Investors in Till Payments have won discovery for a possible suit over $43 million in alleged losses suffered after it was sold for just $47 million following a $200 million capital raise, with a judge rejecting arguments that the bid amounted to a royal commission.
A judge has said an 11-day trial in ASIC’s case against Solve My Debt Now will go ahead in December despite a third set of solicitors ceasing to act and no sign that the debt management firm will put on evidence.
Stockbroking firm Ord Minnett has overturned a judgment finding it owed years of wages and other entitlements to a wealth adviser who was only paid in commissions.
Hall & Wilcox has brought proceedings against accounting firm Pitcher Partners, alleging it breached its duty of care by providing negligent advice on late superannuation payments.
A cyber criminal has targeted a Qantas call centre that holds the records of six million customers, in an attack exposing a “significant” amount of data.
Singer Katy Perry has asked the High Court to uphold the Full Court’s decision to knock out the ‘Katie Perry’ mark of an Australian fashion designer, as it gears up to hear an appeal raising issues about the construction of key provisions of the Trade Marks Act.
The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products.
Real estate fund manager Dexus has sued wealth management firm AMP following a decision forcing it to sell its half of the $1.7 billion Macquarie Shopping Centre.
A receiver for collapsed developer Crown Group has sold the Sky Suites Sydney Hotel for a reported $68 million to a Singapore-based company.
Work on a slew of projects in preparation for the 2032 Olympic Games in Brisbane is set to kick into gear, after the federal government committed $3.435 billion for the city’s sports infrastructure, including a new 63,000-seat stadium in Victoria Park.