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Worley contravened the Corporations Act a decade ago when it failed to correct 2014 earnings guidance for several months, but shareholders in a long-running class action against the engineering services company have failed to prove the breach caused any loss, a judge has found.
The percentage of senior women barristers who were briefed on cases in the past financial year dropped from the previous year, according to the latest report on the peak legal body's equitable briefing initiative. The proportion of all counsel fees going to women also took a slide, the Law Council of Australia said.
The funders that bankrolled a securities class action against collapsed engineering firm RCR Tomlinson will ask the court to give them an $8 million cut of a $40 million settlement. A further $12 million in legal fees means shareholders will get 50 per cent of the settlement sum.
A judge has signed off on a class action settlement under which the Commonwealth Bank of Australia will pay a sum towards the applicant's costs but group members will recover nothing.
Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
ANZ will appeal a ruling that it breached its continuous disclosure obligations when it failed to inform the ASX of a bailout by the underwriters of a 2015 institutional share placement.
Sydney man Matthew Laba, who appeared in court posing as a lawyer for clients, has been sentenced to nine months' imprisonment after pleading guilty to charges of practicing law without a licence.
Online mattress retailer Emma Sleep faces enforcement action by the ACCC alleging the company's ad campaigns were false and misleading when they implied prices had been discounted and that sales offers would not last long.
Mitsubishi Motors has prevailed before the High Court in a challenge to a ruling that it breached the consumer laws by affixing a fuel efficiency label to its Tritons, in a decision that puts a dent in a class action on behalf of tens of thousands of drivers.
Gas giant Woodside has been hit with legal action by Greenpeace, accused of misleading the public by greenwashing its gas and oil projects.