Please login to bookmark Close
Gaming giant Sony has agreed to pay a $3.5 million penalty to settle proceedings brought by the ACCC for making misleading consumer representations to purchasers of PlayStation games.
Ex-Ferrari CEO tried to convince employee to have abortion, court papers show
Please login to bookmark Close
The former CEO of Ferrari Australasia allegedly tried to talk an employee with whom he was having an affair into terminating her pregnancy, according to his lawsuit alleging he was unfairly sacked for engaging in what was “routine” behaviour among the upper ranks at the prestige car maker.
Former Sirtex boss released on good behaviour bond after insider trading conviction
Please login to bookmark Close
The former CEO and director of biotech company Sirtex Medical was sentenced Thursday to 18 months’ imprisonment for insider trading but was released immediately on a three-year good behaviour bond.
‘Sins of omission’: Westpac’s money laundering breaches not deliberate, report says
Please login to bookmark Close
The failings that led to enforcement action against Westpac over 23 million alleged breaches of financial crime laws were ones of omission, and not the result of intentional wrongdoing, according to an independent report released by the bank on Thursday.
Toxic foam class action settlement hearing runs to second day, with ‘unusual’ number of objections
Please login to bookmark Close
The settlement of three class actions brought against the Commonwealth of Australia over its alleged use of toxic firefighting foam on government military bases is facing an unusually high number of objections, pushing an approval hearing into a second day as dissenters voice their concerns in court.
Robodebt recipients won’t be asked to waive class action claims
Please login to bookmark Close
Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.
‘An immediate conflict of interest’: Appeals court tosses opt out notices in AMP class action
Please login to bookmark Close
An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
Ex-Beem It boss takes fintech, CBA to court
Please login to bookmark Close
Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case have not been released pending a bid to keep the claims confidential.
ASIC’s proposed $5M penalty against CBA ‘on the light side’, judge says
Please login to bookmark Close
A judge has questioned ASIC’s proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was “on the light side” for the bank’s conduct in overcharging $8 million in fees on its agricultural products.
Clive Palmer defeats $100M in claims by Queensland Nickel liquidator
Please login to bookmark Close
Clive Palmer has defeated over $100 million in claims brought by the liquidator of Queensland Nickel over the $200 million collapse of the the mining company in 2016, with the Queensland politician threatening a possible lawsuit against the liquidator and the funder that backed the claims, Vannin Capital.