A judge has signed off on an agreed-to $5 million penalty against Noumi in ASIC proceedings for violating its continuous disclosure obligations and found the food company’s non-disclosures caused it shares to trade at an inflated price.
Now-defunct sushi chain Sushi Bay has been slapped with penalties totalling more than $15 million, with a court calling its long history of staff underpayments “calculated” and “audacious”.
Two judges have declined to award carriage of a class action against International Capital Markets over risky derivative products to a firm accused of plagiarising its rivals’ pleading.
As another trial traversing the rape allegations of former political staffer Brittany Higgins gets underway, a lawyer for Senator Linda Reynolds has told a court Higgins’ claim she was pressured not to pursue a complaint against Bruce Lehrmann was the stuff of fairytales.
Super Retail Group’s former chief legal officer Rebecca Farrell says the company damaged her professional standing as a senior solicitor and exposed her to the risk of regulatory investigation and enforcement action.
Monash IVF and a host of IVF clinics have taken Insurance Australia Ltd to court over coverage ahead of mediation in a class action alleging the companies destroyed potentially viable embryos.
A judge has ordered Mercer Superannuation to pay $11.3 million for “reckless, if not deliberate” representations about so-called sustainable investment options that included investment in oil and gas companies, including BHP and Origin Energy.
A judge has approved a $8.25 million settlement in a class action against PricewaterhouseCoopers brought by Axsesstoday bondholders over an allegedly misleading bond prospectus.
A court has found that the NRL’s insurance policy with Lloyd’s of London does not cover former South Sydney Rabbitohs star Ethan Lowe for the devastating injury he suffered during a State of Origin match four years ago, dismissing the retired rugby player’s $1 million lawsuit.
After leading the first in a series of class actions by thousands of junior doctors to victory at trial, the applicant in a landmark wage case against Peninsula Health has told a judge the penalty against the Victorian hospital operator must send a clear message.