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Rising costs and evolving shopping trends have forced 188-year-old department store David Jones into voluntary administration, a day after its landlord revealed the retailer had not paid rent since September.
Online investment platform eToro Australia faces a class action on behalf of investors who lost money trading in high risk contracts for difference.
The property developer linked to collapsed investment funds Shield and First Guardian took the stand in court on Wednesday to face a grilling by liquidators, as investigators try to claw back the $1 billion in missing investor funds.
Three Keybridge directors breached their duties when they approved a $4.75 million bonus for CEO Nicholas Bolton and arranged for the financially distressed company to advance Bolton a loan to acquire a $20 million property in Lake Como, a judge has found.
A former US congressman who holds shares in Queensland gold mining company Citigold is seeking to bring a derivative action in the Federal Court, accusing the brother of company chairman Mark Lynch of trading on sensitive inside information.
The operator of pharmacy chain Chemist Warehouse and hospitality giant Hemmes Group are among companies that copped a total of $4.4 million in fines for missing the FY25 financial reporting deadline, ASIC said Wednesday.
Ashurst Perkins Coie's consulting arm has lured two experts in financial crimes from Deloitte to join its Sydney office as partners amid heightened anti-money laundering enforcement.
The High Court is hearing two challenges to the government's kids social media ban this week, with Reddit arguing the Commonwealth “cannot justify” the burden on the freedom of political communication.
A class action against Meta over social media addiction will have to wait until a second prospective class action is lodged as planned, a court said Tuesday.
Construction PRO
Goodman Group and NYSE-listed Digital Realty Trust have made a play for a 9.9 per cent shareholding in rival NextDC in an aftermarket “share raid”, as the AI data centre operator faces class action probes into a $140 million revenue downgrade.