Class action settlements hit major milestones last year, with the year’s largest settlements totalling more than $1.5 billion and one case resolving for a historic $548.5 million.
Former political staffer Bruce Lehrmann has taken his fight against a civil finding that he raped colleague Brittany Higgins to the High Court.
The judge overseeing a whistleblower suit by the former head of recycling at Neometals has chastised the executive for using ChatGPT to prepare an unsuccessful stay application.
Reforms to Australia’s merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant” delays in the case.
A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
A court has found that two of the three heirs to the owners of property investor Kurtz Group can continue to use the services of Arnold Bloch Leibler, finding no risk of conflict.