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A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.
Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.
Construction PRO
A parliamentary committee has said the Victorian government must release all evidence supporting the demolition of 44 public housing towers in Melbourne, some of which are the subject of a dismissed class action that is being appealed.
Former PriceWaterhouseCoopers chief executive Tom Seymour has been fined $15,000 and suspended as a chartered accountant, shortly after he was banned from acting as a tax agent over the firm's tax leaks scandal.
Construction PRO
Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.
Construction PRO
Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets.
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were "very significant".
A judge on Tuesday penalised Google $55 million for anti-competitive deals requiring Telstra and Optus to pre-install its search engine on Android devices, but has questioned why action wasn't taken against the telcos.
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge's former link to Deloitte.
Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.