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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.
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.
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.
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.
A class action against Johnson & Johnson over alleged ineffective cold medicine has attacked the pharmaceutical company’s application for soft class closure, telling a court the process would produce useless data and only need to be repeated.
A judge has scolded former directors of Mosaic Brands after they failed to comply with orders made last week ahead of a 10-day public examination as special purpose liquidators investigate $196 million in potential insolvent trading claims and directors duty breach claims.
Construction PRO
A former director of Melbourne-based Aviation 3030 has failed to overturn a finding that the liquidators of the landbanking company could recover half of a $3.4 million landholder duty liability from him.
McCullough Robertson has won its bid to strike out a former client's professional negligence case, with a judge finding that its reliance on “common sense and experience” in its pleading was inadequate.
Construction PRO
More than three decades after the Mabo decision and the introduction of the Native Title Act, the ALRC is calling for an overhaul of the "discriminatory" regime, which it says has failed to compensate native title owners or allow land use decisions to be fairly challenged.
The Commonwealth has hit back at a case brought by Brittany Higgins’ former manager, Fiona Brown, arguing former prime minister Scott Morrison’s action were not ‘employer’ functions under parliamentary staff legislation.