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After settlement rejected, ASIC takes Westpac case to trial
The corporate cop's case against Westpac over allegedly irresponsible lending practices will go to trial after the Federal Court rejected the bank's $35 million settlement.
Gadens to run consolidated Quintis class action, court hears
A shareholder class action led by Bannister Law against sandalwood oil producer Quintis will be absorbed by rival law firm Gadens in a consolidation agreement that ends a battle over the competing cases.
Contractors may be dragged into Sydney light rail class action
The NSW Government is mulling cross-claims against construction firms ALTRAC and Acciona in a class action alleging the government failed to minimise disruptions from the Sydney light rail project.
Slater & Gordon looks to bow out of AMP class action beauty parade
And then there were four. Plaintiffs law firm Slater & Gordon wants to consolidate its AMP shareholder class action with Maurice Blackburn's case and hand over the reins to its rival, a deal signed the day the Full Federal Court affirmed the power of judges to shut down competing class actions.
Hastie liquidators offer to settle with builders over $124M in unpaid bills
Hastie Group's liquidators have offered to drop their $124 million case against two dozen major builders if the companies agree to pay an undisclosed sum toward their unpaid bills, a court heard Friday.
Insurance broker JLT hit with class action over excessive premiums
Quinn Emanuel has hit global insurance broker Jardine Lloyd Thompson with a class action for allegedly charging local councils in NSW hundreds of millions of dollars in excessive premiums over the past nine years, and the firm says there may be more lawsuits on the horizon.
High Court rejects CFMMEU’s appeal of $306,000 fine
The Construction, Forestry, Maritime, Mining and Energy union has lost its bid to be heard by the High Court of Australia after an appeals court upheld a $306,000 fine for the illegal conduct of its former Queensland president and warned of the prospect of deregistration.
Battle to lead AMP action begins, and class members already winners, court told
The showdown between five law firms vying to lead a class action over the AMP fees for no service scandal kicked off in the NSW Supreme Court Thursday with counsel for one case saying the contest, although costly and consuming, would ultimately be a win for all class action participants.
Ex-RBA official Christian Boillot jailed for 2.5 years over bribery scandal
Former Reserve Bank of Australia official Christian Boillot was sentenced Thursday to a two and a half years' suspended jail term over his role in a conspiracy to bribe foreign officials to win banknote business.
ASIC filing puts spotlight on ANZ treasurer in $2.5B capital raising case
ANZ treasurer Rick Moscati was at the centre of a flurry of phone calls and meetings with underwriters and other bank executives on the day the underwriters agreed to pick up a $791 million shortfall in a $2.5 billion capital raising, an agreement which has led to groundbreaking cases by two regulators, according to a new court document.