A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.
In a long-running intellectual property fight with the University of Sydney, an expert witness for ophthalmic diagnostic device maker ObjectiVision has been grilled in the witness box over a report that claims parts of the company’s AccuMap system was copied.
A barrister for actor Geoffrey Rush has accused Nationwide News of wanting to change its defence purely to gain access to Sydney Theatre Company documents blocked by an earlier judgment.
Supermarket chain Aldi Foods has made several attempts to negotiate with its drivers’ union in a long running industrial dispute, but the union refuses to sit down for talks, a court heard last week.
Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President’s Club Ltd.
Qantas has struck out a second time in a week in a bid to have an outside lawyer represent it in proceedings before the Fair Work Commission, with a commissioner saying Thursday the airline was “more than capable” of representing itself.
Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they should be “consigned to the dustbin of procedural history.”
A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator’s failed takeover bid for a rival.
The Turnbull government will continue to pursue legislation that would have blocked the merger of the Construction, Forestry and Energy Union with two other unions by submitting the amalgamation to a public interests test.
Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.
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