Please login to bookmark Close
Prosecutors will oppose a bid by ANZ, Citigroup, and Deutsche Bank to cross-examine witnesses at the upcoming committal hearing of the criminal cartel case over ANZ’s botched $2.5 billion institutional share placement.
Judge slammed by Full Federal Court for ‘egregious departure’ from role
Please login to bookmark Close
The Full Federal Court has ordered a retrial in a landmark Fair Work Ombudsman case that saw the owner of a Cairns tour company sentenced to 12 months’ jail, criticizing the sentencing judge for being “sarcastic, disparaging and dismissive” of the tour operator’s evidence.
Actor John Jarratt’s defamation case against Daily Telegraph to move forward following rape acquittal
Please login to bookmark Close
A defamation case brought by Wolf Creek actor John Jarratt against the Daily Telegraph will now proceed, following his acquittal last week on rape charges.
‘Theft is theft’: Virgin baggage handlers’ sacking over missing cigarettes not unfair, FWC says
Please login to bookmark Close
The Fair Work Commission has ruled that “theft is theft, no matter the value” as it dismisses the claims of two Virgin Australia baggage handlers who allegedly stole two packets of cigarettes worth less than $50 while loading freight onto a domestic flight.
Combustible cladding defendants may drag engineers, certifiers into class action
Please login to bookmark Close
German-based cladding manufacturer 3A Composites has foreshadowed potential cross claims against third party engineers and certifiers in one of two class actions brought over allegedly dangerous combustible cladding used in countless buildings across Australia.
Dick Smith insurers face class action over IPO-related policy
Please login to bookmark Close
Allianz and a number of other insurers of Dick Smith are now facing a class action over the extent of coverage under an insurance policy for the collapsed electronics retailer’s initial public offering.
Embattled ex-Quintis boss loses $13.3M sandalwood plantation loan dispute
Please login to bookmark Close
Frank Wilson, solicitor and founder of failed sandalwood producer Quintis, has been ordered by a court to repay a $13.3 million loan used to invest in a 215 hectare Indian sandalwood plantation.
Sims Metal class action funder to get no more than 25%, shareholders guaranteed at least half
Please login to bookmark Close
Noting the “significant and beneficial reduction” in recent funding rates, the judge overseeing a shareholder class action against recycling company Sims Metal Management has signed off on an order capping the commission of the funders at 25 per cent of any net proceeds and setting a minimum 50 per cent of any recovery for group members.
Treasury Wine tries to claw back former exec’s $1.3M bonus
Please login to bookmark Close
Treasury Wine Estates is trying to claw back a $1.3 million share bonus paid to former managing director Peter Dixon, alleging serious misconduct relating to the intellectual property theft of highly confidential documents.
Referee to weigh in on costs in $42M Murray Goulburn class action settlement
Please login to bookmark Close
A Federal Court judge has appointed a costs referee in a shareholder class action against two units of dairy co-op Murray Goulburn over a 2016 profit forecast revision which recently settled for $42 million.