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Citing ‘leisurewear effect’, judge says Brambles class action witness should testify in person
A judge has rejected a bid by chain logistics company Brambles to allow two of its US-based witnesses to appear remotely at an upcoming trial in a shareholder class action, saying the executives should make the trip or give no evidence.
ASIC won’t enforce $7.2M penalty against Dixon Advisory
The Australian Securities and Investments Commission will not seek to enforce a $7.2 million penalty agreed to by Dixon Advisory after admitting to the regulator’s allegations that it failed to act in its clients' best interests.
Mazda’s conduct not just ‘appalling customer service’ but unconscionable, ACCC says
A judge was wrong to find that Mazda's treatment of customers with faulty vehicles was appalling but not unconscionable, and nowhere in his ruling is there an explanation for the distinction, the consumer regulator has told an appeals court.
‘No brainer’ that Arrium was failing when directors drew down funds, court told
Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a “no brainer” that the company was in dire straits when its directors sought extra funds.
A ‘futile exercise’: Palmer, McGowan win chump change in costly defamation battle
A court has awarded Western Australia premier Mark McGowan and mining billionaire Clive Palmer paltry sums in their defamation battle, with a judge finding that Palmer suffered “very little damage” to his reputation.
ALRC calls for federal judicial commission to deal with complaints against judges
The Australian Law Reform Commission has recommended the establishment of a federal judicial commission as a "transparent and independent" way of addressing concerns about the conduct of judges.
NSW ICAC says pork barrelling could constitute criminal corruption
The NSW Independent Commission has found that pork barrelling, in which a minister directs public funds for partisan political purposes, could sometimes amount to criminal corruption and has called for better regulation of grants funding.
IAG hit with shareholder class action over COVID-19 risk disclosures
Insurance Australia Group faces a class action by shareholders over its disclosures connected to the impact of COVID-19 claims by policyholders.
Big Un auditor convicted of failing to comply with auditing standards
The lead auditor for Big Un's flawed 2017 independent audit, which overstated the failed video company's cash and cash equivalents by $8.2 million, has been convicted of failing to comply with auditing standards following an investigation by ASIC.
Chubb falls short in $2.3M dispute over coverage for Inchcape ransomware attack
A judge who lashed “unsatisfactory cooperation” between Chubb and British automotive distributor Inchcape has found the insurer’s policy covers some but not all costs stemming from a cyber attack which allegedly caused over $4 million in loss.