A closely watched shareholder class action against Myer over an inflated profit forecast from former CEO Bernie Brookes has been dropped, after a court found the retail giant misled shareholders but that they suffered no harm.
A Herbert Smith Freehills partner in Australia will co-lead the firm’s global disputes practice, as part of a new leadership structure announced by its CEO.
Airlines could be the first targets of an anticipated COVID-19 class action blitz, with a major law firm threatening litigation against Qantas, Jetstar and other travel providers for compensating customers on shuttered flights with vouchers instead of full refunds.
Facing the threat of regulatory action and a possible class action, Flight Centre will refund thousands of customers who were charged a $300 fee for cancelling travel plans because of government restrictions to combat the coronavirus.
Law firm K&L Gates has been hit with a $3 million lawsuit by former clients alleging breaches of duty of care and fiduciary duties after a Victorian Supreme Court loss in a joint venture dispute.
Bob Jane will give franchisees at least six months’ notice before terminating their agreements, after the Australian Competition and Consumer Commission said the tyre retail chain was likely flouting the law by failing to do so.
Law firm Mills Oakley and a firm partner are facing a lawsuit alleging they violated their duty of care by transferring nearly $1 million in client funds to the wrong account after being duped by false emails purporting to be from a representative of one of the firm’s clients.
ISignthis has come up short in its courtroom bid to block publication of the Australian Stock Exchange’s “damaging” reasons for suspending its shares.
Allowing Google’s planned $3 billion acquisition of fitness device company Fitbit to go through would give the search giant “unprecedented” access to sensitive personal data and would substantially lessen competition in several markets, a privacy rights group has told the Australian Competition and Consumer Commission.
A judge has vacated the next stage of an intellectual property fight between Motorola and Hytera Communications because of laws prohibiting witnesses located in China from giving unauthorised evidence via videolink, rejecting a “highly experimental procedural remedy” proposed by Motorola.