Commonwealth Director of Public of Prosecutions Sarah McNaughton has defended her office’s decision to drop all criminal cartel charges over a $2.5 billion ANZ share raising, revealing the CDPP has so far spent $1.26 million in external costs in pursuing the case.
Seven Network has settled a defamation lawsuit brought by a Nyamal man who the broadcaster wrongly identified as the suspect in the abduction of four-year-old Cleo Smith in Western Australia.
A judge has revoked two patents held by national fitness chain F45 for a computer-run trainer workout system.
The federal government has settled the claims of three former associates of ex-High Court Justice Dyson Heydon after an independent investigation found they were victims of sexual harassment on the job.
In a victory for the Australian Competition and Consumer Commission, a judge has found that builder J Hutchinson entered into an anti-competitive agreement with the CFMEU to boycott an independent subcontractor at a construction site in Brisbane.
From a lengthy committal hearing challenging the ACCC’s investigatory techniques to repeated attacks on the prosecution’s indictment, an indefatigable team of barristers and lawyers across eight law firms helped bring an end to the four-year long pursuit of criminal cartel charges against three banks and six individuals over a $2.8 billion ANZ share placement.
The CDPP’s decision to drop all criminal cartel charges against two banks and four individuals in a “test case” over a $2.5 billion ANZ share placement shows the ACCC “lacks expertise and objectivity” on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.
Rio Tinto will face a penalty in proceedings brought by the Australian Securities and Investments Commission alleging the mining giant misled shareholders about the resources of a Mozambique mining company it acquired for $5.8 billion in 2011 and later offloaded for $70 million.
Bristol-Myers Squibb has agreed to open up its subsidised treatment program for stage IV melanoma patients to individuals who have been treated with drugs made by its competitors to settle a misuse of market power lawsuit brought by rival Merck Sharpe & Dohme.