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ANZ is facing a lawsuit by former CEO Shayne Elliott alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Coles, Woolworths to face $10M fines for price-gouging under new rules
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Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.
Barrister who fought anti-protest laws appointed to Federal Court
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A leading public law barrister who represented an activist in his successful challenge to NSW’s anti-protest laws has been appointed as a judge on the Federal Court.
Court rejects Walter Sofronoff’s challenge to corrupt conduct finding
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The Federal Court has dismissed Walter Sofronoff KC’s legal challenge to the ACT Integrity Commission findings that he engaged in corrupt conduct in his inquiry into the prosecution of Bruce Lehrmann.
AMP to pay $29M to settle another royal commission class action
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AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from “serious misconduct” that came to light curing the 2018 banking royal commission.
IAG to fight regulator’s rejection of $1.3B RACWA merger
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The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA’s insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
ADCO scores win in row with Boroondara over Kew building collapse
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ADCO Constructions did not agree to guarantee work done by its subsidiary on the Kew Recreation Centre, a court has found, limiting Boroondara City Council’s options following a roof collapse.
Westfield owner Scentre sells stake in Brisbane mall for $683M
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A Dexus managed fund has paid $683 million to Scentre Group to increase its stake in Brisbane’s Westfield Chermside shopping centre.
Iplex fails to keep NZ parent out of builder’s defects case
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Fletcher Building Group unit Iplex has lost its bid to save its parent company from being joined to a case brought by builder J-Corp over allegedly defective pipes.
Effort to revive $400M case over Pentridge Village development fails
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A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed.