The Australian Securities and Investments Commission has drawn âa line in the sandâ on greenwashing and will no longer accept âpurely aspirationalâ climate change targets from companies, the regulatorâs deputy chair has said.
The chair of the Australian Securities and Investments Commission has warned consumers about investing in ârisky, speciality, poorly understoodâ crypto-assets, as the regulator steps up its investigations into managed funds acting in the space.Â
A judge has criticised the applicant in a class action against failed asset manager Blue Sky Alternative Investments for filing court documents late, as he prepares to grapple with an imminent competing class action.
Lendlease and other major builders have secured a significant victory in a long-running case brought by the liquidators of failed engineering company Hastie Group, with a judge saying Hastie wasn’t entitled to the proceeds of bank guarantees withdrawn by the builders when it collapsed 10 years ago.
A judge has approved a $41 million settlement in a shareholder class action against Pitcher Partners but has reduced the funderâs cut to $11.5 million after resolving a feud with the lead applicant over how much it should receive for taking the case to trial.
Uber has lost its challenge to a decision that found many of its email exchanges with lawyers were made in furtherance of offences at the centre of class action claims and were not protected by legal professional privilege.
A Queensland silk who was subjected to comments by the late Judge Guy Andrew that an appeals court later deemed cruel and humiliating has been barred from practice after allegedly appearing in court without a practising certificate.
A judge has cast doubt on whether a class action against the state of NSW over police strip searches at 50 music festivals should be run as a representative proceeding, telling the state to decide whether to file a de-classing application âsooner rather than laterâ.
A class action on behalf of Dixon Advisory clients with claims allegedly worth $463 million has won orders that the collapsed wealth manager disclose its insurance for liability in the proceedings. Its bid for orders that two insurers produce any relevant policies was unsuccessful.
A former receptionist who allegedly suffered sexual harassment by Australian cricket players and managers has lost her bid to bring her case against Cricket Tasmania out of time, despite her claims of suffering ill mental health.