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MinterEllison lures infrastructure partner from Reed Smith
MinterEllison has appointed former Reed Smith partner Simon Harvey to join its infrastructure, construction and property practice.
Ill-fated cartel case shows ACCC should stay out of financial markets, ex-Deutsche Bank CEO says
The CDPP's decision to drop all criminal cartel charges against two banks and four individuals in a "test case" over a $2.5 billion ANZ share placement shows the ACCC "lacks expertise and objectivity" on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
Charges dropped in landmark criminal cartel case over $2.5B ANZ share placement
In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.
Trial vacated in Monsanto class action over Roundup weed killer
An upcoming three-month trial in a class action against agrochemical giant Monsanto has been vacated after the applicant's key expert withdrew from the case.
Law firms earned $68M for defending lawsuits over collapse of Dick Smith
The law firms and barristers who defended former Dick Smith directors in sprawling litigation over the failure of the electronics retailer earned close to $68 million in fees, a court has heard.
Rio Tinto to cop penalty in ASIC case over failed $5.8B acquisition
Rio Tinto will face a penalty in proceedings brought by the Australian Securities and Investments Commission alleging the mining giant misled shareholders about the resources of a Mozambique mining company it acquired for $5.8 billion in 2011 and later offloaded for $70 million.
Unvaxxed nurses drop lawsuit against Monash Health
A group of nurses have dropped their lawsuit against Monash Health alleging the hospital provider threatened to take adverse action against them for failing to get vaccinated against COVID-19.
Judge has change of heart, will hold settlement hearing in Romeo’s class actions
A Federal Court judge has reconsidered her plan to dispense with a hearing to weigh a $1.55 million settlement of two class actions that allege supermarket chain Romeo's underpaid hundreds of workers at stores in NSW and South Australia.
ASIC drops investigation into Nuix’s IPO disclosures
The Australian Securities and Investments Commission has dropped its investigation into Nuix’s financial statements in the lead-up to its 2020 public float, but will continue to probe the troubled tech company's statements in the period since the initial public offering.
Settlement talks advance in bungled lease case against Macpherson Kelley
Macpherson Kelley will head to an eleventh-hour mediation in a negligence case over the execution of a 10-year service station lease agreement with Shell, after the court heard settlement talks were well progressed.