A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member.
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.
The former CEO of the Star was not responsible for every aspect of the business and instead played a “supervisory role”, a court has heard in ASIC’s case over the casino’s money laundering failures.
Star Entertainment’s management and board cannot shirk responsibility for turning a blind eye to money laundering risks by pointing the finger at each other, ASIC has told a court.
A judge has criticised the approach McDonald’s has taken to discovery in a rest breaks class action, noting that that despite having a team of 66 legal personnel working on the case, the fast food chain is still in default of court orders.
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
A group member in a class action against Johnson & Johnson unit DePuy has filed an appeal after he lost a challenge to his compensation determination, 12 years after the case settled.
On questioning by a judge, Star’s former top lawyer has denied making a mistake by failing to tell the board about issues with junket Suncity in May 2018, but said her view was different now with hindsight.
During trial on Monday, ASIC also accused Star’s former top lawyer of giving false evidence about alleged cash for chip transactions in junket operator Suncity’s VIP room.