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The applicant in a shareholder class action against IOOF wants to add ten new misconduct allegations, including that a relative of a former executive made $69,000 by offloading shares.
TerraCom files court action to keep PwC report from ASIC investigators
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Mining company TerraCom has asked a court to rule on the privilege status of a report by PriceWaterhouseCoopers, produced in reponse to “serious allegations” by a former employee over the falsification of coal quality results.
‘Very disappointed’: ACCC accuses Telstra, Optus and TPG of misleading NBN customers
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The Australian Competition and Consumer Commission has brought legal action against three major Australian internet providers for allegedly misleading hundreds of thousands of NBN customers.
Crown class action over Chinese arrests can’t block SkyCity share price evidence
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SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.
Energy Beverages files ‘Mother’ of an appeal against trade mark decision
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A high-energy trade mark dispute has gone to the Federal Court after the maker of Mother energy drinks lost its bid before IP Australia to prevent a Victoria-based company from registering Kangaroo Mother as a trade mark for beverages.
Financial fraudster dodges conviction following ASIC investigation
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The former director of Sydney financial planning practice Hillross Bella Vista has been conditionally released without a conviction recorded after pleading guilty to falsifying documents uncovered during an investigation by the Australian Securities and Investments Commission.
Hall & Wilcox picks up construction dispute ace from Norton Rose Fulbright
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Law firm Hall & Wilcox has snagged a new partner from Norton Rose Fulbright to join its construction and project disputes team, as part of an ambitious national growth strategy.
Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
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The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.
Judge blasts ‘absurd’ terms in pelvic mesh class action settlement offer
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A judge has slammed an “absurd” class action settlement offer made by pelvic mesh device maker Astora Women’s Health that would require Shine Lawyers to provide the company with indemnities, saying “no rational judge” would approve it.
OAIC launches investigation into Optus data breach
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The Office of the Australian Information Commissioner is investigating whether Optus breached privacy law after the telco wrongly published customers’ personal details in the White Pages in 2019.