Car dealers that brought a class action against General Motors over its decision to retire the Holden brand in Australia are refuting the car maker’s claims that they did not mitigate their alleged losses, telling the court they signed 1-year support agreements which GM has yet to execute.
A judge has vacated an upcoming trial in shareholder class actions against former Quintis director Frank Wilson and Ernst & Young, after learning judgment in similar ASIC proceedings against Wilson will not be delivered before the class action hearing kicks off.
The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a âmassive fallâ in its share price.
The High Court has unanimously dismissed Western Powerâs challenge to a judgment which found the state-owned electricity supplier breached its duty of care to inspect power poles on private land and was partly liable for property damage from the 2014 Perth Hills bushfire.
A judge has refused to declare COVID-19 a force majeure event in a loss for Spanish infrastructure giant Acciona, which seeks to back out of a construction project for a $696 million Kwinana waste-to-energy plant.
A judge has tossed a brokerâs lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned brokerâs trail book.
A Federal Court judge has recused himself from hearing a fraud trial against Forum Finance, after expressing that he had an âunfavourableâ impression of director Vince Tesoriero’s reliability as a witness.
A shareholder class action against Ernst & Young over its alleged inflation of assets owned by sandalwood producer Quintis has argued the accounting firm should be allowed only one expert witness, who should collaborate with a competing expert chosen by the investors.
A judge has granted a bid by the operator of Sydneyâs billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.
Bill Papas’ business partner Vince Tesoriero has won the release of $1.25 million to pay for his legal fees in Westpacâs fraud case against him, despite a judgeâs finding that disclosure concerning his true financial position was âless than idealâ and included âstaggeringâ discrepancies.