S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
Under new rules set to take effect Thursday, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected individuals when a data breach occurs.
The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.
A judge in the Supreme Court of Victoria hearing a case brought by Cargill Australia alleging fraudulent concealment in the $420 million sale of malt producer Joe White Maltings by Viterra Malt Pty Ltd won’t loosen the reins on lawyers who have spent “millions of dollars” on discovery.
A tech start-up that failed to deliver on a promise that investors would triple their money and was found liable for the entire investment has won a major reversal of the ruling on appeal.
When trial kicks off in the ACCC’s case against a company and individual allegedly involved in a roof sheeting cartel, there will be one thing missing that courtroom spectators have come to expect from complex commercial proceedings – reams of paper.
Treasury Wine Estates has brought a trademark case against Rush Rich for allegedly making and selling copycat Penfolds products in China and Australia.
A former employee of Toll Transport has violated a court order that he remove a racially charged video he filmed of Senator Sam Dastyari while wearing a company-branded uniform.
Myer and its law firm Clayton Utz have won a ruling from the Supreme Court of Victoria ordering the department store’s landlords at Chadstone Shopping Centre to pay its full legal bill after it won a multi-million dollar dispute over the terms of their lease.
Vodafone has been hit with a class action in the US alleging it failed to inform shareholders that it violated Australian law by selling pre-paid mobile phones without first verifying customers’ identities.