A jury has found the former managing director of South Australian mining exploration company Golden Fields Resources guilty of two counts of insider trading, the corporate regulator said Tuesday.
Viterra is blaming several former employees for representations made about malt quality in the lead-up to the $420 million sale of its Joe White business to Cargill Australia in 2013.
Cargill has won court approval to amend its pleading against Viterra to include details of a law firm meeting in which Viterra executives allegedly made assurances that there were no quality issues with its malt, more than two months into the trial over the $420 million sale of Viterra’s Joe White Maltings business to Cargill in 2013.
Law firms need to focus as much on training lawyers on the art of resolving cases early, as they do on the art of litigation, Quinn Emanuel managing partner Michael Mills has told Lawyerly.
Myer had an obligation to correct remarks by former CEO Bernie Brookes in 2014 that the department store expected increased profits the following year, because there was no reasonable basis for the statement, a court heard Wednesday at the start of trial in a shareholder class action alleging the company breached its disclosure obligations to the market.
Cargill has been ordered to turn over what it describes as “highly confidential” documents related to the possible sale of its malt business, a new revelation in the complex trial over claims Viterra fraudulently concealed crucial information when it sold malt producer Joe White Maltings to Cargill Australia in 2013 for $420 million.
When US food giant Kraft faces off next week in its lawsuit against Aussie cheese company Bega for allegedly violating its peanut butter trade dress, the court will be faced with the thorny task of unraveling a complex corporate transaction that left both companies claiming rights to the iconic trade dress.
A settlement has been reached in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.
The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident’s former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.
A Sydney lawyer accused in a class action of conspiring with notorious conman Peter Foster in a fraudulent sports betting scheme that left investors $29 million out of pocket was taken in by Foster’s “psychological brilliance”, her barrister told a court Thursday.