The proposed Armaguard merger with rival Prosegur will clearly reduce competition in the cash transport industry but the world without the tie-up might be just as bleak, the ACCC has said.
A precedential ruling on the statute of limitations in a separate case has forced the dismissal of criminal charges against the Commonwealth Bank — after the bank pleaded guilty.
Multi-million dollar claims of sexual harassment by two associates of a former Victoria Supreme Court judge have been settled by the state out of court.
ING Bank has paid penalties of over $50,000 to the ACCC to resolve claims it failed to comply with the Consumer Data Right rules and misled consumers in relation to the security of its CDR service.
Competition among class action law firms is expected to heat up next year as veteran lawyer Jan Saddler departs Shine Lawyers to start her own firm.
A senior barrister at the helm of important insurance test cases has been appointed to the Federal Court bench, along with two state court judges.
Medibank was formally notified Tuesday of a class action-style complaint brought on behalf of millions of customers in the wake of last month’s massive data breach.
A recent ruling cutting the contingency fee sought by a plaintiff law firm shows competition to run class actions will drive down the percentage payout courts are willing to permit. And as more firms enter the market for a slice of the returns, the downward pressure on profits will only build.
The corporate cop has named eleven current and former Star Entertainment directors and officers in a civil penalty case alleging breaches of duties in relation to the company’s non compliance with anti-money laundering laws.
Companies associated with the wife of disgraced senior barrister Norman O’Bryan can’t get a new judge to hear their battle against a third-party costs summons that would make them jointly liable for a $21.5 million judgment for investors in a class action over Banksia Securities’ collapse.