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The Australia and New Zealand Banking Group told the court on Tuesday that it urgently needs a statement of facts, during the first hearing in the highly anticipated criminal cartel case against three investment banks.
A Federal Court judge has put ASIC's first fees for no service case, brought against two units of National Australia Bank's wealth management division, on an expedited timetable, saying the case was not new territory for the bank.
The stakes will be high for both sides when some of the country's top competition lawyers face off against the ACCC Tuesday in the first hearing in a closely watched criminal cartel case against three investment banks over a $2.5 billion ANZ institutional share placement.
The litigation funder backing a class action against engineering company UGL over disclosures related to the ballooning costs of its Ichthys power project could pocket up to 30 percent of any settlement or judgment, according to a court order.
Macmahon Holdings has agreed to pay $6.7 million to settle a shareholder class action alleging the mining company failed to provide adequate disclosures about the impact delays on a project for Rio Tinto in the Pilbara would have on its profitability.
Hytera Communications wants the Federal Court to block Motorola from accessing evidence in their patent war covered by Chinese laws prohibiting disclosure of state secrets or compromising the country's cybersecurity.
A landmark ruling that transferred four competing federal class actions against AMP to state court will stand, with the law firms behind the cases opting out of a fight in the High Court.
Herbert Smith Freehills has won a ruling that puts United Petroleum on the hook for the costs -- on an indemnity basis -- of the law firm's defence against a case that was, according to a judge Tuesday, "devoid of merit".
The judge presiding over two shareholder class actions against Murray Goulburn indicated Friday he would likely let both cases proceed jointly to a trial in 2020.
BMW Australia plans to challenge the NSW Supreme Court's power to create a common fund order spanning six class actions brought against major players in the automotive industry over defective and dangerous Takata air bags.