A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were “very significant”.
Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.
A class action against Homes Victoria overs its decision to demolish public housing towers in Melbourne without consulting residents has appealed a judge’s decision tossing the case.
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge’s former link to Deloitte.
Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.
Car dealership software firm Pentana has accused competitor Titan of a “calculated, sustained and brazen” invasion of its rights, and argues cross-claims of misuse of market power are a distraction.
The Full Federal Court has upheld a decision revoking Otsuka Pharmaceuticals’ patent extension for an injectable version of antipsychotic drug Abilify, finding the patent expired last year.
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
Slater & Gordon has settled a lawsuit by its former HR head alleging she was axed after expressing concerns that the firm deliberately underpaid over $300,000 in leave entitlements.
Two teenagers have brought a High Court challenge to the government’s ban on children under 16 using social media, arguing that it is unconstitutional because of its burden the freedom of political communication.