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The applicant in a class action over a COVID-19 outbreak aboard the Ruby Princess is seeking an $8 million costs order against Carnival, after the cruise ship operator lost its challenge to a negligence finding.
Funder drops Gladstone Ports class action, mulls negligence suit against lawyers
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The funder behind a class action against the operator of Gladstone Port has bowed out after spending $30 million on the case, and is weighing proceedings to recover its sunk costs from the law firm that initially ran the litigation.
ANZ agrees to $240M in fines for ‘widespread misconduct’
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ANZ has agreed to pay $240 million in penalties to resolve four separate cases by the corporate regulator, including a record $80 million penalty for unconscionable conduct in its dealings with the federal government.
CityLink can’t void toll roaming pacts with ConnectEast after $36M loss
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CityLink has lost a bid to void toll roaming agreements with ConnectEast after it was ordered to repay $36 million in overcharged roaming fees, with a judge rejecting its arguments as contrary to City Link-specific legislation.
Abu Dhabi National Oil drops $30B takeover bid for Santos
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A consortium led by the investment arm of Abu Dhabi’s National Oil Company has dropped a $30 billion takeover bid for oil giant Santos.
Company loses bid for $6M in compensation for Sydney Metro’s compulsory acquisition
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The owner of a dental practice compulsorily acquired by Sydney Metro for the Metro West project has lost a bid for $6 million in compensation, with a judge rejecting its claim for ‘special value’ in the land.
Developer must produce noise reports in nuisance suit over $284M wind farm
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The developer of the Berrybank wind farm must produce expert communications in a lawsuit over noise emissions from its turbines, but can shield documents pointing to any defects.
$1.1B promised by Albanese government to back cleaner fuel projects
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As a new report warns of the devastation to Australia of ignoring climate change, the Albanese government has vowed to invest over $1 billion to support more sustainable fuel options.
AMP to pay $120M to settle superannuation class action
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AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
ASX accused of sacking head of trading tech after CHESS complaints
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A former head of trading technology at the ASX has filed a lawsuit claiming he was axed after he raised concerns about insufficient resources to operate the market properly, including in relation to the exchange’s CHESS replacement project.