The Australian Securities and Investments Commission has lost a bid to have the Federal Court decide a threshold legal question in its dodgy home loan case against Westpac, which is going to trial after a $35 million settlement got the thumbs down.
Labour hire company Workpac has been fined just $1,650 after a groundbreaking Full Federal Court decision that a casual employee could be eligible for annual leave, with a judge saying the low penalty reflected the lack of clarity in the law.
Maurice Blackburn stands to walk away with $5.8 million for its work on a consumer class action against Cash Converters that resulted in a $16.4 million settlement.
Defending against a fourth trade mark infringement lawsuit by the UK’s Scotch Whisky Association, Australian liquor retailer D’Aquino Bros has told a court all of its Scotch Whisky was distilled in Scotland, and it has the paperwork to prove it.
IOOF’s chairman and CEO are stepping down to defend against a Federal Court action by Australia’s financial regulator seeking to have them, along with three other executives of the embattled wealth manager, disqualified from acting as superannuation trustees.
The competition watchdog is taking NSW Ports to court alleging a 50-year agreement with the state, signed when Port Botany and Port Kembla were privatised five years ago, was anti-competitive.
Australia’s financial regulator is seeking to have top executives and directors of IOOF disqualified from acting as superannuation trustees, the watchdog said Friday, as Shine Lawyers revealed it has been investigating a possible class action against the financial services firm for a year.
Hastie Group’s liquidators have offered to drop their $124 million case against two dozen major builders if the companies agree to pay an undisclosed sum toward their unpaid bills, a court heard Friday.
The Construction, Forestry, Maritime, Mining and Energy union has lost its bid to be heard by the High Court of Australia after an appeals court upheld a $306,000 fine for the illegal conduct of its former Queensland president and warned of the prospect of deregistration.
Former Reserve Bank of Australia official Christian Boillot was sentenced Thursday to a two and a half years’ suspended jail term over his role in a conspiracy to bribe foreign officials to win banknote business.