ASIC
ASIC launches formal investigation into KPMG as scandal deepens
ASIC has told a senate estimates committee that it is now formally investigating KPMG in the wake of allegations the firm misused client data.
Class Actions
Judge says Kmart class action so light on details he ‘couldn’t understand it’
An underpayments class action against Kmart on behalf of salaried managers will go back to the drawing board after a judge said the statement of claim was “bereft of detail”.
Class Actions
James Hardie hit with class action over FY26 guidance downgrade
Building materials giant James Hardie faces a shareholder class action after its share price dropped 34 per cent on the back of a FY26 earnings guidance downgrade.
Real Estate
Clive Palmer’s resort company pleads guilty to takeover law breaches
Clive Palmer's resort company Palmer Leisure Coolum has entered a guilty plea to one count of breaching takeover law arising from the proposed acquisition of The President’s Club.
ASIC
Director of CHESS replacement firm assured ASX about timeline, court told
A judge overseeing ASIC’s case against the ASX over its CHESS replacement plan will allow remote evidence by the US-based director of a New York tech company, who allegedly gave the exchange an assurance about the project's timeline.
ASIC
Federal Court to hear cases alleging misuse of $26M in Dubber cash
The Supreme Court of Victoria has agreed to transfer a case against the former CEO of ASX-listed software company Dubber and its solicitor to the Federal Court, to be heard alongside a case against auditor BDO and civil penalty proceedings by ASIC.
ASIC
ASIC in ‘aggressive’ mode with First Guardian, Shield cases
The head of ASIC has told a Senate panel that the regulator is taking an “aggressive” stance on cases related to the collapse of the First Guardian and Shield Funds, with 50 to 60 people working around the clock.
Entertainment
Rebel Wilson can file evidence on conduct since release of ‘The Deb’
Actress Rebel Wilson has won court approval to file additional evidence about her conduct since the release of 'The Deb' in proceedings brought by production company AI Film.
Tax
Class action’s question angling for Full Court referral, judge says
A judge has raised concerns that a common question posed by a class action challenging the Victorian government’s imposition of surcharges on foreign citizens is framed for direct referral to the Full Federal Court.
Class Actions
NSW Police wants to slash $93K damages award in strip search class action
NSW Police has argued the lead plaintiff in a class action over strip searches at music festivals should only receive $33,000 in damages rather than $93,000 and is challenging a finding that the strip searches were done “as a matter of routine”.
