A failed class action against Queensland utilities Stanwell and CS Energy can’t delay payment of what might be in excess of $30 million in defence costs while it pursues an appeal, but has dodged a penalty for running a case the companies said was hopeless.
A failed competition class action by Queensland electricity customers accusing utility companies Stanwell and CS Energy of misusing their market power has been appealed to the Full Court.
ASIC has lost its bid to pause the latest case brought by billionaire Clive Palmer, which alleges compulsory examinations that underpinned a criminal case against him were undertaken for an improper purpose.
A competition class action against Stanwell and CS Energy has been tossed, with a judge finding the power companies’ conduct was legitimate “profit maximisation behaviour”.
The CDPP and ASIC have succeeded in staying Clive Palmer’s case challenging the lawfulness of a seven-year-old examination, with a judge finding it would fragment criminal cases against the mining magnate.
The CDPP has complained about being brought back to court “again and again” to deal with Clive Palmer’s complaints about a compulsory examination by ASIC, as the corporate regulator seeks to have his case challenging the lawfulness of the seven year-old examination thrown out as an abuse of process.
The High Court will not hear mining magnate Clive Palmer’s challenge to a court’s finding that lawsuits he brought challenging two criminal cases against him over a takeover bid and alleged payments to his political party were an abuse of process and should be stayed.
The corporate regulator is seeking to stay proceedings brought by Clive Palmer challenging the lawfulness of a seven year-old compulsory examination being used in a criminal case against him, arguing the billionaire’s litigation is an abuse of process.