Corporate

Electro Optic Systems has admitted continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts, with ASIC filing a $4 million lawsuit against the defence firm and another against its co-founder.

Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed. 

A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.

Developer Villawood has lost a bid to add its director’s three daughters to a lawsuit over an alleged "dishonest and fraudulent design” to divert valuable management fees for a development in Wallan, Victoria.

Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for "intemperate" remarks its founder made in the media about the legal system.

A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.

MinterEllison has lured a leading corporate law partner away from King & Wood Mallesons to lead the firm's private equity practice.

ASIC has filed proceedings against mineral exploration company AVZ Minerals and two of its directors, alleging the company failed to disclose a critical legal dispute, including a forgery claim, relating to a $32 million lithium mine deal.

Developer Villawood wants to add its director’s three daughters to its case over an alleged “dishonest and fraudulent design” to divert valuable management fees for a project in Wallan, Victoria to the director’s family company.

The managing director of the Australian arm of property developer Arada has lost his bid to bar a vote on his termination as he and the group's CEO sling allegations of misconduct and dishonesty.