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Insolvency firm Cor Cordis says its ex-chair’s claims that it "confected" reductions to its work in progress to avoid paying his full retirement entitlements should be struck out.
Melbourne stockbroker Fortrend Securities has lost its bid to stay orders that it pay $621,000 in compensation and penalties as well as $2 million in legal costs after two financial advisers who jumped ship to Shaw & Partners won their case over withheld bonuses.
A former EY partner has lost his appeal in a fight with National Tiles over an alleged $1 million lost opportunity to acquire shares, despite the court finding the tiling retailer breached the cooperation terms of the agreement.
Construction PRO
Victoria’s State Revenue Office has lost its challenge to a decision for shopping centre landlord Vicinity Funds, which quashed a $82.5 million stamp duty assessment on land occupied by Myer and the Lonsdale St Emporium.
A shareholder class action against Arrium directors and auditor KPMG over the $4 billion collapse of the steel manufacturer is seeking to amend its case, saying a “misreading” of the original pleading is no basis to refuse the application.
Auditor BDO has asked the court to stay ASX-listed software company Dubber’s negligence suit over $26.6 million in alleged missing funds while a parallel case by ASIC over alleged false and misleading financial reports is on foot.
A class action against developer Mulpha Norwest and the Penrith City Council over a 683-lot development in Glenmore Park will include secondary and tertiary purchasers, a court has heard.
In the largest lawsuit it has ever brought, the Commonwealth has sued 3M for over $2 billion in damages for the costs of remediating PFAS contamination stemming from the use of the company's firefighting foam at 28 Defence bases.
Star's former group general counsel has told a judge she should not have to pay a $1.1 million fine for breaching her directors duties because she has suffered “extra-curial detriment” that includes unemployment.
Construction PRO
The operator of a planned private hospital in Townsville has lost a strike-out bid in a lawsuit alleging landowner Centuria Healthcare and developer Lautaret failed to carry out construction in accordance with a lease agreement.