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Ralan boss to face public grilling by construction group’s liquidators
The founder of construction giant Ralan Group will face public examination in the Federal Court as liquidators continue their investigations into the company's $561 million collapse.
Judge criticises ASIC for treating orders in Westpac case like ‘traffic lights in Naples’
A judge has criticised the Australian Securities and Investments Commission for treating timetabling orders in its insider trading case against Westpac over a $16 billion interest rate swap as though they were “traffic lights in Naples”.
Forum liquidators sue to wind up entity that got $2.6M in Bill Papas ‘loans’
Forum Group's liquidators are seeking to wind up an entity owned by founder Bill Papas that received over $2.6 in "loans" from the alleged fraudster, as they work to recoup almost $400 million allegedly defrauded from three banks.
Rex boss threatened cadets in letter urging ‘fierce loyalty’, appeals court says
Australia’s leading regional airline faces further litigation after an appeals court found it sent a threatening letter to prospective cadet pilots, urging them to stay in cheap, “inappropriate accommodation” in order to demonstrate their commitment to the company.
TWU loses bid to reinstate 1,800 outsourced Qantas workers
A judge has rejected the TWU's request for the reinstatement of around 1,800 outsourced Qantas workers, finding it was inevitable that the airline would retrench the workers again as soon as lawfully possible.
Ex-Antares Energy CEO banned for misleading market about $354M Texas oil sale
The former CEO and chairman of Antares Energy has been banned from managing corporations for four years and hit with a $40,000 penalty for failing to disclose to the market the buyer behind an ill-fated US$254 million acquisition of Texas oil assets.
Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker's "speculative" argument that it would be prejudiced by further lawsuits after the class action was finalised.
Ian Macdonald, Obeids to spend Christmas in prison
A judge has rejected a request for bail by NSW Labor Minister Ian Macdonald, Eddie Obeid and his son Moses as they appeal their convictions for conspiring to rig a tender process and secure a coal mining exploration licence for the Obeids' land in the Bylong Valley.
Under ACCC scrutiny, IVF provider Virtus drops $45M Adora acquisition
IVF company Virtus Health has withdrawn its offer to acquire rival Adora Fertility from Healius, citing the competition regulator's opposition to the takeover.
IP holding company in dispute with Apple wins case over biosecurity patents
A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.