The CFO of former market darling Big Un, who has been charged with insider trading, has been excused from filing a defence or taking other procedural steps in the collapsed company’s case against its ex-directors.
The liquidators of failed grain trader LGL Commodities have filed a professional negligence case against law firm Gadens, alleging its failure to comply with orders for evidence meant it lost the chance to win back over $6 million at trial.
Embattled online bookseller Booktopia and a number of subsidiaries have entered voluntary administration, appointing three partners from McGrathNicol to oversee a possible sale of the business.
Bonza creditors voted Tuesday to wind up the budget airline after its administrators at Hall Chadwick ran an “extensive sales campaign” but received no offers to purchase the collapsed airline.
The administrators for budget airline Bonza have found it likely traded while insolvent in the lead-up to its voluntary administration, suggesting the airline’s directors may have breached their duties under the Corporations Act.
The liquidators of collapsed media company Big Un are pushing for a trial date in their two-year-old case against financier First Class Capital alleging a three million share purchase was part of a fraudulent design to inflate the collapsed company’s share price.
A class action solicitor has paid a judgment debt of $50,000 ahead of a sequestration hearing over allegedly unpaid barrister’s fees from work on a class action against payments provider Tyro. But a court heard Tuesday the lawyer still faces a claim for unpaid superannuation by a former employee.
An arrangement to restructure Queensland labour hire services company Comlek has survived a challenge by the state’s revenue office, which wanted the business wound up, claiming the restructure was against public interest and commercial morality.
The NSW Supreme Court would have the power to deal with a contingency fee order made in a class action against KPMG if the accounting firm won its application to move the case from Victoria, making the existence of the order a neutral factor in the transfer bid, the federal Attorney-General has told the High Court.
A judge has rejected claims that an investor in the Callide power station, which suffered a major failure in 2021, was responsible for delays in the administration of the station’s operator IG Power, saying the administrators’ ten month delay in investigating the incident was to blame.