Shareholders of Commonwealth Bank have lodged expected appeals challenging a decision tossing their class actions over alleged lax money laundering compliance, giving the Full Federal Court a chance to clarify when companies must disclose regulatory investigations.
A judge has expressed concern about the Australian Securities and Investments Commission’s suspicion that a former director of Keystone Asset Management may have used investor funds to purchase a house in his wife’s name, calling it “alarming”.
A judge has ordered Transport for NSW to only pay 65 per cent of the costs of a class action over Sydney’s $3 billion light rail construction, finding it was not inappropriate to apportion costs even though the plaintiffs were largely successful.
Former radio host Antoinette Lattouf will soon file Federal Court proceedings against the ABC after an attempt to mediate a dispute over her alleged unlawful termination was unsuccessful.
A contract dispute between Creedence Clearwater Revival frontman John Fogerty and Country Fest Queensland will be arbitrated in California, after a judge found equivalent claims could not be brought under Queensland law.
Video game maker Epic Games has attacked as “entirely contrived” the defence by Apple in closing submissions in a Federal Court trial of its landmark competition case, pointing to the tech giant’s lack of evidence, including from CEO Tim Cook.
The Australian Communications and Media Authority says a coding error on a dormant website that went undetected for four years was behind a massive data breach that exposed the information of close to 10 million Optus customers, with the regulator saying the hack was “not highly sophisticated”.
AMP’s former head of advice Jack Regan has filed proceedings against the owner of The Australian, Nationwide News, over a story he claims defamed him by alleging he misled ASIC over the charging of fees for no service.
Convenience store chain On The Run has filed proceedings against public relations firm the Civic Partnership, claiming it is liable for misleading or deceptive conduct after an employee allegedly created a campaign aimed to damage the business for an unknown client.
An arrangement to restructure Queensland labour hire services company Comlek has survived a challenge by the state’s revenue office, which wanted the business wound up, claiming the restructure was against public interest and commercial morality.
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