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As trial enters its second week in a landmark case against S&P Global, a judge has signed off on a settlement of a separate class action against the U.S. credit ratings agency over its alleged role in the global financial crisis.
The Full Federal Court has shot down Prysmian Cavi E Sistemi's appeal of a $3.5 million fine for alleged cartel conduct.
Auditing firm Pitcher Partners has filed its defence in a class action accusing it of wrongly signing off on Slater & Gordon's financial reports, denying responsibility for alleged material misstatements that investors say they relied on to their detriment.
In a win for aviation services company Aerocare, a court on Friday ruled the company's bid for review of its controversial split-shift rosters was not an abuse of process as two unions had argued.
S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.
Airport workers protested Friday as the Federal Court prepared to hear arguments in a case over whether staff can be made to work split shifts.
A Federal Court judge on Friday signed off on $100 million in settlements between Australia's securities regulator and National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. for attempting to manipulate the market for the bank bill swap reference rate.
Members of a class action against Slater and Gordon have until Tuesday to make their case against the $36.5 million settlement hammered out by Maurice Blackburn's lawyers.
Westpac Banking Corp. will go it alone and defend itself at trial against claims by Australia's securities regulator that it rigged interest rates, after National Australia Bank and Australia and New Zealand Banking Group reached settlements on the eve of trial.