Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.
Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleading shareholders about it Remestemcel-L treatment for COVID-19 complications.
A former Nuix director appointed by Macquarie Bank must give evidence in person as the embattled tech company argues a claim brought by its former CEO is off by $140 million.
Nick Scali has been ordered to refund a disgruntled customer $1,600 for a white leather chair that discoloured mere months after use.
Philips Electronics has been fined $133,200 for failing to provide timely notice to the country’s health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.
Investors in Mayfair Group’s collapsed IPO Wealth Fund stand to recoup “a lot less” than their alleged $67 million in losses from a settlement in a class action alleging the fund’s trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.
Top tier law firm King & Wood Mallesons has lured leading competition lawyer Luke Woodward to bolster its regulatory practice.
A foreshadowed application for a funding order in a class action that would put a lien on some group members’ homes was “entirely unprecedented and without jurisprudential basis”, retirement home provider Aveo Group has said.
The CEO of Optus has come out swinging against a proposed 10-year agreement between TPG and Telstra to share mobile network infrastructure and spectrum in parts of regional Australia, warning it would harm consumers.
Mercedes-Benz is facing a potential class action over a recall affecting over 17,000 vehicles installed with faulty brake boosters.