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Group members to get $34.7M in ANZ class action over credit card interest
Class Actions 2024-07-10 11:01 pm By Cat Fredenburgh

Group members in a class action against ANZ over credit card interest charges that settled for $57.5 million are expected to take home at least 60 per cent of the settlement sum after legal fees and a funder’s commission are deducted.

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Goodman Fielder wins $10M freezing order against employee suspected of fraud
Employment 2024-07-09 11:22 pm By Cat Fredenburgh

Food giant Goodman Fielder has won freezing orders against a former employee who the company suspects of a $10 million fraud and issued a slew of subpoenas to betting firms the employee holds accounts with.

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‘Red tape burden for no good reason’: Law Council pans money laundering rules for lawyers
Business of Law 2024-07-09 11:43 pm By Cat Fredenburgh

The nation’s peak legal body has reiterated its concerns about proposed rules that would subject lawyers and accountants to new money laundering obligations, warning the regulations would impose a costly “red tape burden for no good reason” on smaller firms.

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KMPG, Phoslock face court bid for info ahead of potential shareholder class action
Class Actions 2024-07-08 11:19 pm By Cat Fredenburgh

A shareholder has filed an application for preliminary discovery against KMPG and water treatment company Phoslock as she weighs a possible class action over the company’s past fraud and mismanagement.

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Bid to trade mark ‘accredited nutritionist’ hard to swallow, IP Australia tells Dietitians Association
Intellectual Property 2024-07-08 11:31 pm By Cat Fredenburgh

The Dietitians Association of Australia can’t register a logo featuring the words ‘accredited nutritionist’ as a trade mark, with a delegate agreeing with a competing nutritionist group that the association should not have a monopoly over the highly descriptive term.

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Ashurst, LegalVision sued over Woolworths lease transfer advice
Real Estate 2024-07-05 11:03 pm By Cat Fredenburgh

A unit of petrol store chain EG Australia has sued Ashurst and LegalVision alleging they breached their implied duty of care through advice given to Woolworths about the assignment of a disputed Sydney petrol station lease.

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Santos wins bid for EDO communications as it pursues costs in Barossa pipeline case
Energy & Natural Resources 2024-07-04 11:01 pm By Cat Fredenburgh

Santos has largely succeeded in its bid for documents from the Environmental Defenders Office and expert witnesses in a failed case challenging the construction of the oil and gas company’s $5.6 billion Barossa pipeline.

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Delta Building appeals $1.5M fine in National Gallery bid rigging case
Appeals 2024-07-04 12:07 pm By Cat Fredenburgh

Industrial technology company Delta Building Automation has appealed a $1.5 million penalty for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the amount it claimed it should face.

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Lendlease’s $1.3B sale of residential portfolio to Stockland raises red flags: ACCC
Construction 2024-07-04 1:01 pm By Cat Fredenburgh

Lendlease’s plan to sell a portfolio of residential community projects to Stockland for $1.3 billion has raised concerns for the ACCC, which worries the transaction may substantially lessen competition in the supply of residential masterplanned community housing lots in four regions.

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PwC to pay $8.25M to settle class action over bond prospectus
Class Actions 2024-07-03 11:30 pm By Cat Fredenburgh

PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action’s claims.

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