Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.
The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.
The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year.
Federal politician Peter Dutton has been ordered into mediation in his defamation case against a refugee activist over a tweet calling the defence minister a “rape apologist”, with a judge saying the case could be settled without a trial.
Ben Roberts-Smith used burner phones to call SAS colleagues after growing fearful that members of the media were listening into his phone calls after a series of articles were published in 2018 that accused him of war crimes and domestic violence, a court has heard.
Industry super funds AustralianSuper and IFM Investors – the consortium behind the interest rate swap at the centre of the corporate watchdog’s insider trading case against Westpac — have asked a judge to shield commercially sensitive information from the public as the high-profile action unfolds.
A tribunal has rejected a bid for review of ASIC’s decision to permanently ban an RI Advice financial planner who was accused of double charging his clients.
Switzerland-based Biogen has sued generic drug maker MSN Laboratories for allegedly threatening to infringe the patent for its top-selling oral MS drug Tecfidera.
Tabcorp-owned Tatts Group has appealed a finding from the Commissioner of Taxation that it cannot deduct a $120 million lotto licence from it assessable income for the 2017 financial year.
An appeals court has set aside the fraud and insolvent trading conviction of Andrew Young, founder of defunct whitegoods distributor Kleenmaid, and ordered a retrial after finding a jury should have determined whether he was mentally fit to stand trial.