Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the case to consider the relevance of two recent decisions that found shareholders in other class actions had failed to prove loss.
A former senior media advisor for the Victorian Gambling and Casino Control Commission has sued the watchdog, alleging she was fired after complaining about bullying behaviour by a senior employee.
The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.
The Minister for Agriculture has rejected an offer to settle a nine-year-old class action over the government’s 2011 ban on the live export of cattle for $510 million plus up to $390 million in legal costs and interest.
Bank of Queensland will pay a $820,000 penalty after its Members Equity was found guilty of criminal charges over misleading representations, with a judge finding the defunct direct bank was no less responsible because the offending conduct resulted from a systems error.
Apple has failed to prevent a funder from accessing data that will allow it to estimate potential damages in a class action it’s bankrolling over allegedly anti-competitive app store restrictions.
A judge has criticised Tesla’s bid for an urgent arrest warrant against a NSW man who allegedly published material leaked by a former employee about its self-driving software, saying the man needs the chance to properly respond to the electric car giant’s contempt of court claim.
Save (1) Please login to bookmark Close Username or Email Address Password Remember Me Hackers behind a cyberattack on Victoria’s court system may have accessed recordings of hearings stretching back to 2016, Court Services Victoria has said. On January 2, CSV CEO Louise Anderson notified the public that hackers had breached a network with video…
The Australian Law Reform Commission has recommended extensive reforms to the “confusing maze” that is the Corporations Act, including the creation of a standalone financial services law.
Raiding a competitor is a great way for ambitious law firms to expand their reach and achieve their strategic goals. In 2023 ten firms, big and small, managed to catch a big fish or lure whole teams of lawyers away from their rivals.
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