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Mastercard tells trial judge it took legal advice over merchant deals
Mastercard argued Wednesday it relied on legal advice in drafting alleged anti-competitive deals with major retailers, as the judge questioned the reliability of some witnesses for the payments giant, who recalled "virtually nothing".
Judge sets damages for Brambles shareholder, estimates $20M costs
After handing down the first post-trial win for a shareholder class action on damages, a judge has assessed the figure owing the lead applicants, and made orders for a lump sum assessment of costs, which he estimated at $20 million.
Qatar Airways settles with passengers in strip search case
Passengers in a lawsuit against Qatar Airways over a 2020 strip search at Doha International Airport have reached a settlement with the airline and airport operator MATAR.
Expect more settlements after major shareholder class action wins
With two historic court wins for shareholders, 2026 is shaping up to be a momentous year for securities class actions, with lawyers expecting a resurgence of cases and a renewed eagerness for the negotiating table.
IAG reaches settlement in $4B litigation over Greensill collapse
Insurance Australia Limited has settled $4 billion action brought by Germany's Greensill Bank and its administrator ahead of a six-month trial against the insurer and others over the failure of the trade financier.
KPMG boss resigns in wake of whistleblower claims
KPMG CEO Andrew Yates has stepped down over his handling of a senior executive's reports of misuse of confidential client information, as the firm hires Big Six firm Allens to investigate the whistleblower's claims.
Major changes to FWC operations revealed amid AI explosion
Confronting a workload increase of 70%, blamed in large part by the growth in use of generative AI, the Fair Work Commission is proposing significant changes to how it operates, including its own use of AI.
CSR must hand over performance data in misuse of market power case
Saint Gobain-owned CSR has been ordered to produce monthly performance reports for four of its business units and its building products division, in a competition case by insulation distributor Consolidated Energy.
Shareholder class action against Worley triumphs on damages in landmark ruling
A shareholder class action against engineering services firm Worley has prevailed after a hard-fought battle over damages, in a major decision following two trips to the Full Federal Court.
Construction PRO
Dexus loses battle with APAC over validity of default notice
Dexus has lost its case over the validity of a default notice issued by Melbourne Aiport's operator, with a judge saying the real estate asset manager breached the company's confidentiality and "irrevocably undermined" its relationship with fellow shareholders.