A shareholder class action over BHP’s disclosures about a Brazilian dam that collapsed 10 years ago has settled for $110 million on the eve of trial, one of a handful of class actions to settle for over $100 million.
Saint Gobain-owned CSR has hit back at building insulation distributor Consolidated Energy’s claims it engaged in anti-competitive conduct by increasing its prices during COVID-19, saying the cost increases were due to events beyond its control.
Builder Growthbuilt has struck back in a $91.7 million lawsuit over the Oxford & Foley mixed use development in Darlinghurst, Sydney, claiming the project’s financier failed to act in good faith and pointing the finger at its subcontractors.
Former PricewaterhouseCoopers CEO Thomas Seymour has been banned from registering as a tax agent for four years, after the regulator found he permitted a culture within the accounting firm of sharing confidential information.
Regeneron and Bayer have lost their bid to block generic drug maker Sandoz from launching a biosimilar of their blockbuster eye drug Eylea.
Meta has lost its latest bid to strike out the consumer regulator’s case alleging it failed to put up “reasonable safeguards” to prevent scam cryptocurrency ads on its Facebook platform.
A judge has criticised the “unacceptably complex” trial of two regulatory cases and two underpayments class actions against Coles and Woolworths, delivering a ruling whose significance for the workers is not yet clear.
Japan-based Mitsui has sued Esso Australia and Woodside Energy, its partners in the Kipper gas field in the Bass Strait, disputing their claims that it owes $298 million in taxes and alleging it overpaid fees to the tune of $20.3 million.
Eastlink operator ConnectEast has lost its bid for restitutionary interest after a judge found CityLink’s operator overcharged tens of millions of dollars in toll roaming fees.
A class action over the Morrison government’s Robodebt scheme has settled for $548.5 million, the largest class action settlement in Australia’s history, on the back of damning revelations in a royal commission report released after the class action originally settled for $112 million.