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In a contest to run a class action against International Capital Markets over risky derivative products, a proposed consolidated proceeding has taken aim at third-to-file Banton Group for allegedly copying its case.
Santos wins bid for EDO communications as it pursues costs in Barossa pipeline case
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Santos has largely succeeded in its bid for documents from the Environmental Defenders Office and expert witnesses in a failed case challenging the construction of the oil and gas company’s $5.6 billion Barossa pipeline.
Delta Building appeals $1.5M fine in National Gallery bid rigging case
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Industrial technology company Delta Building Automation has appealed a $1.5 million penalty for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the amount it claimed it should face.
Barrister can’t beat professional misconduct finding over allegation of fraud
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An appeals court has knocked back a Melbourne barrister’s challenge to a decision that found him guilty of professional misconduct for making an unsubstantiated allegation of fraud in a costs dispute.
Lawyers weigh in on moratorium on climate disclosure litigation
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A Greens senator has called for reducing a proposed immunity from climate disclosure litigation from three years to one after lawyers, including the NSW Bar Association, blasted the moratorium. But some law firms say the immunity doesn’t go far enough and should shield companies and their officers from continuous disclosure-related claims.
Lendlease’s $1.3B sale of residential portfolio to Stockland raises red flags: ACCC
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Lendlease’s plan to sell a portfolio of residential community projects to Stockland for $1.3 billion has raised concerns for the ACCC, which worries the transaction may substantially lessen competition in the supply of residential masterplanned community housing lots in four regions.
Baker McKenzie partner joins Clayton Utz to bolster corporate practice
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Veteran corporate lawyer Jim Peterson has left Baker McKenzie to join the Clayton Utz team as a legal consultant in Brisbane.
PwC to pay $8.25M to settle class action over bond prospectus
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PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action’s claims.
ASIC a ‘toothless tiger’ that should be broken up, report recommends
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A Senate committee has release a damning report blasting the Australian Securities and Investments Commission as a failed regulator that should be broken up.
Nine fights Westpac’s bid to block media from reporting on ex-head of strategy’s case
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The Federal Court must guard against “exceptions by accretion” when weighing Westpac’s application to prevent the public from accessing documents filed in a lawsuit by the bank’s former head of strategy, which has resolved in a confidential settlement, a judge heard Wednesday.