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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.
Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.
An Ashurst Perkins Coie partner who has worked on some of the country's largest deals is leaving for A&O Shearman, where he will co-lead the firm's Australian corporate and M&A practice group.
A mid-trial amendment bid by shareholders in a class action over Arrium's collapse will delay cross-examination of the company's CEO and former directors, who told a judge Wednesday they should not be required to enter the witness box until the issue is resolved.
Construction PRO
A judge has tossed a lawsuit by the owners of the common area at a Pitt Street arcade seeking $11.55 million for the compulsory acquisition of a pedestrian access easement for the Sydney Metro, finding they were not able to recover the losses of individual lot owners.
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.
A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.
Construction PRO
Squadron Energy is poised to expand into battery storage and hybrid renewable energy projects after refinancing its $2.7 billion wind portfolio.
A mid-trial fight has erupted in a class action over the collapse of steelmaker Arrium, with the company's auditor and directors saying the case had swerved, and the plaintiff accusing the respondents of "playing games".
KPMG told Ashurst that a whistleblower had not provided sufficient detail for the firm to determine whether his disclosures were protected under the whistleblower regime, despite having covertly downloaded information on his complaints from his computer.