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Tyro hit with class action over terminal outage
Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.
CIMIC spars with insurers over coverage for Iraq bribery cases
Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.
Arrest warrant issued for Forum founder Bill Papas
The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.
Crane maker NQCranes loses bid to strike out ACCC’s cartel case
Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
US bank boss launches defamation case against 60 Minutes over $100M tax fraud claims
The CEO and founder of Euro Pacific Bank, Peter Schiff, has launched a defamation lawsuit against the Nine Network over a 60 Minutes episode that allegedly implied he “facilitated the theft of millions of dollars from the Australian people” by assisting customers to commit offshore tax fraud.
‘Elephant in the room’: Judge questions conduct of some lawyers for Banksia legal team
Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.
Virtus ‘author of its own fate’ if Adora acquisition fails, judge says
IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.
Mercedes-Benz hit with $650M lawsuit over dealer model change
German luxury car maker Mercedes-Benz has been hit with a $650 million lawsuit by Australian dealers over the company's decision to change to a fixed-price agency model.
‘BS free’ makeup brand MCoBeauty accused of lying to consumers
The manufacturer of the popular 1000Hour Lash & Brow Dye has accused “luxe-for-less” cosmetics company MCoBeauty of infringing its trade mark with its new 2000 Hour Lash & Brow Tint and misrepresenting to consumers that the product lasts twice as long.
Companies can’t block ATO’s grilling of disgraced accountant Vanda Gould
Three companies operated by convicted accountant Vanda Gould have failed again to block further cross examination of Gould by the Commissioner of Taxation in a number of tax appeals in the Federal Court.