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A settlement has been reached in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees' mismanagement of debenture issuer Provident Capital.
The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company's receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident's former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.
A Sydney lawyer accused in a class action of conspiring with notorious conman Peter Foster in a fraudulent sports betting scheme that left investors $29 million out of pocket was taken in by Foster's "psychological brilliance", her barrister told a court Thursday.
The judge overseeing a massive class action against Ford over its PowerShift transmission has vacated the trial date, blaming the lead applicant's numerous "procedural failures".
The former head of Australian mining company Kimberley Diamonds has been acquitted of charges that he signed off on market statements that assumed luxury retailer Tiffany & Co would pay higher prices for the company's rare yellow diamonds.
The government has won court approval to amend its defence mid-trial in a class action brought by businesses alleging they were harmed when the Rudd Government cancelled a program that subsidised home insulation installations during the economic downturn.
Apple has reached an in-principle settlement with the consumer watchdog in an enforcement action over the tech giant's repair policies, a judge was told Tuesday.
A judge overseeing a trial against S&P Global over its ratings of synthetic collateralised debt obligations has tossed the company's damages expert, saying she lacked sufficient expertise to provide an opinion on the value of the instruments.
Volkswagen has been ordered for a third time to provide the court with the names of employees who were involved in approving the emissions cheat software that's at the center of litigation by Australia's consumer regulator and several class actions against the German car maker.
A former Volkswagen CEO Martin Winterkorn has been charged in the US with conspiracy and fraud over the car maker's long-running scam to cheat emissions tests, two months after VW faced trial in Australia over dieselgate.