A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict.
The lead applicant in a failed class action against NULIS Nominees has argued that any costs orders should be stayed until after its appeal, while the ex-NAB super trustee claims it should have $8 million in costs paid now.
Dexus’ denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can’t be undone. What the high-stakes row will come down to, he says, is materiality.
EnergyAustralia has admitted that its ‘Go Neutral’ carbon offset product did not prevent or reverse the harms associated with the burning of fossil fuels.
EnergyAustralia has reached a settlement with advocacy group Parents for Climate in a suit accusing it of falsely promoting its carbon offset products as carbon neutral.
In the ACCC’s price-fixing case, infrastructure services company Ventia has joined with Spotless in arguing the companies were not in competition, and says it was the Department of Defence that arranged for the providers to talk.
Downer EDI subsidiary Spotless has rejected allegations it engaged in price-fixing with Ventia on defence contracts, saying the facilities services companies were not in competition with each other.
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
The Full Federal Court’s docket for 2025 is stacked with class action appeals after a bad run for plaintiffs at trial.
A judge has approved a $20 million settlement in a class action against NAB, despite initial concerns about the “moral hazard” of paying fees incurred by the applicant’s former lawyers to prepare “sub-optimal pleadings”.