Commonwealth Bank’s New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.
Green iron startup Element Zero is challenging a bid by Fortescue for access to nine million seized documents in their trade secrets spat, saying its rival has not met the test for proving inadequate discovery of material.
A judge has ordered federal prosecutors to drop a criminal tax fraud case against a medical researcher, finding an ATO officer lied and tampered with evidence during the probe.
The Australian Securities and Investments Commission has approved Cboe’s application to list companies on its platform, in direct competition with market operators, including the Australian Securities Exchange.
A Victorian man has pleaded guilty and been sentenced for trading on insider information ahead of the public announcement of a $20 million share placement for medical cannabis company Cann Group.
A recent review by ASIC found 15 auditors of different sizes failed to demonstrate compliance with independence and conflict of interest obligations.
Property group Catalyst has won $31.7 million from a trustee corporation of the Presbyterian Church of Queensland over a suite of scuppered transactions for land and aged care homes.
Engineering firm WSP may seek to permanently stay a new suit by Canberra builder Morris Construction that claims it should be on the hook for engineering and design failures by a subsidiary, the latest fight between the parties over a troubled Kingston development.
Engineer Monadelphous has lost a fight that will affect its ability to run a limitations defence in a suit over alleged defects in a sewage plant upgrade on the Sunshine Coast.
Singapore-based Keppel REIT and Australian asset manager MA Financial have paid $525 million to acquire the Top Ryde City Shopping Centre in Sydney’s northwest.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
