Please login to bookmark Close
The Australian Communications and Media Authority has hit Telstra with a record $2.53 million penalty for listing individuals phone numbers in public directories against their wishes.
‘Troubled’ judge won’t sign off on Woolworths class action settlement
Please login to bookmark Close
Saying it will only benefit the law firm and lead applicants, a judge has refused to approve a settlement in an underpayments class action against supermarket giant Woolworths, which would see no payout to employees.
CBRE can’t dodge Trilogy Funds case over $34.8M valuation
Please login to bookmark Close
Commercial real estate giant CBRE Group has lost its bid to toss proceedings brought by fund manager Trilogy claiming the company negligently valued a Queensland marina at $34.8 million in 2006 and caused millions in losses.
NAB, HSBC should pay for Dick Smith receivers’ court loss, judge hears
Please login to bookmark Close
National Australia Bank and HSBC should be “jointly and severally liable” to pay a portion of the costs of a failed case brought by Dick Smith’s receivers against the company’s former directors because the banks stood to gain financially if the lawsuit was successful, the NSW Supreme Court has heard.
HWL Ebsworth prevails in appeal of negligence case over Willoughby development
Please login to bookmark Close
An appeals court has dismissed an appeal in a professional negligence lawsuit by a New South Wales developer against HWL Ebsworth over a due diligence report that led to the purchase of a $25.5 million parcel of government land at risk of flooding.
PTTEP appeals win for Indonesian seaweed farmers in oil spill class action
Please login to bookmark Close
Oil exploration company PTTEP has appealed a judge’s findings that oil that gushed from one of its wells in the Timor Sea in 2009 reached the coasts of Indonesian islands and damaged the crops of local seaweed farmers.
ASIC accuses former ANZ unit of overcharging super members $4M
Please login to bookmark Close
Former ANZ super fund subsidiary OnePath overcharged more than $4 million in superannuation fees, according to regulatory action launched by the Australian Securities and Investments Commission on Tuesday.
ABC settles lawsuit by ‘overworked’ senior reporter
Please login to bookmark Close
The ABC has resolved a discrimination lawsuit brought by a reporter who claimed she developed a medical condition as a result of being overworked.
Merrill Lynch botched $56M sale of Zip Co shares, lawsuit claims
Please login to bookmark Close
Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.
GM facing $9M dealer lawsuit over decision to retire Holden brand
Please login to bookmark Close
General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker’s decision to pull the iconic brand in Australia.