Energy & Natural Resources
AGL wins appeal of $25M penalty in AER case
The Australian Energy Regulator must repay AGL a $25 million penalty secured by the watchdog in a Federal Court case, after the power company prevailed on appeal.
Securities
ASIC to appeal win for Rex directors over rosy forecast
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
Class Actions
Class action against Mitsubishi wins fight to add ‘significant’ claim
A class action over the fuel efficiency of thousands of Mitsubishi Triton vehicles can add a new claim over alleged misleading testing, despite the car maker's argument that it has no reasonable chance of succeeding.
Appeals
Lawyer fails on appeal over inaccurate recounting of judge’s remarks
An appeals court has rejected a Sydney solicitor’s challenge to a finding that he engaged in unsatisfactory professional conduct after he inaccurately recounted a judge’s comments in a letter to a costs assessor.
Competition & Consumer Protection
ACCC raids WiseTech Global over alleged competition law breaches
The competition regulator has executed a search warrant on software firm WiseTech Global as part of an investigation into alleged competition law breaches, the company said Wednesday.
Trials
Arrium CEO denies that steel recovery was a ‘pipe dream’
Collapsed steelmaker Arrium's former chief executive has testified during a shareholder class action trial that a five-year business plan projecting a 'V-shaped' turnaround was not an unrealistic pipe dream.
Class Actions
Macquarie exec says US law firms’ involvement in Nuix IPO gave comfort
Facing cross-examination in a shareholder class action over Nuix's allegedly misleading IPO prospectus, a senior Macquarie executive has testified that he was comforted by two US law firms' finding that there was nothing untrue in the document.
Class Actions
Hotel quarantine class action seeks $250K payment for lead applicant
A class action over Victoria's hotel quarantine debacle that settled for $125 million will seek a record $37.5 million cut for law firm Quinn Emanuel and $250,000 payment for the lead applicant, which was subjected to "public ridicule and hatred" during the matter.
Class Actions
Victoria denies procedural fairness duty in public housing class action
The Victorian government has told the High Court it had no obligation to act with procedural fairness when it decided to demolish inner-city public housing towers in Melbourne, as it fights a class action’s appeal.
Policy and Regulation
Crackdown on super trustees, lead generators in wake of Shield, First Guardian
A swathe of reforms in the wake of the $1 billion failure of investment funds Shield and First Guardian will crack down on cold-calling by lead generators and arm regulators with enhanced powers to go after super fund trustees breaching their obligations.
