Allens

A judge has approved a $22.5 million settlement in a class action against two former CBA wealth management units, under which group members will receive just $5.12 million and the lawyers and funder will receive the lion’s share.

A class action has told the Federal Court that franchisees of defunct Westpac subsidiary RAMS felt targeted and discriminated against after being flagged for "suspected anomalies" during an investigation.

IG Energy’s former subsidiary has resolved a dispute over a $3.5 million surplus from the administration of IG’s interest in the Callide power station in Queensland. 

A judge is confused by a class action’s case for damages against Coles, after he found that the supermarket chain misled consumers through its 'Down Down' discount campaign. 

The former majority owner of NY-based Infrastructure Capital Holdings has won its bid for documents ahead of mediation in a suit alleging Foresight Group Holdings undervalued the company's investments in Kinetic and Zenith Energy, which sold for a combined $5.7 billion last year.

Allens has denied a senator's claims that it exercised "poor judgment" when accepting answers from three KPMG partners as credible during an investigation into whistleblower claims.

Optus chair John Arthur said Friday KPMG's alleged sharing of the telco's confidential information to win business with Telstra was an “egregious breach of responsibilities”. 

The chair of Dexus told a parliamentary inquiry Friday that this initial reaction to an Allens report into a whistleblower’s allegations about ethical failures at KPMG was “why didn’t you come and talk to us?”.

Macquarie Group chairman Glenn Stevens will face the latest parliamentary joint committee hearing Friday into KPMG ethic's scandal, joining executives from Westpac, Optus and Dexus.

Squadron Energy is poised to expand into battery storage and hybrid renewable energy projects after refinancing its $2.7 billion wind portfolio.