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Ruby Princess class action rejected $15M settlement offer, court told
Class Actions 2024-02-05 4:11 pm By Cindy Cameronne

Cruise ship operator Carnival PLC has flagged a bid for indemnity costs after the lead applicant in a class action over a COVID-19 outbreak aboard […]

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Class action investigation targets Magnis Energy, auditor Hall Chadwick
Securities 2024-02-05 4:42 pm By Cindy Cameronne

A law firm is investigating an shareholder class action against lithium battery producer Magnis Energy Technologies and auditor Hall Chadwick after its share price plummeted […]

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Maurice Blackburn employment head appointed race discrimination commissioner
Policy and Regulation 2024-02-05 10:25 pm By Cindy Cameronne

Maurice Blackburn’s head of employment law in Queensland, Giri Sivaraman, has been appointed as the next race discrimination commissioner, commencing his five year stint in […]

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Lawsuit accuses PwC of denying ex-partner retirement payments over leaks crisis
Tax 2024-02-02 5:36 pm By Cindy Cameronne

A former PricewaterhouseCoopers partner has sued the firm for denying him retirement payments for moving to alleged competitor DLA Piper and for his alleged involvement […]

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Cattle exporter Wellard settles shareholder class action for $23M
Class Actions 2024-02-02 3:01 pm By Cindy Cameronne

A shareholder class action against livestock exporter Wellard over a profit downgrade following its $300 million initial public offering in 2015 has settled for $23 […]

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‘Merger parties must make their case’, ACCC says in push for merger overhaul
Competition & Consumer Protection 2024-02-02 10:34 pm By Cindy Cameronne

Australia’s merger review regime is “outdated” and in need of an overhaul, according to the Australian Competition and Consumer Commission, which says companies must explain […]

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SkyCity settles with AUSTRAC, puts aside $73M for penalty
Gaming 2024-02-01 4:57 pm By Cindy Cameronne

SkyCity has reached an agreement with AUSTRAC in proceedings alleging it allowed $4 billion in suspicious transactions, setting aside $73 million to cover penalty and […]

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Boral shareholders can run ‘novel’ case on loss in disclosure class action
Class Actions 2024-02-01 5:26 pm By Cindy Cameronne

Construction giant Boral has lost its bid to block a class action from running a ‘novel’ argument that shareholders suffered loss because of natural fluctuations […]

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Rio Tinto shielded by war sanctions from wrath of Russian aluminium producer
Energy & Natural Resources 2024-02-01 4:17 pm By Cindy Cameronne

Russia’s largest aluminium producer UC Rusal has lost a breach of contract lawsuit brought against six Rio Tinto companies after they refused to deliver alumina […]

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‘Nothing that I can do’: Judge reluctantly imposes $1.8M penalty on Westpac in Ausgrid case
Financial Services 2024-01-31 12:41 pm By Cindy Cameronne

A judge has reluctantly hit Westpac with a $1.8 million penalty after the bank admitted to unconscionable conduct when trading on the morning of a […]

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