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A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.
A court has dismissed by consent a case launched by a group of Banksia Securities investors against the law firm that acted for the funder of a scandal-ridden class action.
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge's former link to Deloitte.
Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.
Car dealership software firm Pentana has accused competitor Titan of a "calculated, sustained and brazen" invasion of its rights, and argues cross-claims of misuse of market power are a distraction.
The Full Federal Court has upheld a decision revoking Otsuka Pharmaceuticals’ patent extension for an injectable version of antipsychotic drug Abilify, finding the patent expired last year.
Construction PRO
Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets.
Construction PRO
A parliamentary committee has said the Victorian government must release all evidence supporting the demolition of 44 public housing towers in Melbourne, some of which are the subject of a dismissed class action that is being appealed.
Construction PRO
Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.
James Hardie is fighting a bid to amend a shareholder class action over the building materials giant's 2023 income forecasts, telling the court it doesn't understand the “new case”.