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Macmahon Holdings has agreed to pay $6.7 million to settle a shareholder class action alleging the mining company failed to provide adequate disclosures about the impact delays on a project for Rio Tinto in the Pilbara would have on its profitability.
A settlement offer promising swift payment that was sent to class members in a lawsuit against Powercor Australia over the 2018 St Patrick's Day bushfires in Victoria was misleading, a judge has found.
The Australian Maritime Safety Authority has convinced a Federal Court judge that 90 tonnes of oil spilled near the Great Barrier Reef in 2015 came from a vessel operated by international shipping company Globex.
The ACCC has opened an inquiry into the inordinately high exchange fees consumers face when sending money outside Australia.
Take-Two interactive has won an injunction blocking a Grand Theft Auto gamer from distributing software that allows users to access restricted features of the popular game, a month after reaching a settlement with a gamer in a separate copyright case.
Investment manager Blue Sky, which is currently facing three shareholder class action investigations, has admitted to incorrectly charging $4.1 million in fees to certain funds over a ten-year period.
Telstra customers that were billed for mobile phone apps they unwittingly bought have been refunded $9.3 million, several months after the company was hit with a $10 million penalty for the misleading conduct.
Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.
The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.
The funder underwriting a class action against Westpac will take a 25 percent cut of the net -- not gross -- recovery sum to secure a judge's approval of a common fund order in the case.