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ASIC has found that customers have not been receiving the promised benefits of mortgage offset accounts and have been unknowingly paying more interest than they should have, with banks already paying out $55 million in compensation.
Johnson & Johnson has agreed to pay $7.9 billion to resolve multi-district litigation in the US alleging its talcum powder caused cancer, a settlement Shine Lawyers said was a positive development as it readies for a first case management hearing in its class action.
Construction PRO
A judge has rejected Forte Construction's bid to overhaul its defence to $6.3 million in claims by the liquidators of collapsed real estate fund manager iProsperity, saying the company had shown "contumelious disregard" for the court's earlier orders.
Jones Day has recruited Milbank's head of APAC restructuring for the global firm's Sydney office to bolster its insolvency practice.
One Nation politician Pauline Hanson has lost her appeal of a ruling that found she breached the Racial Discrimination Act with a tweet that said Greens senator Mehreen Faruqi should “piss off back to Pakistan”.
Construction PRO
A seasoned energy lawyer who cut his teeth at Norton Rose Australia and US firm Skadden Arps has been appointed general counsel at Firmus, as the AI data centre start-up preps for a $7 billion public float later this year.
Construction PRO
Three-storey housing should be allowed in most suburbs, the Productivity Commission has recommended in a report that finds existing housing regulations have stymied new developments.
Construction PRO
Metals Manufactures has launched legal action for $33 million in damages against Fletcher Building and unit Crane Group, saying it was misled into paying $170 million for plumbing supply business Tradelink.
Construction PRO
A court has rejected a bid to undo the state significant development status of a proposed 37-storey, 100-unit shop-top housing development in Northern Sydney.
The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.