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A former company secretary of defunct mining and exploration company Continental Coal has pleaded guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
Contingency fees offer class action members ‘vastly superior outcome’ to commissions: report
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The contingency fee regime in Victoria promises class action members “vastly superior” recoveries when compared with class actions financed by commission-paid funders, a new report shows.
Russian citizen hit with first-ever cyber sanctions over Medibank breach
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The federal government has used its cyber sanction powers for the first time against a Russian individual identified as responsible for an attack against private health insurer Medibank that exposed almost 10 million customer records.
Optus outage affected ten times more 000 calls than estimated
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A nationwide Optus outage left 2,696 customers unable to place calls to 000, more than ten times what the telco originally estimated.
Businesses should brace for roll-on effects of COVID-19, says insolvency expert
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COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a “contagion effect” in 2024, says K&L Gates’ newest partner.
Thiess dodges lawsuit over $54M contract for Wheatstone natural gas project
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Thiess has defeated a lawsuit by a rock supplier seeking $9.3 million in damages for alleged delays by the mining services giant in receiving materials for work on Chevron’s Wheatstone natural gas hub.
Care A2’s $358M cross-claim a ‘new front’ in battle with Gensco, judge says
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Care A2 Plus must hand over $675,000 in security for costs to pursue a $358 million cross-claim in a lawsuit by former business partner Gensco, after a judge found the infant formula company’s claims were a “counterattack”, and not merely defensive.
PepsiCo appeals loss in case over royalty withholding tax
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US drink giant PepsiCo has lodged an appeal of a court win for the Australian Taxation Office over payments made by Schweppes under a distribution agreement that were found to be subject to royalty withholding tax.
Judge discontinues council class action against insurer JLT, won’t pause clock
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A judge has discontinued a class action by Victorian councils against insurer JLT Risk Solutions, but has departed from the decisions of two other judges by ruling the suspension of the time limit for bringing the councils’ claims will immediately be lifted.
CBA class action judge may weigh impact of two failed shareholder cases
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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.