Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator’s first-ever case alleging breaches of whistleblower protections.
A second law firm has lodged class actions against Coles and Woolworths on the back of the consumer regulator’s claims that the supermarket giants’ discount campaigns were misleading.
Consumer goods giant Clorox has agreed to a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.
Former directors of Steller Developments have told a court they did not intend to guarantee the company’s debt in the event of bankruptcy, as trial kicked off in proceedings by the collapsed Melbourne developer’s liquidators.Ā
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company’s financial position.
The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.Ā
Two law firms that were set to run competing class actions against Coles and Woolworths over alleged illusory discounts have reached an in-principle agreement to collaborate.
A class action against water treatment company Phoslock and auditor KPMG should not be held up until a shareholder that’s stuck in preliminary discovery proceedings files a competing case, a court has heard.
Four proceedings over COVID-19 business interruption losses will be stripped of class action status, with a judge saying most of the common issues were already determined in test cases.
A class action trial has heard that allegedly flammable Alucobond panels provided by 3A Composites and supplier Halifax Vogel are comparable to petrol and could present an āinsurmountable challengeā to containing a fire.