Please login to bookmark Close
ASIC has lodged an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.
Rio Tinto invests $35M in Calix green steel plant
Please login to bookmark Close
Mining giant Rio Tinto has put the development of its steel-making decarbonisation technology BioIron on ice, opting instead to invest $35 million into Calix’s zero emissions steel technology demonstration plant.
Developer can’t appeal modification rejection under Heritage Act, court says
Please login to bookmark Close
A judge has tossed a developer’s challenge to a NSW Heritage Council decision on a new residential development plan for the site of the former Kenmore Hospital in Goulburn, saying there was no decision to appeal.
Lander & Rogers appoints new competition partner from HSFK
Please login to bookmark Close
Lander & Rogers has recruited a competition law expert from Herbert Smith Freehills Kramer for its corporate team ahead of the new merger review regime.
ASIC wants $85M in fines against Harvey Norman, Latitude, says GC apology ‘performative’
Please login to bookmark Close
ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.
CBUS trustee agrees to pay $23.5M in ASIC death benefits case
Please login to bookmark Close
The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator’s case over excessive delays in processing $20 million in death and disability claims.
Court approves $8.7M settlement in Exactech class action
Please login to bookmark Close
A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.
Nielsen exec claims unfair dismissal after husband’s axing, can’t get job back
Please login to bookmark Close
A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.
ASIC blitz targets Shield, First Guardian advisers, research firm
Please login to bookmark Close
The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.
Mayne wins breathing room in fight to get Cosette merger over the line
Please login to bookmark Close
Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.