The corporate regulator has appealed a Federal Court decision that rejected part of its case against HCF Life Insurance over a pre-existing condition term in its policies that was found to be misleading but not unfair.
A judge has said ASIC should have known that its case against four TerraCom directors over statements made to investors had no prospects of success, calling one of its submissions “unworthy of the corporations regulator”.
ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company’s claim that the audit found no wrongdoing.
Medical device maker Exactech will pay $8.7 million to end a class action that alleges its joint replacement implants were defective.
An appeals court has dismissed the corporate regulator’s “logically inconsistent” appeal against a landmark decision that found insurer Auto & General did not include an unfair term in its contracts.
A judge has thrown out a notice to produce issued by an Australian company being targeted by UK genomic sequencing company Oxford Nanopore Technologies, calling its bid for board minutes and other documents a “fishing expedition”.
Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company’s bankruptcy.
A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties.
Coal producer TerraCom has been joined to a lawsuit brought by Korean Midland Power against a unit testing lab ALS Limited over allegedly exaggerated coal testing results.