Wealth manager IOOF is facing a shareholder class action alleging it failed to tell investors that misconduct aired at the Banking Royal Commission would put it in the crosshairs of Australia’s financial regulator.
A proposed 90-day standstill that gives law firms time to file competing class actions without rushing to court has garnered support from multiple Federal Court judges, and could be adopted as part of new protocols being considered, one judge said Friday.
Viva Energy has been convicted and fined $100,000 for polluting Sydney Harbour after a marine fuel oil spill from a corroded pipe at the company’s Gore Bay terminal on New Year’s Eve three years ago.
A court has ordered internet provider Activ8me to pay $250,000 in penalties for making false and misleading claims about the performance of its internet services, the consumer watchdog said Friday.
Billionaire property developer Harry Triguboff is taking NSW Premier Gladys Berejiklian to court in his fight for approval of a controversial tower in Macquarie Park, Sydney.
A parliamentary report released Thursday recommended major reform to the $170 billion franchise industry and called on three government agencies to probe franchise giant Retail Food Group and its top executives for potential insider trading, tax evasion and other unlawful conduct.
The High Court has upheld a $1.3 million damages award to native title holders in the Northern Territory town of Timber Creek for their loss of spiritual attachment to the land, in the first ever assessment by the court of native title compensation.
The courts should be given express statutory power to resolve competing class actions that establishes the factors to consider when picking a winning case, a leading class action judge has said.
A Mildura-based healthcare company and its boss have been committed to stand trial in the first criminal cartel case brought by the Australian Competition and Consumer Commission against an Australian business.
Piper Alderman and a senior female partner who has accused the law firm’s leaders of sex discrimination have been unable to settle their dispute out of the glare of the courtroom.