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Downer EDI hit with second shareholder class action over accounting irregularities
Infrastructure services company Downer EDI has been hit with a second shareholder class action following revelations of accounting irregularities that sent its share price tumbling.
Class actions pile up over Medibank data breach
Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.
In class action defence, Apple says App Store commissions the price to pay for innovation
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.
Melissa Caddick’s parents, receivers strike deal over Edgecliff property
The parents and receivers for accused Sydney fraudster Melissa Caddick have reached a deal over a multi-million dollar property in Sydney’s East, but the compromise remains to be blessed by out-of-pocket investors.
Racing Victoria planned agreement to ‘seriously breach’ competition laws, court hears
Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.
Shipping exec who felt pressured to retire wins $230,000 judgment
A former chief accountant for MUR Shipping who claims he was pressured to retire has won an appeal in his age discrimination case, bumping his damages award up from $20,000 to around $230,000.
Bloomex to admit to duping consumers with online ratings
Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission's allegations that it violated consumer laws by posting misleading customer ratings on its website.
Corrs avoids split trial in suit by client left liable for security bill after funder exit
Corrs Chambers Westgarth has defeated an application by a former client to split a trial in his breach of duty case against the law firm, with a judge saying while an initial hearing could save costs, the line between negligence and the merits of the underlying case were blurred.
NAB fails to resolve discovery spat in ‘boys club culture’ case
National Australia Bank has moved to set aside discovery requests in a suit by its former head of repo trading alleging she was bullied and paid less than other workers because of her gender.
Ex-BCEG directors claw back costs after shaving $12.5M off judgment
Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.