A court has upheld two decisions by the Australian Government Takeovers Panel that a bid by asset manager Aurora Funds Management to replace Molopo Energy’s directors was made in “unacceptable circumstances”.
Embattled Virgin Australia has entered voluntary administration after the Morrison government knocked back its plea for a $1.4 billion lifeline, the airline confirmed Tuesday.
Labour hire firm One Key Resources is facing an employment class action on behalf of casual coal mine workers who were allegedly denied annual leave and severance pay entitlements, the latest class action alleging workers have been misclassified as casuals.
Grocon has won a $1 million dispute with contractor Construction Profile over the construction of the $20 million Telstra Exchange project in Manly.
Two barristers facing professional misconduct allegations in relation to the Banksia securities class action submitted more than $2.65 million in legal bills without documentation more than five years after the class action was filed and may have done so at the behest of funder Mark Elliott, a court has heard.
Digital giants Google and Facebook will be required to pay for news content under a new mandatory code being developed by the Government to create a ‘level playing field’ in the Australian media industry, which is facing a sharp decline in advertising revenue driven by the coronavirus.
Agricultural giant Bayer can’t block an Australian herbicide maker from trade marking ‘Preceed’ for its products, with a delegate from the Trade Marks Office finding the mark was not deceptively similar to Bayer’s ‘Precept’ weed killer mark.
Target Australia is facing a possible class action for allegedly failing to pay staff overtime or penalties for time that they worked, two months after revealing it underpaid staff at its retail stores $9 million.
Communications software company Cellos Software has been awarded $42 million in damages from its former CEO and director Jason Huber, who secretly bought and sold millions of company shares for personal profit.
Defunct financial adviser Dover Financial has sued three separate law firms for allegedly negligent advice over a ‘client protection policy’ that the Federal Court found was misleading, deceptive and an “exercise in Orwellian doublespeak”.