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S&P settles investors’ case but class action will resolve when ‘hell freezes over’, court told
Financial Services 2025-06-24 11:00 pm By Sam Matthews

S&P has reached a settlement in a case by two Cayman Island companies over alleged defective ratings but a class action won’t settle until “hell freezes over,” a court has heard.

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PwC report found TerraCom netted $1.1M from inconsistent coal pricing, court hears
Trials 2025-06-16 11:41 pm By Andy Sidler

ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company’s claim that the audit found no wrongdoing.

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Penalty in ASIC case against TerraCom to wait until directors’ hearing
ASIC 2025-06-02 10:48 pm By Julia Kanapathippillai

Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial. 

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Judge won’t let ACCC case against Spotless, Ventia get ‘totally unwieldy’
Competition & Consumer Protection 2025-05-30 11:54 pm By Sam Matthews

The judge hearing the ACCC’s price-fixing case against Downer EDI’s Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won’t let the case become “totally unwieldy”.

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3A can’t duck cross-claim over cladding at Botany Bay towers
Construction 2025-05-28 11:43 pm By Cat Fredenburgh

Cladding maker 3A Composites has lost its bid to set aside a cross-claim in a suit against the builder of the Tempo residential towers in Botany Bay over allegedly flammable aluminium composite panels.

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TerraCom to pay $7.5M to settle ASIC’s whistleblower suit
ASIC 2025-05-27 11:56 pm By Cat Fredenburgh

Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower’s reputation. 

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Ventia hits back at ACCC price-fixing case, says Defence called for ‘collective’ talks
Competition & Consumer Protection 2025-05-13 11:19 pm By Sam Matthews

In the ACCC’s price-fixing case, infrastructure services company Ventia has joined with Spotless in arguing the companies were not in competition, and says it was the Department of Defence that arranged for the providers to talk.

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High Court won’t hear Dominique Grubisa’s appeal
High Court 2025-05-09 11:13 pm By Cat Fredenburgh

The High Court has rejected a special leave application by wealth guru Dominque Grubisa seeking to overturn a finding that she had actual knowledge that statements made by her company DG Institute to students who enrolled in her courses were misleading.

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Spotless denies ACCC’s price-fixing claims, says Ventia not a competitor
Competition & Consumer Protection 2025-05-06 11:42 pm By Sam Matthews

Downer EDI subsidiary Spotless has rejected allegations it engaged in price-fixing with Ventia on defence contracts, saying the facilities services companies were not in competition with each other.

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ACCC can bring misleading conduct claims against printer supplier
Competition & Consumer Protection 2025-04-29 11:04 pm By Andy Sidler

The ACCC has won court approval to bring claims against two companies in liquidation alleging they  engaged in unconscionable and misleading conduct in the sale of printing cartridges and cleaning chemicals. 

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