A senior ACCC officer tried to dissuade ASIC from investigating alleged insider trading by JPMorgan because of fears it would “upset” the competition regulator’s criminal cartel case over a $2.5 billion ANZ share placement, a court has heard.
The federal government is facing a class action over alleged biosecurity breaches that led to the 2016 outbreak of white spot disease in South-East Queensland, which decimated the region’s commercial prawn industry.
The Australia and New Zealand Banking Group has been hit with a class action for having “unfair” terms in its credit card contracts that allegedly gave the bank the right to charge account holders retrospective interest.
Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.
Google has hit back at the ACCC’s case accusing it of misleading users about a change to its privacy policy, saying laws against misleading and deceptive conduct do not apply to those who did not read the notification about the change.
Money transfer business Vina Money Transfer and two of five individuals accused of fixing foreign exchange rates on millions of dollars transferred between Australia and Vietnam will plead guilty to criminal cartel charges, a court has heard.
A judge hearing the second ever application for a group costs order in a shareholder class action against early childhood education provider G8 Education has heard she should reject the request because it is not “appropriate or necessary” to ensure justice in the proceeding.
A judge has questioned property developer PPK Group’s challenge to the dismissal of its long-running negligence case against HWL Ebsworth over the $25.5 million sale of Crown-owned land in Sydney.
Defence minister Peter Dutton has won $35,000 in damages in a defamation case over a tweet accusing him of being a rape apologist, with a judge finding the tweet conveyed that the minister “excuses rape”.
Ashurst has picked up a leading insolvency partner from Norton Rose Fulbright who advised on the restructure of the beleagured Arrium Group.