The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.
A judge has approved a settlement in a shareholder class action against livestock exporter Wellard that grants a 34 per cent cut for group members, saying that investors had agreed to the lawyers and funder receiving the “lion’s share”.
A law firm running a shareholder class action against building materials giant James Hardie Industries has argued for a 27.5 per cent group costs order, saying it was the “standard benchmark” for earnings guidance cases.
Former Bellamy’s Australia director Jan Cameron has been fined $8,000 after being found guilty of two counts of breaching the Corporations Act for failing to disclose her stake in the baby formula company.
A former employee of the Western Sydney Airport has been arrested and charged with allegedly soliciting a bribe of $200,000 during the procurement process for a $5 million contract for services at the new airport.
Victorian Liberal Party leader John Pesutto will face three defamation cases at the same time — one by former Liberal MP Moira Deeming and two by anti-trans activists over last year’s ‘’Let Women Speak’ rally, which was crashed by neo-Nazis.
The owner of realestate.com.au has dropped its plan to acquire a national forms platform used by real estate agents, after the Australian Competition and Consumer Commission commenced a review of the deal off its own bat and raised competition concerns.
A former HWL Ebsworth capital partner alleging he was unlawfully expelled and excluded from a planned float on the ASX has argued HWLE’s late managing partner, Juan Martinez, thought the firm could “hire and fire at will” without giving proper reasons.
The state of Victoria has won its bid to prevent lawyers for a class action over Victoria’s COVID-19 hotel quarantine debacle from proofing lay witnesses, ahead of a criminal trial against the Department of Health, which is due to start in May.
Hungry Jack’s is seeking five years of Big Mac sales data as it readies for a fight over damages stemming from its claim that its Big Jack burger has 25 per cent more beef than the McDonald’s burger.
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