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Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
A judge has suggested there may be merit in waiting for Johnson & Johnson to file a defence before deciding an application for a group costs order in a class action accusing the company of selling defective, carcinogenic talcum powder.
A judge has criticised the principal of boutique firm Adero Law for not doing enough to contact group members to share in a $19.25 million settlement in an underpayments class action against hospitality giant Merivale, including conducting a Google search.
A judge has allowed a mid-trial amendment in a shareholder class action over software company Nuix's 2020 public float on the ASX.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
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Electricity network provider Transgrid says network upgrades are needed to deal with the "unprecedented interest" in connecting new data centres and that centre operators should foot the bill.
Construction PRO
Bathroom products giant Reece has lost its challenge to a decision that found its lease of a western Sydney warehouse remained on foot after it made an invalid attempt to terminate the ten-year deal.
The former CEO of money laundering software company Kyckr is fighting Richard White’s bid for all his costs, after the judge said that she “abandoned” her previous statement of claim.
In a win for the ACCC, a judge has found online dating site eHarmony misled consumers about automatic subscription renewals and its free plan, which the judge found imposed restrictions that were incompatible with the idea of 'dating'.
A judge is confused by a class action’s case for damages against Coles, after he found that the supermarket chain misled consumers through its 'Down Down' discount campaign.