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A senior ANZ executive was “deeply concerned” by the size of the shortfall in its $2.5 billion 2015 equity capital raising, the court heard on the first day of trial in ASIC’s civil penalty case against the bank over alleged disclosure breaches.
Optus has been hit with a class action on behalf of current and former customers whose personal information was exposed in a massive data breach last September that affected up to 10 million people.
A judge has slammed as a "schemozzle" a law firm’s attempt to drop a class action by Telstra employees over the telecom giant’s COVID-19 vaccine policy, saying it failed to seek court approval for the discontinuance or give notice to group members as required.
The National Australia Bank and its former head of repo trading both “might need a bit of a reality check” in a discovery stoush, a judge has said in a case alleging the senior employee was bullied and paid less than other workers because of her gender.
Approved settlements in class actions since the regime was enacted are set to top $8 billion this year, according to a new report ranking the busiest litigation funders, which found most class action mega settlements were not funder backed.
A judge has refused Nine’s bid to file a defence which he found was replete with unsupported allegations against Euro Pacific Bank boss Peter Schiff, but has given the broadcaster another chance to argue that defamatory allegations it made against Schiff in a 60 Minutes episode were true.
KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves.
Construction firm CIMIC has won its bid to view identifying information about institutional investors in a shareholder class action, despite the applicant's claims it could deter group members from signing on to the case.
BlueScope Steel spent $27 million defending the ACCC's claims that it engaged in serious cartel conduct in relation to the supply of flat steel products in Australia, and its apologies came too late to warrant a penalty discount, a court has heard.
The litigation funder bankrolling two competition class actions against Apple and Google has lost its bid to see evidence filed in a similar case by developer Epic Games, after concerns were raised about its potential use in overseas proceedings against Apple.