National Australia Bank has issued a public apology after evidence this week at the Banking Royal Commission revealed the bank charged fees for no service and faces possible criminal charges.
Law firms need to focus as much on training lawyers on the art of resolving cases early, as they do on the art of litigation, Quinn Emanuel managing partner Michael Mills has told Lawyerly.
Mining giant BHP Billiton has reached a $50 million deal to settle the US class action over the 2015 dam failure at the Samarco mine in Brazil.
Crown Resorts is taking the NSW government to court over development at central Barangaroo that threatens to block its views of Sydney Harbour Bridge and the Opera House.
Myer had an obligation to correct remarks by former CEO Bernie Brookes in 2014 that the department store expected increased profits the following year, because there was no reasonable basis for the statement, a court heard Wednesday at the start of trial in a shareholder class action alleging the company breached its disclosure obligations to the market.
The corporate watchdog can’t get its hands on documents detailing Westpac’s disciplinary measures against rogue traders or communications between the employees ahead of a penalty hearing in a case that found the bank attempted to influence the Bank Bill Swap Rate.
The “highly-controversial” battles over multiple class actions against AMP and GetSwift are just two cases in a decades-long history of class action proceedings and should not be the basis of any proposals to fix perceived gaps in courts’ powers, plaintiffs firm Slater & Gordon said Tuesday.
A week before WorleyParson’s CEO promised shareholders net profits in excess of $322 million for the 2014 financial year, the engineering group’s global finance director told its CFO that the company’s earnings targets were “a stretch”, according to an email uncovered in a shareholder class action.
A Big W worker whose on-the-job injury caused her chronic leg and back pain has won $543,000 in damages against Woolworths after the company admitted breaching its duty to the teenager.
The consumer watchdog has filed enforcement action against grain supplier Seednet, alleging the company misled farmers about the quality of its newest barley variety.