ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.
Class action lawyers should be able to enter into contingency fee arrangements, the Australian Law Reform Commission said Thursday as part of proposals to reform the country’s much maligned class action regime.
Employment Minister Michaelia Cash vowed Thursday to challenge a subpoena ordered by the Federal Court to appear as a witness in a case over last year’s raids on the offices of the Australian Workers’ Union.
A judge has lifted an injunction against an Optus ad campaign after ruling that Telstra failed to make its case that the ‘Empires End’ campaign was misleading or deceptive.
The litigation funder behind the Federal Court’s precedential ruling that established the first common fund order in an Australian class action has secured a $30.75 million payout in the case.
Tractor company Agrison has been added as a defendant in a class action brought by victims of the 2015 bushfire near Ballarat that ripped through 4,000 hectares and destroyed 12 homes.
Austrian Airlines has resolved a case brought by a brain surgeon who claimed his pinky finger was permanently damaged after it was caught in a fold-out tray table during a flight.
A surprise, late-night visit by Fair Work inspectors to the Melbourne Cricket Ground has led to a fine against a global cleaning company for a subcontractor’s underpayment of staff, one of the first accessorial liability fines secured by the Ombudsman.
Generic drug giant Actavis Global has reached a settlement with AstraZeneca in a long-running patent dispute over blockbuster cholesterol medicine Crestor that wound its way to the High Court.
The Queensland Supreme Court has frozen more than $200 million in personal assets of mining tycoon and former MP Clive Palmer, in a case brought by the liquidators of failed Queensland Nickel.