle over expert evidence in an invester class action against Fitch Ratings has delayed this month’s scheduled trial in the case by three months and forced the court to send the parties’ experts into conclaves.
Oil exploration company Paltar Petroleum will be wound up after a judge rejected a proposed deed of company arrangement as containing “too much uncertainty”.
A Chicago jury has ordered an Australian maker of ugg boots to pay US-based footwear company Deckers Outdoor US$450,000 ($643,000) in damages for infringing the company’s trade mark.
Two female academics who made complaints of bullying against the head of La Trobe University’s law school and were named in his legal action against the university over his subsequent suspension have lost a bid to keep their identities under wraps.
Private construction company Hutchinson Builders has resolved a lawsuit it brought against the Australian Competition and Consumer Commission seeking to quash what it called an invalid notice to produce documents to the regulator, which has vowed to bring cases against the construction industry this year.
A judge has consolidated two shareholder class actions brought against chain logistics company Brambles by Slater & Gordon and Maurice Blackburn, despite the rival firms failing to reach an agreement on the terms of the consolidation following a judge’s criticism of the class action “beauty parade”.
A judge has approved funding terms in a shareholder class action against facility services company Spotless Group under which the funders will get no more than 25 percent of any net settlement or judgment.