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The ACCC is appealing a ruling dismissing its cartel case against Cascade Coal that alleged the company reached an agreement with rival Loyal Coal in the 2009 tender process for mining exploration licences in the Bylong Valley, NSW.
A week before WorleyParson's CEO promised shareholders net profits in excess of $322 million for the 2014 financial year, the engineering group's global finance director told its CFO that the company's earnings targets were "a stretch", according to an email uncovered in a shareholder class action.
The Federal Court has dismissed an application by tax lawyer Michael Binetter and his wife Suzanne Binetter to dip into over $3 million in frozen assets to fund a case over an alleged $120 million international tax evasion scheme.
The credibility of a witness in the ACCC's dismissed cartel case against Cascade Coal may prejudice an upcoming criminal trial against the son of former NSW Labor minister Eddie Obeid, a court was told Friday.
The Australian Competition & Consumer Commission's high profile case alleging cartel conduct and bid rigging for mining exploration licences in NSW was dismissed by the Federal Court on Friday, but the reasons for dismissal may not be known for another year.
The Australian regulator that oversees car recalls is looking into whether Mercedes-Benz supplied cars in Australia that contain a defeat device, after regulators in the UK and Germany ordered mandatory recalls of cars fitted with the software used to cheat on emissions tests.
The fate of class actions against Volkswagen in the sprawling Australian case over the car maker's diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.
Volkswagen has been ordered for a third time to provide the court with the names of employees who were involved in approving the emissions cheat software that's at the center of litigation by Australia's consumer regulator and several class actions against the German car maker.
The first stage of the Australian trial alleging Volkswagen installed dual-mode software in diesel vehicles to cheat on emissions tests will wrap up Monday, when class action lawyers deliver a final rebuttal and closing arguments.
Volkswagen lost its bid Tuesday to exclude evidence from its own expert witness it claims has gone off script, an early blow to the car maker in the massive trial alleging it installed dual-mode software in diesel vehicles to cheat on emissions tests.