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$43M class action settlement fair in light of Noumi’s financial position, court told
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company's financial position, a court has heard.
Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.
Court finds Qteq engaged in cartel conduct
A judge has found that Queensland-based mining equipment company Qteq and its chairman engaged in cartel conduct, including attempting to rig a multi-million dollar tender. 
Citing financial uncertainty, Star says trial in AUSTRAC case should not wait
Embattled casino operator The Star says a trial in AUSTRAC's case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
Construction PRO
Court clarifies tax treatment for land development
A court has weighed in on the tax treatment of the proceeds of developed land, finding the landowner did not engage in business-like conduct such that his profits should be considered income.
Construction PRO
Developer can’t claim setoff in spat with Tomkins over $55M Sunshine Coast apartments
An appeal against a ruling that the developer of a $55M Sunshine Coast residential complex could not set off a liquidated damages claim against builder Tomkins' pre-completion payment claim has been thrown out.
Sky News loses appeal in case of ‘wholesale copying’ by media monitor Isentia
An appeals court has dismissed Sky News' challenge to a ruling that media monitor Isentia was not liable for copyright infringement despite "wholesale copying" of content for government clients.
Barrister’s failure to file tax returns doesn’t warrant lifting suspension stay: tribunal
A stay of a barrister's suspension remains in place despite claims she failed to lodge eight tax returns, with a tribunal saying non-compliance with tax obligations did not necessarily render a lawyer unfit to practice.
Failed MLC class action can’t peek at settlement deed in resolved case
The applicant in a failed class action by members of NAB's MLC Super fund can't access a settlement deed in a separate class action against the fund trustee, which resolved days after the applicant's case was thrown out.
A ‘maddening morass’: Court strikes out COVID-19 vaccine class action
A judge has struck out an "incoherent" COVID-19 vaccine-related class action, saying someone could go "mad" trying to understand the pleadings in the case.