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The judge asked to approve a proposed $450 million penalty in AUSTRAC’s case against Crown Resorts has questioned whether the practice of regulators settling enforcement action ahead of trial gave rise to a "moral hazard” problem.
A proposed interest-free payment plan for a $450 million penalty agreed to between Crown Resorts and AUSTRAC has been questioned by a judge, who said it would have “the Commonwealth of Australia act as the Crown’s banker” for two years.
A judge has approved a $22 million settlement in a class action on behalf of a First Nations community that alleges their land was contaminated by toxic firefighting foam at a military base in Jervis Bay, citing the “very real” risks the case would face at trial.
A judge has granted victims of the New Zealand White Island volcano eruption the right to freeze their Australian claims so they can sue cruise operator Royal Carribean in the US state of Florida.
Crown Resorts has reached agreement with AUSTRAC to pay a $450 million penalty for the casino operator's serious breaches of the anti-money laundering and counter-terrorism financing laws.
Concert promoter Mark Filby has lost his case against former Nine unit TEG Live, alleging that it nabbed his idea when it partnered with Coles to promote a 2013 Australian tour by English-Irish boy band One Direction.
The last remaining class action against the Department of Defence over the use of alleged toxic firefighting foam at a military base in Jervis Bay has settled for $22 million, from which $5 million will be deducted for legal costs.
One of the two remaining class actions against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country has settled for $132.7 million on the eve of trial, with the final case going back to mediation.
Crown Resorts has reached agreement on a proposed penalty in AUSTRAC's case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.
Unless the parties can reach a last minute settlement over the weekend, trial in a class action against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country will begin Monday.