Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
The corporate cop has found “widespread” compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.
A fourth law firm is investigating a class action against Google for allegedly abusing its dominance in the market for online advertising.
The judge hearing the ACCC’s price-fixing case against Downer EDI’s Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won’t let the case become “totally unwieldy”.
Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company’s bankruptcy.
There are at least three individual suits proceeding against Melbourne law firm Waller Legal after a class action alleging it consistently failed to bring economic loss claims on behalf of sexual abuse clients was declassed, a court has heard.
A judge has found that Nine’s apology to the former owner of collapsed budget airfare company Bestjet over unsubstantiated claims made in a story about the company’s demise was sufficient to resolve their defamation dispute.
A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders.
A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed “animus” towards the prestigious private school, a judge has said.
Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.