A judge overseeing an investor class action over the collapse of advisory firm Linchpin Capital has questioned whether he has to “effectively second guess” a law firm’s advice given to group members about a partial settlement.
Crown Resorts has reached agreement on a proposed penalty in AUSTRAC’s case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.
Google has denied class action that it distorted competition in the app marketplace and left consumers paying higher prices, pointing out in its defence there are alternative app stores on its Android platform.
Former Vocus chairman Vaughan Bowen has been indicted on insider trading charges, five months after prosecutors dropped the same charges after a contested committal hearing.
A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts.
Water services company Veolia Water Australia has won its bid for EnergyAustralia and two mining companies to hand over information about the quality of mine water they send for treatment, with a judge finding it could be “materially worse” than promised. In a judgment handed down on Wednesday, Federal Court Justice Scott Goodman ordered EnergyAustralia…
The former dean of a Melbourne art school has resolved her case alleging she was unfairly sacked via Instagram direct message while on annual leave.
The University of Technology Sydney will backpay staff more than $4.4 million, plus $1.3 million in superannuation and interest, after agreeing to an enforceable undertaking with the Fair Work Ombudsman.
Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.