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Bendigo and Adelaide Bank has been hit with enforcement action by the prudential regulator for cybersecurity failures by a former business, and has agreed to an $8 million penalty.
In ordering early registration for a class action against a Johnson & Johnson unit, which estimates its defence costs at over $22 million, a judge has said the "very expensive" process is appropriate.
Construction PRO
An RSL club in Wollongong, NSW can't pause execution of a $3 million judgment secured by a contractor pending determination of a defects case, despite claiming "catastrophic" consequences.
A retiring Federal Court judge has defended the class action regime he helped to shape, telling colleagues and practitioners in his farewell speech that the jurisdiction was in its "Goldilocks moment".
A judge has pushed out freezing orders against the former chief investment officer of failed investment firm Falcon Capital, dismissing the excecutive's complaint that he was leaning on friends to pay bills.
The Australian Taxation Office is appealing a win for gold producer Evolution Mining after an initial trial over the company's purported decision to cancel the transfer of $31 million in post-acquisiton losses.
The CEO of the defunct company behind coconut water brand CoCo Joy has been resentenced after he succeeded in overturning his conviction on one of three charges.
A judge has ordered hundreds of former Qantas ground crew to immediately receive their $40 million share of a $90 million penalty against the airline for its unlawful sacking of the workers, after questioning delays in the administration scheme.
Any judge who uses artificial intelligence to issue rulings acts contrary to their oath, a seasoned judge has said, noting the importance of judicial decisions being "entirely those" of the person on the bench.
Construction PRO
Fitout company Reward Group has lost its challenge to a payment claim adjudication by a subcontractor for refurbishment work on Sydney's luxury Sofitel Wentworth Hotel.