Saying the appeals court committed “fundamental errors” in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
Super trustee Macquarie Investment Management has admitted it failed to act efficiently, honestly and fairly after thousands of members invested $321 million in a Keystone fund under investigation for misusing funds.
A judge has ordered embattled Optus to pay a $100 million penalty for “appalling” contraventions, after the telco admitted staff pressured customers into buying phones they couldn’t afford.
Media giant Seven Network is facing a class action investigation into possible underpayments, including the alleged failure to pay rest breaks and overtime.
Optus has appointed former Sydney Water CEO and NBN Co director Kerry Schott to investigate a 13-hour Triple Zero outage linked to three deaths.
A judge has ordered the Australian Broadcasting Corporation to pay $150,000 for unfairly dismissing presenter Antoinette Lattouf because of her opposition to the Israeli military campaign in Gaza.
In a landmark decision, the Full Bench of the Fair Work Commission has awarded lost pay to an Uber driver who was unfairly deactivated from the ridesharing app for two months following a false complaint by passengers who assaulted him.
Engineering group Monadelphous has won construction contracts valued at $220 million with BHP and Fortescue for mining projects in the Pilbara.
ACMA has kicked off an investigation into a 13-hour Optus Triple Zero outage connected to three deaths in two states, promising to look at Singapore-based parent company’s Singtel’s investment in the company’s network and reporting systems.
Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.