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Describing it as the most significant corporate governance action taken in his time at ASIC, the regulator's chief says the Star case is a wake-up call for directors.
Construction PRO
KHQ Lawyers has snagged a leading infrastructure and energy lawyer from Macpherson Kelley for its newly rebranded construction, infrastructure and energy practice.
In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
The law firm and funder behind the settled class action against QSuper will seek almost $31 million in costs and commission at an upcoming hearing.
A former TechnologyOne executive is on the hook for costs in his failed dismissal case after maintaining an unreasonably expansive list of claims and rejecting a $2.2 milllion settlement offer, a judge has ruled.
Construction PRO
Big Six firm Allens has advised alternative investment firm Stonepeak in a $1 billion investment in Queensland retirement village developer Aura.
Human rights and press freedom activists want to intervene in a High Court case over copyright ownership in abattoir footage obtained by trespass, saying the broader public interest might be affected by the case.
The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.
Aged care provider Bupa can't challenge the dismissal of its bid for a quick win in a class action over the standard of care at its facilities, despite a court noting the case has "some curiosities".