The former managing director of property developer Ralan Group could face up to 60 years in prison after pleading guilty to six fraud offences over loans the defunct corporate group took out to fund several projects in Sydney.
A class action against Philips Electronics over recalled sleep apnea machines is likely to proceed with a new lead applicant and law firm after the solicitor on record decided the case was not viable.
Financial services provider Pioneer Credit has taken auditor PwC to court, claiming $32 million in loss and damages over its advice on how the company should value its financial assets.
A Tiwi Island traditional owner has brought fresh legal action against Santos, seeking to block the energy giant from building its Barossa gas export pipeline without a proper assessment of the risks to cultural heritage.
In a shareholder class action targeting Boral, the construction materials giant has lost a bid to limit the class to registered group members until judgment, with a judge saying there was no reason to keep the class closed after mediation.
Trial in a defamation suit by Mayfair 101 founder James Mawhinney over a media release issued by ASIC has been pushed off until the outcome of the regulator’s second go against the investment spruiker.
A judge has thrown out a lawsuit over the $55 million sale of Queensland shopping centre brought by an arm of Elanor Investors Group, clearing the vendor and its agent of allegedly misleading or deceptive conduct.
Carnival has pointed the finger at passengers in response to a class action over norovirus outbreaks on its Sun Princess cruise ship, a defence that recently flopped in a separate class action over a COVID-19 outbreak aboard Ruby Princess.
An IP Australia has knocked back PayPal’s bid to patent an AI-powered model for making purchase or donation recommendations to online shoppers at checkout, rejecting simplistic considerations of AI-related inventions.
Two units of electricity giant AGL Energy will pay penalties totalling $6 million for being unable to make good on their promise to be on standby to release electricity to help prevent blackouts.