Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.
A Slater and Gordon lawyer representing three unions seeking Fair Work Commission approval for a proposed tie-up, has slammed an “urgent” email from counsel at Herbert Smith Freehills claiming a newly discovered contempt matter involving one of the deal’s applicants should bar approval of the deal.
Toll Global has been fined $75,000 after pleading guilty to transporting over 16,000 kilograms of expandable and flammable polymer beads by truck.
Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday.
Energy Australia is not backing down in an industrial dispute over overtime pay for casual workers at its Yallourn Power Station, seeking leave to appeal a judge’s dismissal of its case and his ruling that it foot the unions’ entire legal bill.
A Fitbit suit challenging two trademarks owned by South Australian convenience store king Yasser Shahin should be moved to South Australia, Shahin has told a court.
The ACCC has set out its priorities for 2018, and bigger penalties for big business flouting competition laws is top of the agenda, the commission’s chief said Tuesday.
S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
Under new rules set to take effect Thursday, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected individuals when a data breach occurs.
The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.
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