Allens

A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.

Rio Tinto has put down $75 million for Zanthus Resources' interest in the Yarraloola Iron Ore project assets in Western Australia's Pilbara region as part of a joint venture with Mitsui & Co and Nippon Steel.

Allens has advised Spark Renewables on a successful bid for access rights for its Dinawan Energy hub project.

In new allegations, a former Super Retail Group exec claims she and a fellow whistleblower were threatened by CEO Anthony Heraghty at a mediation and that the company appointed a conflicted law firm to investigate her complaints. 

Court approval of a $50 million settlement in a class action against ANZ and superannuation trustee OnePath has been delayed, after 22,000 group members were excluded from an opt-out notice due to a problem with OnePath's computing process.

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.

A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”. 

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.

Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia's renewable energy portfolio.

The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.