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Australian Securities and Investments Commission chair Joe Longo will hang up his badge after his term as head of the corporate cop ends in eight months.
Acciona lobs cross-claims in Hunter Valley bus crash class action
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Acciona is targeting engineers SMEC and Jacobs Group in cross-claims after being joined to a class action over a deadly bus accident in NSW’s Hunter Valley, as two more parties in the proceeding flag further cross-claims.
Cosmetic surgery class action doctors can’t cut accessorial liability claims
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Four doctors named in a class action over cosmetic surgeries performed at Daniel Lanzer’s clinic in Sydney can’t dodge claims they are liable as accessories for alleged misleading social media ads.
Maurice Blackburn mulls expanding group in Hyundai, Kia class actions
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Maurice Blackburn has proposed expanding the group definition in class actions against Hyundai and Kia over allegedly defective anti-lock braking systems after winning a carriage fight against a proceeding that included additional recalls in its group membership.
Telegram wins more time to prep appeal of $1M eSafety fine
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Encrypted messaging app Telegram has won its bid to delay the hearing of its challenge to a $1 million fine from the eSafety Commissioner, after complaining about a “document dump” from the regulator.
Lander & Rogers nabs technology expert from Clayton Utz
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Lander & Rogers has hired a technology, data and intellectual property pro from Clayton Utz to join its team in Melbourne.
Ratings house faces ASIC investigation over Keystone fund
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ASIC has confirmed it is investigating at least one ratings house which said Keystone’s failed Shield Master Fund was of ‘investment grade’, as the corporate watchdog seeks to claw back $480 million in investor funds.
ANZ conduct ‘remarkable’, judge says after ALAMMC director allegedly withdraws frozen funds
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A judge has ordered ANZ to explain itself after hearing the director of a Gold Coast property developer under investigation withdrew $112,000 from a bank account subject to freezing orders.
Fairfield developer wins spat over $3M payment claim
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A developer has won an injunction to stop a builder from enforcing an adjudication decision in a dispute over a $3 million payment claim, with a judge finding it would be an abuse of process to make the developer pay.
Renewables company Edify acquired by Canadian pension fund
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Renewables and energy storage company Edify Energy has been acquired by Canadian pension fund La Caisse in a $1.1 billion deal, which includes investments in two planned solar and BESS hybrid projects.