A judge has hit women’s activewear company Lorna Jane with a $5 million penalty for representing to consumers during the height of the coronavirus crisis last year that its activewear would protect them from viruses including COVID-19.
Women’s activewear company Lorna Jane has defended ACCC allegations that it represented to consumers during that height of the coronavirus pandemic that its activewear would protect them from viruses including COVID-19, saying it had a reasonable and proper basis for making the claims.
HopgoodGanim will cut equity partner income by 50 per cent and staff salaries and hours by 20 per cent for up to six months to preserve jobs and ensure the sustainability of the firm during the coronavirus pandemic.
A settlement has been reached that brings an end to a class action against a Queensland law firm for allegedly charging personal injury clients excessive fees but does not resolve the claims of group members.
Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company’s employees, a judge has ruled, settling a question of law under the Corporations Act.
Mach Energy is fighting a second lawsuit by a former director alleging he is owed $13 million in shares under an equity incentive scheme based on the performance of the Mount Pleasant coal project acquired from Rio Tinto in 2016.