The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.
An Australian acai berry company has hit back at accusations it co-opted the pioneering narrative of US acai berry bowl maker Sambazon to promote a competing business.
Class action lawyers should be allowed to charge contingency fees and earn a percentage of any settlement, the Victorian Law Reform Commission said Tuesday on the much anticipated release of its report into class action funding.
Apple will pay $9 million to resolve a case by the ACCC alleging the US tech giant’s repair policies were in breach of the Australian Consumer Law, according to a court order Monday.
Powercor Australia has been hit a class action alleging its negligence led to a fire in the Gazette area of South West Victoria, the fourth class action the electrical distribution company faces over the 2018 St Patrick’s Day fires.
NetComm Wireless has settled a suit brought by Corning Optical Communications alleging broadband technology used in the National Broadband Network rollout infringes on an innovation patent.
The corporate regulator has launched legal action against Westpac Banking Corp. over a former financial planner’s poor advice that resulted in multimillion dollar losses to customers.
A Pizza Hut outlet on the Gold Coast has been hit with fines totalling $216,700 after it was found to have misclassified a delivery driver and falsified records to cover it up, the Fair Work Ombudsman said Friday.