The CDPP’s decision to drop all criminal cartel charges against two banks and four individuals in a “test case” over a $2.5 billion ANZ share placement shows the ACCC “lacks expertise and objectivity” on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.
A case before the High Court could have major implications for company directors, giving shareholders in class actions the power to drag them before court for public examination.
An upcoming three-month trial in a class action against agrochemical giant Monsanto has been vacated after the applicant’s key expert withdrew from the case.
The law firms and barristers who defended former Dick Smith directors in sprawling litigation over the failure of the electronics retailer earned close to $68 million in fees, a court has heard.
Rio Tinto will face a penalty in proceedings brought by the Australian Securities and Investments Commission alleging the mining giant misled shareholders about the resources of a Mozambique mining company it acquired for $5.8 billion in 2011 and later offloaded for $70 million.
Australia’s most decorated Afghanistan war veteran Ben Roberts-Smith told a former SAS soldier that when he “blew the brains out” of a young Afghan man it was “the most beautiful thing [he’d] ever seen”, a court has heard.
A group of nurses have dropped their lawsuit against Monash Health alleging the hospital provider threatened to take adverse action against them for failing to get vaccinated against COVID-19.
Former One Nation senator Brian Burston has largely lost his bid to throw out a sexual harassment and discrimination case by former staffer Wendy Leach.
A Federal Court judge has reconsidered her plan to dispense with a hearing to weigh a $1.55 million settlement of two class actions that allege supermarket chain Romeo’s underpaid hundreds of workers at stores in NSW and South Australia.
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