Defunct investment firm Blue Sky has denied a class action’s claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.
A class action over the Victorian government’s decision to redevelop the state’s public housing towers has asked the court for an injunction blocking demolition of three towers in inner city Melbourne, as the state foreshadows a bid to summarily dismiss the case.
Telecommunications giant SingTel has lost its challenge a ruling in favour of the ATO’s decision to reject over $894,000 in tax deductions related to its $14.2 billion acquisition of Optus.
A judge will allow the erstwhile funder of a settled underpayments class action against recruitment agency Hays to argue it should be allowed to recover against group members who signed a funding agreement several years ago, but said the claim was “not worth spending a vast amount of money on” and warned the funder against turning the case into a “circus”.
ASIC has banned mining magnate Joseph ‘Diamond Joe’ Gutnick from managing corporations for four years because of his involvement in three companies that went under owing at least $43 million to creditors.
A judge has railed against the parties in a class action against Sydney-based plastic surgeon Daniel Lanzer and four of his associates for “repeated failure to comply with court orders” in the two-year-old case.
Telstra has successfully appealed a decision holding it liable for a $2.6 million telecommunications bungle at a Melbourne-based telemarketing business, with a judge finding it was entitled to rely on the expertise of business partner Kyrtec.
The leader of an abusive New Age cult operating out of northern NSW has lost her defamation case against a former follower who wrote a tell-all book about her experiences, after a judge found she was a “dishonest and unreliable” witness.
A Melbourne lawyer has received a suspended sentence of 30 days imprisonment for “stubborn and wilful disobedience” of court orders, after he failed to share logins and passwords to his firm’s computer records with an auditor appointed by Victoria’s legal watchdog.
Optus has paid a $1.5 million penalty after an investigation by the Australian Communications and Media Authority revealed breaches of public safety rules.