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Crown Resorts has reached agreement on a proposed penalty in AUSTRAC's case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.
Consumer food giant General Mills is suing relish maker Baxters, alleging breach of an agreement to manufacture Old El Paso products for sale in Australia.
Holding Redlich has been given a reprieve from putting on a defence in a lawsuit by the NSW Labor Party alleging the law firm was negligent in advice over a $100,000 illegal cash donation delivered in an Aldi shopping bag.
Apple has denied it engaged in anti-competitive conduct in operating its App Store in a class action brought over allegedly inflated commissions on certain apps and in-app purchases.
Two executives involved in ANZ’s $2.5 billion equity capital raising have stood by arguments that the book was covered when the bank’s underwriters took up $750 million of the shares, despite ASIC’s allegations of “receding demand” on the day of the placement.
A class action over the collapse of Walton Construction has argued the National Australia Bank cannot shield communications with Norton Rose Fulbright and Deloitte because they were made to further a fraud or otherwise had an illegal or improper purpose.
ANZ has told a court it had no obligation to disclose a $750M bailout by the underwriters of a $2.5B equity capital raising in 2015, in ASIC's case alleging the bank breached its continuous disclosure obligations by failing to alert the market to the bailout.
A senior ANZ executive was “deeply concerned” by the size of the shortfall in its $2.5 billion 2015 equity capital raising, the court heard on the first day of trial in ASIC’s civil penalty case against the bank over alleged disclosure breaches.
As trial in family feud nears, Gina Rinehart’s Hancock Prospecting rebuked for contributing to delay
A judge has granted a discovery bid by two of Gina Rinehart's children as a long-running fight over ownership of a valuable mining tenement nears trial, and has rejected her company's argument that they were solely responsible for dragging out a dispute over documents.
KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves.