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S&P entitled to Rolls-Royce defence in CDO class action: court
S&P is free to pay for a Rolls-Royce defence in "Rolls-Royce litigation" that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
Clive Palmer’s nephew tells High Court he’s beyond reach of contempt
Clive Palmer's nephew has applied to the High Court for review of a decision rejecting his bid to dodge contempt proceedings, arguing he did not submit to the court's jurisdiction.
High Court shuns SingTel’s appeal over tax deductions for $14B Optus buy
The High Court will not review a Full Court ruling that backed the ATO’s rejection of over $894,000 in tax deductions related to SingTel's $14.2 billion acquisition of Optus.
AAI class action wants to press mandatory insurance claim at trial
A 'junk' insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim -- absent a sample group member -- that car dealers made purchasing a policy necessary for a loan.
Discovery led to funder dropping class action against Westpac unit
A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.
Funder pulls out of WestConnex class action
The funder bankrolling a class action by residents allegedly displaced by the construction of the $16.8 billion WestConnex tunnel has abandoned the case.
Accolade, Pernod Ricard tie-up goes down smoothly with ACCC
The ACCC has cleared Accolade's proposed acquisition of Jacob’s Creek owner Pernod Ricard, finding it is not likely to substantially lessen competition in the supply of wine.
Richard White steps down as WiseTech CEO
Richard White, the billionaire founder of logistics company WiseTech Global, has stepped down from his position as CEO amid media reports of bullying and inappropriate conduct.
Element Zero appeals search order win for Fortescue in trade secrets case
Green iron start-up Element Zero is continuing its fight over search orders won by rival Fortescue that it claimed were a massive over-reach.