Three former Blue Sky directors who were originally named in a shareholder class action against the collapsed fund manager might be “dragged back” into the case after its chief operating officer pointed the finger at him in his defence, a court has heard.
A judge has railed against late submissions in a lawsuit by Super Retail Group’s former chief legal officer, calling the tardiness “inconceivable” after he “bent over backwards” to expedite the proceedings in an effort to curb costs.
AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.
Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.
The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.
Publishing reasons for refusing an application by Super Retail Group to redact parts of its former chief legal officer’s case, a judge has called out the practice of “extensive” suppression applications despite the exhortations of courts that justice must be open.
Super Retail Group has lost a bid to suppress parts of a case by former chief legal officer and company secretary Rebecca Farrell, who says she was sacked in May following complaints of corporate goverance issues, as a second senior employee steps up to back her former colleague’s claims.
Buoyed by the recent trial success of CBA and other companies facing shareholder ire, building materials giant Boral is taking its chances at a hearing in a class action alleging disclosure breaches linked to its US windows business.
Deciding an “unusually difficult” costs application, a judge has declined to award Monsanto all of its costs for defending a class action alleging its Roundup weed killer is carcinogenic, saying the agrochemical giant should have pushed harder for a split trial.
Super Retail Group has made a bid to disqualify the solicitors of its former chief legal officer, who has sued the company to enforce an alleged settlement. But the Rebel Sport owner may have to defend a duelling application to disqualify its own solicitors, from Big Six firm Allens.