Amelia Smith

Penalty proceedings in ASIC's case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial. 

Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.

Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation. 

A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade. 

Clorox has been hit with a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.

The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.

A judge has questioned the need for solicitors in a class action against Jaguar to be involved in discovery of internal investigations by the car maker when a technical referee is to be appointed.

A judge has found a shareholder class action against water treatment company Phoslock and auditor KPMG should not bear the costs incurred by a competing case for preliminary discovery.

Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.

Law firms running competing class actions against Coles and Woolworths over alleged illusory discounts have agreed to join forces, but a judge has warned he will not simply “rubber stamp” the arrangement.