Oil company ExxonMobil has appealed decisions by the Australian Taxation Office to refuse deductions on profits from the sale of petrol from the largest oil field in Australia, claiming its taxable profits over four years should be reduced by $181.8 million.
Compliance and legal specialist Sophie Grace has rejected allegations it was responsible for defunct forex trader Gallop International Groupâs collapse after it allegedly loaned $15.4 million in investor funds to the companyâs director in Hong Kong.
Last year brought economic growth and success for law firms, but 2021 was not only marked with good news. A slew of law firms were dragged into litigation by disgruntled ex-clients, with some paying out millions of dollars to resolve lawsuits accusing them of giving bad advice.
Snack food company Intersnack Australia has hit AIG Insurance with a lawsuit, claiming the insurer wrongly refused to cover $3 million in losses caused by an employee who allegedly gave out unauthorised discounts.
Two investors have successfully challenged a ruling that threw out their defamation case against a former colleague, with a Federal Court judge saying the primary judgeâs findings were âunsoundâ and âillogicalâ.
A former head of medical at Sanofi-Aventis has sued the Australian branch of the pharmaceutical giant, claiming he was unfairly dismissed in a “‘sham redundancyâ and faced discrimination because of his age and disabilities.
Forum Finance director Bill Papasâ cousin has hit back at Westpacâs allegations he wrongfully received $720,000 from the alleged fraudster in violation of freezing orders made in the bankâs lawsuit, which seeks to recoup $294 million paid into an alleged fraudulent scheme.
The liquidator of collapsed vocational education provider Careers Australia has filed a lawsuit against the companyâs former directors, including founding CEO of Optus Robert Mansfield, seeking damages for alleged insolvent trading and breach of directorsâ duties over a $40 million dividend the company allegedly could not afford.
A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.
Apple has fired back in a lawsuit alleging its iPhone and iPad devices equipped with Touch ID and Face ID technology infringe patents held by an Australian non-practicing entity, hitting the company with its own case claiming the patents are invalid.