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The developer of a tower in Mascot which is said to contain combustible cladding can opt out of a class action against 3A Composites and Halifax to bring its own claim for $15 million.
AUSTRAC trims money laundering case against Entain
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The financial crimes regulator has trimmed its case against the operator of online gambling sites Ladbrokes and Neds, UK-based Entain, alleging “systemic failure” to comply with its anti-money laundering obligations.
AMCI founder’s sacking of Australian boss not valid, court says
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In the latest chapter of a feud between billionaires Fritz Kundrun and Hans Mende, the co-founders of global commodities firm AMCI, a court has found the sacking of the group’s Australian managing director was invalid.
Multi-employer bargaining appeal by Peabody, Whitehaven dismissed
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An appeals court has thrown out challenges by three mining giants to a Fair Work Commission decision that requires them to bargain together with a group of employees and their union.
Vehicle Monitoring must choose now between damages, account of profits in IP spat
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A judge has ordered tech company Vehicle Management Systems to hurry up and choose between damages or an account of profits in its IP dispute with the city of Melbourne over a sensor-based system for timing parked vehicles.
BHP settles shareholder class action over Brazil dam collapse for $110M
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A shareholder class action over BHP’s disclosures about a Brazilian dam that collapsed 10 years ago has settled for $110 million on the eve of trial, one of a handful of class actions to settle for over $100 million.
Harvey Norman faces class action over ‘interest free’ ads
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Homegoods retailer Harvey Norman is facing a class action by customers who paid more than they bargained for after being enticed by ‘interest free’ ads which the Federal Court has found to be misleading.
‘Inordinate and disproportionate’: Judge slams ASIC’s case against lender Money3
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A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an “inordinate and disproportionate amount of the judicial and administrative resources of the court”.
Building materials giant CSR hits back at competition case over COVID-19 price increases
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Saint Gobain-owned CSR has hit back at building insulation distributor Consolidated Energy’s claims it engaged in anti-competitive conduct by increasing its prices during COVID-19, saying the cost increases were due to events beyond its control.
Declassing bid fails in class action over ‘cookie cutter’ legal advice
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The peak body for community legal centres has lost its bid to declass a class action alleging survivors of institutional child sexual abuse who settled their claims under the National Redress Scheme were given negligent ‘cookie cutter’ legal advice.