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A class action that sought to quash a settlement reached on behalf of child abuse victims who attended NSW’s Fairbridge Farm School has been discontinued, with a court hearing the case was "uneconomic".
Construction PRO
A court has found that the relationship between the owner and the developer behind a residential subdivision project in Onkaparinga Heights has deteriorated to such a degree that orders requiring them not to abandon the partnership would be of no help.
An application by the funder of a class action over the compulsory acquisition of land for Sydney's WestConnex project to replace the plaintiffs has been ajourned a third time by an increasingly frustrated judge.
A Treasury report has suggested splitting audit functions off from multidisciplinary professional services firms, following whistleblower claims that KPMG leaked confidential client information.
A judge has pushed off an eight-week trial in a class action on behalf of Sydney homeowners who allege their homes are sinking into the ground, after filing deadlines were not complied with.
In a new report, ASIC warns Australia risks losing ground to overseas competitors unless it provides more clarity on technologies like tokenised assets and AI, which the regulator said could shake up longstanding assumptions about intent and misconduct.
A judge has found that ASIC's case against WA gold mining company Wiluna over alleged omissions in a 2022 ASX announcement should await the determination of related cases against two executives, citing the risk of inconsistent findings.
Construction PRO
Linx Constructions has been ordered to pay contractor Jonishan’s nearly $1 million payment claim, with a judge refusing to stay the determination in light of a defects claim seeking "substantial damages".
US drug maker Cosette wants to strike out Mayne Pharma's causation pleading in its suit seeking damages after Cosette allegedly inducing the treasurer to reject their $672 million tie-up.
The corporate regulator says platform super trustees are failing to monitor excessive advice fees, risky adviser behaviour and high-risk super switching, despite $1 billion in losses suffered by investors in the wake of the collapse of the Shield and First Guardian Master Funds.