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ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.
A judge has thrown out a notice to produce issued by an Australian company being targeted by UK genomic sequencing company Oxford Nanopore Technologies, calling its bid for board minutes and other documents a “fishing expedition”.
The judge overseeing two competing class actions against Google has issued a warning to law firms that agree to team up and work on a class action together, saying that in other markets such arrangements might be viewed as “something akin to a cartel”.
Mortgage broker Lendi Group and insurer ALI Group want to declass a junk insurance class action, telling a judge that even in a successful scenario, the more than 13,000 group members will be left to share only $2.5 million.
A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.
Construction PRO
The owners corporation suing Parkview Construction over alleged combustible cladding at the Australia Towers in Sydney Olympic Park is “hopeful” of a settlement being reached, a court has heard on the eve of trial.
Construction PRO
Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.
Construction PRO
A community group has filed a lawsuit over the government's assessment of Santos' Narrabri lateral pipeline, the latest challenge to the company's $3.6 billion natural gas project in northern NSW.
Construction PRO
A SOP Act adjudicator had power to determine that reasons proffered by a Queensland construction company for withholding payment to a concrete subcontractor were "new reasons" and not properly made, a court has found.
Construction PRO
A leading corporate lawyer who advised on the $32 billion acquisition of Sydney Airport has made the jump to Ashurst from Herbert Smith Freehills Kramer.