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Insurers may face a class action by holders of business interruption insurance that have had their COVID-19-related claims rejected, following their loss in a test case over whether an infectious disease exclusion in business interruption cover applies to coronavirus-related claims.
The ACCC has taken iconic Australian ice cream company Peters to court for allegedly harming competition in the market for single serve ice cream supplied to service stations, depriving ice cream lovers of cheaper varieties of frozen treats.
A court has ordered Theta Asset Management, a collapsed financial services provider that ran a property investment scheme targeting retirees, to pay a $2 million penalty for issuing defective product disclosure statements.
A judge has set aside a subpoena issued by venture capitalist Elaine Stead in her defamation lawsuit against Fairfax, saying subpoenas could not just be issued "willy nilly" to identify a journalist's confidential sources.
A settlement has been reached in a class action against a Sydney-based financial advisory firm by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
A Victoria Supreme Court judge hearing two competing class actions against Allianz Australia over "junk" insurance has asked the parties for feedback on what she should consider at a hearing on a request for a group costs order, which would allow the plaintiff lawyers to earn a cut of any settlement or judgment, the first such request made since Victoria legalised contingency fees.
Insurers will face a flood of pandemic-related claims after an appeals court ruled in a test case brought by the Insurance Council that certain infectious disease exclusions in business interruption cover do not apply to coronavirus-related claims.
A former executive of a unit of Leighton Holdings has been arrested and charged with foreign bribery offences following a 9 year-investigation by the AFP into $106 million in bribes allegedly steered to Iraqi officials to win lucrative oil projects.
A tribunal has rejected a gay discrimination complaint made by anti-discrimination activist Garry Burns against Rugby League player Israel Folau due to the "egregious" nature of Burns' conduct.
EnergyAustralia will cough up $1.5 million in penalties for wrongfully disconnecting eight customers facing serious financial hardship.