ASIC
ASIC brings proceedings against Keystone directors
The Australian Securities and Investments Commission has brought proceedings against former Keystone directors and compliance committee members, the latest in a flurry of suits over the collapse of the Shield and First Guardian Master funds.
Insurance
IAG class action can add damages claim not tied to disclosure breach
A judge says a shareholder class action against IAG can add a new damages claim, despite the insurer arguing it was untethered from any contravention and “clearly bad in law”.
Class Actions
‘Spectacular waste of money’: J&J class action fights soft class closure
A class action against Johnson & Johnson over alleged ineffective cold medicine has attacked the pharmaceutical company’s application for soft class closure, telling a court the process would produce useless data and only need to be repeated.
Business of Law
McCullough Robertson wins bid to strike out client’s negligence case
McCullough Robertson has won its bid to strike out a former client's professional negligence case, with a judge finding that its reliance on “common sense and experience” in its pleading was inadequate.
Employment
Fortescue latest mining company to face sex discrimination class action
Women who work for Fortescue Mining face systemic sexual harassment, gender discrimination and hostile workplace environments, according to a new class action, the third against a mining giant.
Superannuation
Diversa faces APRA investigation over executive pay
Superannuation trustee Diversa is facing an investigating by the Australian Prudential Regulation Authority into its executive remuneration practices.
Employment
Potentia Capital faces $3.6M suit by former partner
A former partner of private equity firm Potentia Capital has filed a lawsuit alleging he was unlawfully denied $3.6 million in benefits from two funds as punishment for whistleblower disclosures.
Securities
Settlement reached in fight over $100M in shares of data centre start-up Firmus
A settlement has been reached in a dispute over more than $100 million in shares in AI data centre start-up Firmus Grid ahead of an expected $7 billion IPO, just days before the company's founders were due to give evidence in court.
Business of Law
Gilbert + Tobin, Holding Redlich, Thomsons, HWLE announce partner promotions
Gilbert + Tobin, Holding Redlich, Thomsons and HWL Ebsworth have announced their partner promotions for 2026, with projects and infrastructure among the key practice areas to benefit from this year's appointments.
David Williams
‘Just not appropriate’: Judge scolds Mosaic Brands director for missed deadline
A judge has scolded former directors of Mosaic Brands after they failed to comply with orders made last week ahead of a 10-day public examination as special purpose liquidators investigate $196 million in potential insolvent trading claims and directors duty breach claims.
