Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.
The liquidators of Mayfairâs failed IPO Wealth Holdings have won their bid to question the fundâs former director, James Mawhinney, for the eighth time over assets that could provide âsignificant potential recoveriesâ for shareholders.
Burger giant Hungry Jack’s has lost its bid to have McDonald’s hand over test results showing the âpre-cookedâ weight of its Big Mac beef patties, with a judge finding they were not relevant to whether the rivalâs Big Jack burger had 25 per cent âmore Aussie beefâ.
Construction company Delcon Civil is facing a lawsuit by a subcontractor seeking over $3.4 million in damages for alleged breach of contract relating to work on the North East Link project.
A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was âinadequateâ while the competition regulator ran a cartel probe into ANZâs $2.5 billion share placement in 2016.
The Full Federal Court has shot down plumbing company Repipeâs appeal of a decision rejecting its innovation patents for a claimed computer-implemented invention, saying it only addressed issues in business operations rather than improving on computer technology.
The Australian Competition and Consumer Commission has launched proceedings against online book retailer Booktopia for allegedly making false or misleading statements about consumers’ rights to refunds for faulty books.
The liquidator of collapsed app-development firm Appster has filed a lawsuit against the companyâs founders seeking $12 million in compensation for alleged insolvent trading.
The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellisâ request for court permission to manage another company, saying he should wait until the ACCCâs price-fixing case against him has been decided.
The High Court has granted the ATOâs bid to impose a worldwide freezing order against Chinese property developer Changran Huang, saying the courtâs power to freeze assets did not depend on whether there was a realistic possibility of enforcing a judgment in a foreign jurisdiction.