UBS is considering legal action against executives who were paid massive sums in the height of the credit boom, to force them to relinquish some of their bonuses.
But the agenda, sent to shareholders yesterday, includes discussion of a board report on compensation. While the first two points concern reviewing the existing system and proposed changes, [...]
Documents filed in the Federal Court in Victoria show childcare giant ABC is defending claims it broke an undertaking to off-load childcare centres in Western Australia.
The undertaking was made with the Australian Competition and Consumer Commission, which took legal action in June this year. The dispute involved two WA centres that remained unsold following the [...]
The Supreme Court ruling in the BCE-bondholder dispute has answered only one legal question whether the plan of arrangement was fair and reasonable.
The bigger legal question is still not answered, say lawyers, and that’s the extent to which boards have to consider other stakeholders versus shareholders in a change-of-control situation.
Lawyers say what’s interesting is that [...]
The Australian Agricultural Company will ditch legal action it was pursuing against a subsidiary of its major shareholder, after Futuris last week gained control of the AACo board at its annual general meeting.
According to today’s Australian Financial Review, the AACo has launched a $40 million damages claim against Elders, which is owned by Futuris.
AACo alleged [...]
BP could be forced to cut production at its Russian subsidiary TNK-BP after a small Moscow brokerage with ties to one of its primary shareholders filed several lawsuits to keep 148 top engineering and technical staff from returning to work.
Tetlis, a brokerage run by two former executives of Alfa Group, the investment group that holds [...]
The Government is struggling to find an independent valuer for Northern Rock to determine what, if any, compensation shareholders should receive for their stakes in the Legal nationalised bank.
Industry sources said that accountants, investment banks and other potential valuers were wary of taking on the job because of the potential legal and reputational risks involved. [...]
Dominating internet advertising and search have allowed the company to embark on a seemingly endless expansion into all manner of internet products, including email, video sharing, online mapping, mobile phone software, social networking and office productivity.
But while Googles revenues in 2007 were 37 times greater than in 2002 and its headcount has ballooned to well [...]
Her comments last night may fuel accusations that the decision to block foreign ownership was made with an eye on the election.
But Miss Clark defended her comments, delivered to a huge cheer at Labours congress in Wellington. She was satisfied the two Cabinet ministers went through a full and proper process and weighed up whether [...]
Her comments last night may fuel accusations that the decision to block foreign ownership was made with an eye on the election.
But Miss Clark defended her comments, delivered to a huge cheer at Labours congress in Wellington. She was satisfied the two Cabinet ministers went through a full and proper process and weighed up whether [...]
Isilon Systems Chief Executive Sujal Patel, Madrona Venture’s Group’s Matt McIlwain, Sequoia Capital’s Greg McAdoo and other directors and officers at the Seattle digital storage company have been named in two lawsuits in King County Superior Court Legal Software.
The derivative suits were filed last month by Isilon shareholders James Fein and Irving Himmelberg on behalf [...]
