Macquarie Securities has agreed to pay a $35 million penalty in a civil suit brought by the Australian Securities and Investments Commission alleging systemic misreporting of short sales over a 14-year period.
A WiseTech investigation into billionaire chair Richard White has found no evidence that he misused company funds in his personal relationships with two women, including to pay for an employee’s plastic surgery.
A proposal to expand Sydney Harbour’s Woolwich Marina has been knocked back, with a judge finding the development would obstruct views of heritage listed areas.
An appeals court has rejected a class action’s challenge to a finding that Homes Victoria had a legitimate purpose in deciding to demolish and redevelop public housing towers in Melbourne, despite “lamentable” lack of consultation.
Superannuation fund Australian Retirement Trust has acquired a 48.5 per cent interest in Mirvac’s $1.7 billion build-to-rent fund.
Ashurst has nabbed a partner from Norton Rose Fulbright to join its global projects and energy transition team.
A new class action targeting Grill’d alleges the burger chain wrongly denied thousands of workers the rest breaks they were entitled to under enterprise bargaining agreements.
German drug maker Merck KGaA is fighting US drug company Merck Sharp & Dohme over the alleged use of the ‘Merck’ mark in Australia, five years after their intellectual property spat was settled.
AUSTRAC has launched an investigation into Bendigo and Adelaide Bank’s compliance with anti-money laundering laws, as APRA directs the bank to hold a capital add-on of $50 million.
An investigation commissioned by Optus into its fatal Triple Zero outage in September has found “at least 10 mistakes” made by the telco’s personnel and contractor Nokia, which was upgrading the network at the time.