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ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.
CBUS trustee agrees to pay $23.5M in ASIC death benefits case
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The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator’s case over excessive delays in processing $20 million in death and disability claims.
Court approves $8.7M settlement in Exactech class action
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A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.
Nielsen exec claims unfair dismissal after husband’s axing, can’t get job back
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A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.
ASIC blitz targets Shield, First Guardian advisers, research firm
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The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.
Mayne wins breathing room in fight to get Cosette merger over the line
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Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.
MinterEllison snags KWM partner to lead private equity practice
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MinterEllison has lured a leading corporate law partner away from King & Wood Mallesons to lead the firm’s private equity practice.
Appeal filed in landmark climate change class action
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A class action is appealing a ruling that found the federal government owes no duty of care to Torres Strait Islanders to protect them from the effects of climate change, with experts predicting the High Court may ultimately decide the issue.
Woolworths exec sues for overwork, discrimination after cancer diagnosis
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Woolworths Group’s chief growth officer is taking the supermarket giant to court, claiming she faced excessive workloads and discrimination after she was diagnosed with an aggressive form of breast cancer.
John Holland ends agreements with CFMEU after ACCC investigation
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John Holland and the CFMEU have voluntarily nixed agreements requiring the construction company to use certain labour hire businesses on two major projects in NSW, after the ACCC raised competition concerns.