A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.
An appeals court has rejected Keybridge CEO Nick Bolton’s challenge to a ruling that found that he and two other directors were validly removed at a board meeting, finding in favour of shareholder WAM Active.
A former synagogue president has won $120,000 in damages after suing The Age and two journalists over articles that accused him of unilaterally inviting a convicted spy to speak at an event.
Rugby team the Sydney Roosters has purchased a 26-room UKO co-living apartment block in Paddington in Sydney’s east.
Pianist Jayson Gillham’s claims against the Melbourne Symphony Orchestra will go to trial after a judge rejected its argument that his case should be dismissed because the protections of the state Equal Opportunity Act do not constitute workplace law.
Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.
Resolving a split between courts, the High Court has confirmed that judges have power to make soft class closure orders, which require class action members to register before mediation to participate in any resulting settlement.
ANZ has sued several insurers seeking coverage for two class action settlements totalling $117 million, plus defence costs, in cases stemming from the banking royal commission.
A Melbourne law firm has been hit with a $48,840 penalty in a case by a junior lawyer who was required to work over 200 hours in three weeks, including several days and nights spent working around the clock in a hotel.
The corporate watchdog has imposed additional conditions on Macquarie Bank’s financial services licence, citing multiple and significant compliance failures.