Appeals
Brambles to appeal first shareholder class action win
Logistics company Brambles has lost its bid to pause costs orders while it prepares an appeal of the first post-trial win for a shareholder class action, while also flagging a bid to stay determination of group member claims.
Competition & Consumer Protection
ACCC says green eggs a sham, producer shells out fine
The ACCC has fined a Victoria-based small egg producer $39,600 after the consumer watchdog alleged that claims its eggs were free-range were false or misleading.
Business of Law
Hall & Wilcox promotes 3 disputes specialists to partnership
Law firm Hall & Wilcox has promoted three dispute specialists to partner as part of a bumper crop of solicitors to advance this year.
KPMG
Former CEO of KPMG denies ‘bad apple’ tag, says he took accountability
Facing the hotseat over KPMG's treatment of a whisteblower, the accounting giant's former CEO Andrew Yates told a parliamentary committee hearing on Friday he took accountability and was not a "bad apple".
KPMG
KPMG slammed for ‘hiding behind’ legal professional privilege
A senator has criticised KPMG for claiming a commitment to transparency while also maintaining legal professional privilege over advice from Allens and Ashurst into the alleged misuse of confidential information.
Class Actions
Phoslock class action says FTI, KPMG reports not privileged
A shareholder class action against water treatment firm Phoslock wants the company to hand over reports by KPMG and FTI Consulting, arguing the material is not protected by legal professional privilege because it wasn't produced for the dominant purpose of providing legal advice.
Restructuring & Insolvency
Racing NSW scores win in fight over administration of Australian Turf Club
An appeals court has overturned a finding that Racing NSW was not entitled to appoint administrators to the owners of Sydney’s Randwick Racecourse.
KPMG
KPMG agrees to hand over Allens, Ashurst docs to Senate
Under pressure from parliamentary committee members, KPMG said late Friday it would waive privilege and hand over investigation reports from Allens and Ashurst, after initially resisting orders for documents.
KPMG
ASIC confirms two investigations into KPMG data misuse claims
ASIC’s chair says the corporate cop is investigating individuals at KPMG for alleged misuse of confidential information belonging to Lendlease and Optus to win new work, but says it is hamstrung by current law from undertaking a broader probe.
White Collar
Defunct AI start-up founder jailed for nine years for duping investors
The former boss of Metigy has been sentenced to nine years behind bars after pleading guilty to misusing company funds and providing false information to investors, who pumped $40 million into the AI start-up.
