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Liquidators want $6M from directors of failed Gold Coast asset manager
Two former directors of defunct Gold Coast asset manager Avestra are facing a lawsuit from the company's liquidators seeking to recover $6 million in alleged losses by three of the company's managed investment schemes.
Search warrant authorising AFP raid on ABC valid, court rules
The Australian Broadcasting Corporation has lost its challenge to an Australian Federal Police search warrant authorising a raid on the broadcaster's Sydney headquarters last year.
Google may face class action over anonymous reviews
Search giant Google may face a class action by disgruntled business owners seeking compensation for loss and damage they claim has been caused by anonymous negative online reviews.
Judge overstepped in accepting Pacific National undertaking, ACCC tells appeals court
The judge who dismissed the ACCC's challenge to Pacific National's acquisition of Aurizon's Acacia Ridge Terminal in Queensland had no power to accept an undertaking by the rail operator as an answer to the competition regulator's case, an appeals court has been told.
Judge allows docs despite ‘real risk’ of prosecution for ex-Directed Electronics manager
A former manager of Australian electronics automotive developer Directed Electronics OE has failed to block access to certain documents in a corporate theft case, despite the Federal Court finding they gave rise to a "real and appreciable risk" of civil or criminal prosecution against him.
Clive Palmer wins some, loses some in ongoing feud with CITIC over Sino Iron mine
Clive Palmer and his company Mineralogy have survived a High Court challenge by Hong-Kong based CITIC to a ruling that put it on the hook for at least $224 million in unpaid royalties from producton at the Sino Iro mine, but a related $297 million suit by Palmer against the Chinese conglomerate has flopped.
High Court declines to weigh in on insurance coverage for $6M class action settlement
The High Court has declined two insurers' request for review of a decision that left them on the hook for covering part of a $6 million class action settlement by Bank of Queensland.
ACCC cartel investigator admits ‘oversight’ in comfort letter to JPMorgan
An ACCC officer who was heading up a team investigating alleged cartel conduct by ANZ Banking Group and three investment banks has admitted that the regulator may have made an 'oversight' in a letter of comfort offered to JPMorgan ahead of the bank's immunity application in the case.
ACCC wins power to compel information from Google, Facebook
The Federal Government has blessed the ACCC's request for an extended public inquiry into Google and Facebook as well as a separate probe into the tech giants' advertising practices, arming the regulator with the power to collect information on the companies' advertising and search algorithms.
Bunnings’ deal with Adelaide Tools under scrutiny by ACCC
The ACCC has raised concerns that the proposed tie-up of hardware store giant Bunnings Warehouse and family-owned Adelaide Tools and Oaklands Mower Centre will stifle competition.