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SkyCity has agreed to pay $67 million to resolve AUSTRAC proceedings alleging it allowed $4 billion in suspicious transactions and failed to carry out diligence on high-risk customers.
NAB faces fraud allegations in $100M class action over collapse of builder Walton
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A judge has given the green light to amendments to a $100 million class action against NAB over the collapse of Walton Construction, which include new claims of equitable fraud and knowing involvement in misleading and deceptive conduct.
Sydney Uni wins appeal in lecturer’s case over sacking for Nazi swastika slide
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The University of Sydney has succeeded in a challenge to a finding that an academic was unfairly dismissed after posting to social media a controversial slide of a Nazi swastika superimposed on the Israeli flag, with a majority appeals court finding his union failed to prove the “incendiary” conduct accorded with the standards that entitled him to intellectual freedom.
Victoria’s AG did not use unlawful coercion, judge says in tossing firefighter union’s case
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Victoria Attorney-General Jaclyn Symes’ interference in a Fire Rescue Victoria union dispute was not “unlawful, unconscionable or illegitimate”, despite the AG overstepping her statutory authority, a judge has found.
Nationwide News wins bid for serious harm hearing over Shandee Blackburn podcast
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A judge hearing a defamation case over a podcast by The Australian about the murder of Shandee Blackburn has granted a bid by a News Corp unit for a pre-trial hearing to determine whether acquitted suspect John Peros suffered serious harm from the podcast.
Victorian Liberal leader John Pesutto settles defamation suits by anti-trans rights activists
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Victorian Liberal Party leader John Pesutto has settled two defamation lawsuits by organisers of the ‘Let Women Speak Rally’ and apologised for conflating them with neo-Nazis who crashed the event, saying his comments “could have more clearly differentiated between the groups”.
Report calls for repeal of continuous disclosure reforms for ASIC cases, but not class actions
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The Morrison-era reforms that introduced a fault element to the continuous disclosure laws should be repealed for civil penalty proceedings launched by ASIC, but retained for class actions by shareholders, a report of an independent review of the changes has recommended.
Environmental laws ‘ill-suited’ to dealing with threat of climate change, Full Court says
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An appeals court has dismissed an environmental advocacy group’s challenge to the extension of two Mach Energy and Whitehaven Coal mega coal mines in NSW, saying the current environmental laws are “ill-suited” to dealing with the global threat of climate change.
HWL Ebsworth to shake up management model
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HWL Ebsworth has formally replaced its managing partner structure with a company board, following the death of managing partner Juan Martinez in March.
Insurers to pay $1M in Axsesstoday class action settlement
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Four insurers have agreed to fork over $1 million to settle an investor class action against lender Axsesstoday over an allegedly misleading prospectus for a bond offering, while claims against PricewaterhouseCoopers will move forward.