Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.
A lawyer who included ‘hallucinated’ citations from ChatGPT in material submitted to the court in a migration appeal has been referred to the NSW Legal Services Commissioner.
The NSW Supreme Court has relaxed its blanket ban on the use of AI in proceedings, clarifying its new rules don’t apply to discovery or the generation of certain materials by closed model AI systems.
A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.
The competition regulator is seeking views on whether IAG’s bid to acquire a 90 per cent stake in RACQ’s insurance underwriting business for $855 million could saddle consumers with higher prices.
A judge hearing a discovery spat in a suit by Rio Tinto unit Energy Resources has slashed two affidavits from the company’s lawyers, calling them “little more than dogmatic statements”.
The Western Bulldogs, formerly the Footscray Football Club, has launched a High Court challenge to a $6 million award to a fan who was sexually abused by a club volunteer.
Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.
Appeals court judge Richard Niall has been appointed to lead the Supreme Court of Victoria, following the retirement of Chief Justice Anne Ferguson.
An appeals court has found Transport for NSW was not empowered to compulsorily acquire land for the ‘public purpose’ of the Western Sydney Airport.