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FleetPartners settles shareholder class action for $27M
Vehicle leasing company FleetPartners has reached an agreement to resolve a shareholder class action for $27 million.
Construction PRO
McCullough Robertson nabs Ashurst partner for construction team
McCullough Robertson has lured a partner from Ashurst who has advised the Queensland government on the 2032 Olympic Games.
Shareholders can revise class action against Grant Thornton, iSignthis
A judge has approved amendments to a shareholder class action against iSignthis and auditor Grant Thornton, over the opposition of the fintech firm, which argued the changes would amount to an abuse of process.
Mastercard’s competition lawyers advised rewording deal, court told
Trial in a case alleging Mastercard misused its market power by striking deals with retailers to defend revenues against EFTPOS routing has heard external competition lawyers suggested removing the word 'routing' from its contract with Woolworths.
Construction PRO
Clayton Utz snares projects partner from Allens
Clayton Utz has recruited a projects partners from Allens to strengthen the firm's resources and infrastructure practice.
Mastercard risked $45M hit from RBA routing initiative, court hears
Mastercard risked losing half its revenue from retail interchange fees as a result of the Reserve Bank's least-cost routing initiative, and struck deals with top retailers to defend its core business, a court was told Wednesday.
Woolworths faced loss of status with Mastercard if it used EFTPOS, trial told
A trial judge has heard that Mastercard's top Australian executives discussed stripping Woolworths of strategic merchant status if the supermarket giant routed customer transactions through the cheaper EFTPOS network.
‘This is huge’: Mastercard’s anxiety about EFTPOS revealed at trial
Mastercard's Australia boss was anxious to sign a deal with Woolworths on payments processing after learning that Coles had chosen to route all debit transactions through the cheaper EFTPOS network, a court has heard.
Cor Cordis resists discovery of WIP valuation docs ex-chair’s case
Insolvency firm Cor Cordis has argued the "inordinate" task of producing WIP valuation documents in former chair Bruno Secatore's case should wait until the pleadings have been finalised and security determined.
Judge calls for rules committee to resolve ‘procedural vulgarity’
A judge has urged the Federal Court's rules committee to settle a question hanging over liquidators seeking to bring unfair preferences proceedings against multiple defendants.