CityLink operator CML, which was found to have overcharged Eastlink operator ConnectEast, has argued that it also overpaid and is entitled to damages, but ConnectEast has told a judge the claim is time-barred and doesn’t fall within a cross-claim exception.
NAB has agreed to pay a $15.5 million penalty for failing to respond to customer hardship notices, around half the size of the penalty ASIC is seeking against Westpac for similar breaches of the Credit Code.
A judge has sent to the Full Federal Court Medibank’s fight to shield Deloitte reports into a data breach, raising concerns about how evidence from a solicitor and the health insurer’s inhouse lawyer was previously treated.
Ashurst and King & Wood Mallesons are working behind the scenes on the proposed union of long-time partners Brickworks and investment house Washington H. Soul Pattinson, a merger that shows capital markets are ready to back big deals, one lead lawyer says.
Lendlease and tax advisory firm Greenwoods & Herbert Smith Freehills have reached a settlement in a case by solicitor and accountant Anthony Watson, which accused the builder of taking an “aggressive” position on its taxes.
Lendlease and Greenwoods & Herbert Smith Freehills have resolved a lawsuit by a former partner that alleged he was effectively fired for complaints about the builder’s “aggressive taxation position”.
A $67 million settlement has been reached in a class action alleging Queensland-based superannuation fund QSuper overcharged members for life insurance premiums.
Lendlease can’t bring new claims in an unsuccessful fight over Campbelltown plots worth $120 million, with a judge finding it was not appropriate to allow the amendments “at this very late stage”.
A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member.
On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.