Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly.
ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
A judge has found that the government owes no duty of care to Torres Strait Islanders to protect them against the effects of climate change, despite finding that there was a very real risk they could become “climate refugees”.
An appeals court has held that directors cannot be found guilty of unlawfully making a deal to prevent employees from receiving their entitlements if they believe they could be paid out under the Fair Entitlements Guarantee scheme.
A law firm which brought several underpayments cases on behalf of junior doctors is investigating a potential class action against alcohol delivery service Jimmy Brings.
Dyno Nobel has lost its bid to invalidate three of explosive manufacturer Orica’s patents for a wireless detonation device, with a judge finding it was liable for patent infringement.
Toyota has lost its bid to subpoena Shopify Singapore for sales records relating to its allegations that Australian spare parts company OZI4x4 sold counterfeit tail lights and armrests.
Cromwell Property Group has said it will cost $200 million to develop an office building in Canberra which will be leased to an unnamed federal government agency.
GM can’t strike out a class action over alleged faulty transmissions in Holden cars, with a judge saying the case doesn’t need to identify the “precise mechanical, metallurgical or engineering explanation” for alleged defects.
A long-running class action against the Murray Darling Basin Authority over alleged negligent water management, including the failure to consider the impacts of climate change, will head to trial next month, just weeks after the court issues judgment in another closely watched climate class action.