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The company behind the Ultimate Fighting Championship gym franchise has been ordered to pay $5 million to three franchisees after a judge found it misled them about businesses which were “near valueless” and unlikely to make profit.
One of the two remaining class actions against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country has settled for $132.7 million on the eve of trial, with the final case going back to mediation.
Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.
PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.
A Dutch renewable energy company has brought proceedings in the Federal Court to enforce a $472 million arbitration award against Spain over changes to its energy policies, after the country lost a similar case in the High Court.
An appeals court has shot down funder Augusta's challenge to a decision that cut its commission in the Opal Tower class action, putting funders on notice that they will have to marshal compelling evidence to win approval for their returns from an increasingly watchful court.
A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.
The University of Technology Sydney will backpay staff more than $4.4 million, plus $1.3 million in superannuation and interest, after agreeing to an enforceable undertaking with the Fair Work Ombudsman.