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ASX Limited has reached a settlement with the corporate regulator just hours before a scheduled trial in a case over a market announcement that said its CHESS replacement project was “progressing well”.
Defunct forex broker Union Standard and its former agents have been hit with a combined $300.2 million penalty for “egregious” contraventions, including deliberately pushing risky derivative contracts onto inexperienced investors.
Pitcher Partners has argued in its case against a former client over a $1.3 million abort fee that treating proposed deal changes as material departures would enable parties to avoid such fees by putting forward absurd terms.
A Mitre 10 franchisee’s case alleging Bunnings engaged in anti-competitive conduct by launching a $36 million store in regional Queensland will have significance for other independent hardware retailers that have closed down, a court has heard.
A class action alleging Sportsbet provided unlawful gambling services plans to cross-examine its CEO over his claim the company would not have offered the bets if it knew they were illegal, with the court hearing he relied on legal advice.
The High Court won't hear a challenge to a dismissed negligence suit against a Sydney solicitor, in an appeal dealing with whether lawyers need to examine the underlying contracts in a dispute before determining whether a claim or defence has merit.
Oral care company Hismile has paid $138,600 in penalties after the consumer watchdog issued it with seven infringement notices over alleged false and misleading social media advertisements.
A shipping and logistics company that services remote communities in the Northern Territory and Far North Queensland has amended its contracts with remote customers, after the ACCC expressed concerns about anti-competitive clauses.
Cement Australia has lost its bid to have a construction issue relating to a deed of release in a fight with a defunct subsidiary over a $1.2 million asbestos claim determined ahead of trial.
Children’s charity The Smith Family will pay $5.9 million to hundreds of underpaid workers following an investigation by the Fair Work Ombudsman.