Construction firm CIMIC has foreshadowed a fight over “obscure” new pleadings in a two year-old shareholder class action alleging the company failed to keep the market informed about issues with its Middle East operations.
A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.
Federal Court Justice Jayne Jagot has been appointed as the seventh ever female Justice of the High Court, marking the first time in Australia’s history that a majority of judges on Australia’s top court are women.
The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator “ignored the circumstances” in which the product was distributed.
A judge who slashed the fees of a law firm that reached a $1.55 million settlement in two class actions against supermarket chain Romeo’s has expressed her “annoyance” at the firm’s attempt to tender time records to justify the bill.
The High Court was ostensibly convened in his home state of Queensland to consider special leave applications, but something told Justice Patrick Keane that was not the full story.
Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for approving a dividend payment the company could not afford.
The federal government has flagged reforms to Australia’s privacy laws in the wake of a cyberattack that left the data of up to 10 million current and former Optus customers exposed, including heftier penalties for companies that fail to safeguard users’ personal data.
The Australian Securities and Investments Commission has filed long-awaited action against troubled tech company Nuix and a handful of former and current directors over allegedly misleading revenue announcements to investors.
The Albanese government has thrown its support behind a proposal to establish a federal judicial commission that would address questionable conduct by judges.
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