Restructuring & Insolvency
Liquidators lose $27M case against FC Capital unit over Big Un
The liquidators of a subsidiary of collapsed media company Big Un have lost their case against financier First Class Capital alleging a three million share purchase was part of a scheme to inflate the company's stock price.
News
Nominate a young gun for Lawyerly’s Litigation Rising Stars
Lawyerly’s Litigation Rising Stars 2026 series will profile the top barristers and solicitors under 40 whose successes in the area of high-stakes commercial litigation belie their age.
M&A
IAG’s $1.35B acquisition of RACW blocked by competition watchdog
The ACCC has opposed Insurance Australia Group's planned $1.35 billion acquisition of RAC Insurance of Western Australia, despite a five-year undertaking by IAG.
Employment
Appeal tossed in postgrads class action against University of Sydney
The Full Federal Court has rejected an appeal by the applicant in a class action on behalf of post graduate students who claims he was underpaid by the University of Sydney.
Securities
Third firm probing class action against Corporate Travel Management, PwC
A third law firm is circling Corporate Travel Management and PricewaterhouseCoopers over a share price dive earlier this month.
Class Actions
RAMS to pay $29.6M in class action settlement
Westpac's former home lending business RAMS will pay $29.6 million to resolve a class action over the termination of agreements with franchisees.
Insurance
Crown sues insurer for coverage of $72.5M class action settlement
Crown Resorts has taken its excess insurer to court after being denied coverage for part of a $72.5 million shareholder class action settlement not covered by its primary insurer.
Tax
Optimus sues Grant Thornton over ‘negligent’ restructuring advice
Japan-based Optimus has sued Grant Thornton for allegedly giving negligent restructuring advice following its acquisition of dealership group Autopact, which resulted in the company owing $3 million in stamp duty, income tax and other costs.
Employment
Humm faces lawsuit by former CEO
Non-bank lender Humm Group has been hit with Fair Work proceedings by its former CEO Stuart Grimshaw.
Policy and Regulation
US government slams Australia’s digital duty of care bill
Warning against censorship, the US government has taken the extraordinary step of weighing in on Australia's Digital Duty of Care bill, which would require social media platforms to block harmful content and allow an algorithm opt-out.
