Securities
BHP settles shareholder class action over Brazil dam collapse for $110M
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.
Class Actions
Harvey Norman faces class action over ‘interest free’ ads
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.
Tax
Former PwC boss banned for four years over tax leaks scandal
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Former PricewaterhouseCoopers CEO Thomas Seymour has been banned from registering as a tax agent for four years, after the regulator found he permitted a culture within the…
Employment
Coles, Woolworths facing $780M underpayments bill after court ruling
Coles and Woolworths estimate they will need to remediate underpaid workers up to $780 million, following a complex judgment in two class actions and regulatory proceedings handed down last week.
Intellectual Property
Regeneron, Bayer lose bid to block Sandoz from launching Eylea biosimilar
Regeneron and Bayer have lost their bid to block generic drug maker Sandoz from launching a biosimilar of their blockbuster eye drug Eylea.
Intellectual Property
Wollemi Capital resolves trade mark spat with Tesla chair’s family office
CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.
Appeals
Nuix appeals ruling putting it on the hook for $20M in legal bills
Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.
Financial Services
Receivers appointed to Australian Fiduciaries entities amid probe over missing $167M
A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.
Business of Law
Dishonesty charge against lawyer an ‘unfortunate, unnecessary overreach’: tribunal
A tribunal has taken aim at ACT's legal watchdog for its "overreach” in pursuing a dishonesty charge against a lawyer, who claimed he was duped by a client.
Business of Law
Lander & Rogers hires new disputes partner from Holding Redlich
Lander & Rogers has welcomed an administrative law pro as a partner in its Sydney-based commercial disputes team.
