Financial Services
Former trader loses whistleblower case against ANZ
A judge has thrown out a former ANZ trader's whistleblower case alleging the bank sacked him complaining about its attempted manipulation of the bank bill swap rate.
Class Actions
Strip search class action loses bid to strike out NSW’s defence
A class action over alleged unlawful strip searches at music festivals has lost its bid to strike out the NSW government’s defence against claims of sample group members, after the lead plaintiff was awarded $93,000 in damages.
Insurance
Allianz can’t get contribution from AIG in fight over Built Tech claims
Allianz has lost its bid to recover a contribution from AIG over a $1.65 million worker's compensation claim against Icon subcontractor Built Tech Hoardings.
Competition & Consumer Protection
HungryPanda wants to lift stay in suit against competitor Fantuan
Food delivery service HungryPanda wants to lift a stay in a case against competitor Fantuan over the acquisition of delivery platform EASI, after a $24 million judgment was entered in related UK proceedings.
Class Actions
Macquarie hit with second class action by investors in Shield fund
Investment manager Macquarie has been hit with a second class action by investors who sank over $320 million of their superannuation into Keystone's collapsed Shield Master Fund.
KPMG
KPMG’s approach to whistleblower claims ‘overly legalistic’: report
KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
Class Actions
Torrens University faces landmark class action by casual academics
US-owned Torrens University is accused of systematically underpaying casual academics who have worked across its Australian campuses, in the first major underpayments class action against a private university.
Energy & Natural Resources
AER appeals to High Court after AGL wins return of $25M penalty
The Australian Energy Regulator has brought a High Court challenge to orders that it return a $25 million penalty paid by power company AGL for overcharging hundreds of customers receiving Centrelink payments.
Class Actions
Boral class action sent to mediation before ex-Chief Justice
A securities class action against Boral will go mediation before the former Chief Justice of the Federal Court early next year, with a judge saying the High Court will likely hand down its much-anticipated judgment in the CBA class action before then.
Business of Law
Top judge says AI to keep lawyers busy for foreseeable future
NSW Supreme Court Chief Justice Andrew Bell has warned that AI creates new risks and liabilities for companies that will have to be sorted out in the courts as the government adopts a 'technology neutral' approach to regulation.
