A former contractor at the ASX has alleged the securities exchange was “embarrassed” by governance failures relating to a $200 million technology modernisation program and sought to hide the issues from the Reserve Bank of Australia.
Hall & Wilcox has struck back at proceedings by the liquidators for collapsed construction group Hastie, saying they have failed to specify why its $18.6 million legal bill incurred in suing two dozen builders is unreasonable.
Property valuer M3 Property has denied claims that its lease valuations were incorrect and led to tenants of Adelaide’s Rundle Mall being overcharged and says that if it is found liable, brokers CBRE and JLL should be on the hook as well.
A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.
Super trustee Macquarie Investment Management has admitted it failed to act efficiently, honestly and fairly after thousands of members invested $321 million in a Keystone fund under investigation for misusing funds.
The Chief Justice of the Queensland Supreme Court has warned lawyers they could be referred to the legal watchdog or face a personal costs order if they file submissions that contain hallucinations produced by generative artificial intelligence.
A judge has ordered embattled Optus to pay a $100 million penalty for “appalling” contraventions, after the telco admitted staff pressured customers into buying phones they couldn’t afford.
A judge has ordered the Australian Broadcasting Corporation to pay $150,000 for unfairly dismissing presenter Antoinette Lattouf because of her opposition to the Israeli military campaign in Gaza.
Finish maker Reckitt Benckiser has lost its bid to trademark the shape of its dishwashing capsule, with a delegate finding it was not a “wholly concocted” shape that can be distinguished from similar products by other brands.
The ACT revenue office has lost its claim that developer Molonglo should pay $100 million to develop land held under a Crown lease, while Molonglo’s argument that the tax should be nil has also been rejected.