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BHP pays $50M to settle US class actions over Samarco mine
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 sues NSW government to protect Sydney harbour views
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 stayed silent after CEO’s ‘cloud cuckoo land’ forecast, court told
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.
Westpac dodges ASIC bid for rogue trader chatter
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.
Competing class action fix divides firms in ALRC submissions
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.
WorleyParsons CFO told earnings targets a ‘stretch’, email reveals
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.
Big W worker wins $543,000 after injury sidelines career as paramedic
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.
ACCC goes after Seednet for misleading farmers over barley performance
The consumer watchdog has filed enforcement action against grain supplier Seednet, alleging the company misled farmers about the quality of its newest barley variety.
Trial delayed as Google asks Unlockd to prove it can pay
Unlockd says its close to finalising litigation funding to pursue its competition case against Google, but the September trial date has been pushed back as the search engine demands a show of proof that the failed startup can pay up if the case goes Google's way.
5 things to watch in the GetSwift class action appeal
Three senior Federal Court judges will hear arguments Monday and Tuesday in a closely-watched appeal of a ruling that stayed two of three competing shareholder class actions against GetSwift as an abuse of process, and the impact of the Full Court's ruling will be felt for a long time to come. Here are five major issues the court will be wrestling with over the next two days.