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Accounting giant Deloitte Touche Tohmatsu will not face cross claims over the collapse of failed retailer Dick Smith when a hearing of three shareholder class actions kicks off in three months.
Funder’s cut, legal fees face scrutiny in second Murray Goulburn class action
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The litigation funder financing the second of two recently settled shareholder class actions against Murray Goulburn will face similar scrutiny over its commission as the funder behind the first action.
Bellamy’s to pay $49.7M to settle shareholder class actions
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Infant food maker Bellamy’s has agreed to pay $49.7 million to settle two shareholder class actions alleging the company misled investors in 2016 about its China growth strategy and declining infant formula market share in Australia.
Israel Folau ups damages claim against Rugby Australia to $14M
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Former Wallabies player Israel Folau, who was sacked over homophobic social media posts, has increased the damages he is seeking in his unfair dismissal case against Rugby Australia, calling for $14 million in compensation as “Australia’s best player”.
Struggling tech firm Irexchange accused of misleading shareholders in new suit
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Troubled retail technology firm Irexchange is accused of misleading shareholders through three different capital raising offers, according to a new Federal Court case brought by investors who sunk over $4.5 million into the company.
‘We will work on that’: Sexual harassment suit says ex-councillor persisted with advances despite complaint
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A local businessman and former local council member behind a dramatic change in Victoria’s trading hour laws has been sued for sexual harassment by a former employee who alleges he continued to contact her even after she expressed discomfort with him trying to touch her, allegedly telling her “we will work on that”.
Judge quashes watchdog’s decision to probe AWU over GetUp! donations
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An investigation into donations made to activist group GetUp! by the Australian Workers’ Union more than a decade ago has been closed down by a judge, who has also ordered the return of documents seized in high-profile raids of the union’s offices.
Dentons defends Afterpay money laundering advice
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Dentons is standing by the legal advice it gave to Afterpay regarding its compliance with anti-money laundering laws, after an independent auditor found the buy now, pay later company received “incorrect” advice from top-tier Australian law firms.
ASIC dodges $10M defamation suit as judge points finger at traders
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ASIC has successfully defended a $10 million defamation case brought by a Canadian trader, with a judge finding any loss experienced was due to his firm’s traders manipulating the market.
Westpac responds to class action, says members benefited from ‘high’ super fees
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Two Westpac units have defended their choice to charge higher superannuation fees, saying in their responses to a Slater and Gordon class action that customers received numerous positive benefits in exchange for the charges.