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ASIC targets Active Super over coal, tobacco holdings
Active Super has become the latest target of greenwashing claims by ASIC, with the corporate regulator alleging it misled the market about its responsible investment credentials, including by investing in coal mining, gambling, tobacco and Russian companies.
In ‘significant’ ruling, CuDeco class action wins access to full KPMG audit report
A judge has ordered KPMG to turn over its complete audit files for CuDeco in a shareholder class action against the defunct mining company's former company directors and the accounting firm over allegedly misleading statements about the value of ore reserves at CuDeco's Rocklands mines in Queensland.
Super fund suing Slater & Gordon looks to join Allegro Funds
A self-managed superannuation that has taken Slater & Gordon to court over the acquisition of its shares in the firm by Allegro Funds is seeking to join the private equity firm to the proceeding.
Corrs, DLA Piper pick up tax specialists from embattled PwC
Troubled professional services firm PwC has lost two partners to law firms Corrs Chambers Westgarth and DLA Piper.
Facing new indictment over hotel quarantine, Victoria wants class action defence kept secret
The state of Victoria is making a bid to suppress its defence in a class action brought over the 2020 hotel quarantine fiasco, as it faces a “substantially altered” indictment in a related criminal proceeding.
Penalty privilege can’t be used to dodge production of books
A judge has found that penalty privilege cannot be used to avoid the production of books under the Corporation Act.
Dispute over barrister’s fee estimates goes to High Court
A barrister is taking a dispute over his $320,000 bill to the High Court, but a judge has cast doubt on the appeal’s prospects of success.
GCO gives AAI class action members ‘simplicity, transparency’: judge
A judge has signed off on a 25 per cent group costs order in a class action against Suncorp subsidiary AAI, after accepting that the back-up plan of law firm Maurice Blackburn was not artificially uncertain.
IAG employee not unfairly sacked after WFH activity tracked
The Fair Work Commission has found that insurer IAG did not unfairly dismiss a veteran employee after a company review of her at-home cyber activity revealed extensive periods of “no or minimal keyboard activity”.
Downer class actions transferred to Victoria Supreme Court
The Federal Court has granted a bid by plaintiffs in competing class actions against Downer EDI to transfer their cases to the Victoria Supreme Court, where a four-way contest will take place.