Companies

In airing a ‘7:30' segment that revealed racehorses were being slaughtered in violation of industry rules, the ABC acted with malice in what was a "set up" designed to make the head of Racing NSW "look bad", a court has heard.

Insurance policies that may be worth up to $46 million and have derailed settlement approval in two class actions against sandalwood producer Quintis were "cobbled together" and contained errors and omissions, a court has heard.

The Australian Competition and Consumer Commission has delayed it decision on whether to block Google's $3 billion tie-up with fitness device company Fitbit to allow time for the European Union to investigate the proposed merger.

The corporate regulator will not take former AMP chair Catherine Brenner to court after investigating her conduct as part of probes that are expected to lead to at least five cases against the wealth management firm before the end of the year.

A judge has accused the parties in a class action against ANZ over the sale of allegedly worthless insurance  of “putting their pens down” and failing to advance the case until a strike out application is resolved.

The Australian Securities and Investments Commission spent over $1.8 million in taxpayer funds investigating and prosecuting its now failed responsible lending case against Westpac.

A 63-year-old partner of Deloitte Touche Tohmatsu is suing the accounting giant and CEO Richard Deutsch alleging the firm's mandatory retirement policy is discriminatory and has cost him almost $4 million.

Australia and New Zealand Banking Group and Commonwealth Bank of Australia have lost a third attempt to escape a rate-rigging class action in the US, with a judge calling the banks' arguments unpersuasive.

The Australian Securities and Investments Commission has told a parliamentary committee that it plans to bring more than five court proceedings against AMP before the end of the year and has referred a number of investigations into the financial services giant for possible criminal prosecution.

A judge has granted a mid-trial bid to bring in "potentially quite significant" new evidence in a class action against Ford over its allegedly defective PowerShift transmissions, finding the failure to file the material earlier was not deliberate but a "mistake" on the part of the lead applicant's solicitors at Corrs Chambers Westgarth.