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A shareholder class action against livestock exporter Wellard over a profit downgrade following its $300 million initial public offering in 2015 has settled for $23 million.
Court approves $4.5M settlement in fire class action
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A judge has approved a $4.5 million settlement in a class action over a fire allegedly ignited by welding work in rural NSW, despite a handful of objections from group members.
‘Merger parties must make their case’, ACCC says in push for merger overhaul
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Australia’s merger review regime is “outdated” and in need of an overhaul, according to the Australian Competition and Consumer Commission, which says companies must explain why their acquisitions should get the all-clear.
Hanson says US expert can’t opine on Aussie meaning of ‘Back to where you came from’ dig
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A professor from Texas has no business offering an opinion on the meaning of One Nation senator Pauline Hanson’s exhortation to the Greens party deputy leader that she “piss off back to Pakistan”, a court has heard.
Ralan exec to do jail time after pleading guilty to fraud over $251M loans
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The former managing director of property developer Ralan Group has been sentenced to four years immediate imprisonment after pleading guilty to six fraud offences over loans the defunct group took out to fund several projects in Sydney.
Ashurst poaches real estate lawyer from KWM
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Ashurst has bolstered its Sydney real estate practice with the appointment of a new partner, who joins from King & Wood Mallesons.
SkyCity settles with AUSTRAC, puts aside $73M for penalty
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SkyCity has reached an agreement with AUSTRAC in proceedings alleging it allowed $4 billion in suspicious transactions, setting aside $73 million to cover penalty and costs.
Top judge says judicial workload in NSW unsustainable, calls for funding boost
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The top judge in NSW has called for more court resources and funding to ease the burden of an overworked judiciary, in an impassioned speech backed by the state’s solicitors and barristers.
‘Very large indeed’: DePuy class action settlement administration costs top $13M
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A judge has signed off on a bill that brings the total settlement administration costs in a class action against Johnson & Johnson unit De Puy to over $13 million, amid a push by some judges to open the settlement administration gig up to competition.
COVID-19 aged care class actions put on ice pending criminal trials
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Still in the dark about insurance coverage and seeking to stem the flow of cash, two class actions against Heritage Care and St Basil’s over COVID-19 outbreaks have been shelved pending the outcome of criminal cases against the Victorian aged care providers, in a decision the judge said “wouldn’t gladden the hearts of group members”.