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Top 10 class action settlements of 2024
Class Actions 2025-01-03 7:25 pm By Cindy Cameronne

Class action settlements leaped in value last year, with three settlements topping the $200 million mark.

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Court clarifies licensing regime in win for offshore wind project
Energy & Natural Resources 2024-11-11 2:51 pm By Sam Matthews

A judge has overturned energy minister Chris Bowen’s refusal to greenlight energy company Seadragon’s offshore wind farm project off the coast of Gippsland.

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Macquarie Bank hit with $10M penalty over financial adviser’s theft
Financial Services 2024-04-19 3:10 pm By Cindy Cameronne

 Macquarie Bank has agreed to pay a $10 million fine in proceedings brought ASIC after the bank admitted that it failed to monitor third-party withdrawals, resulting in a financial adviser’s theft of $2.9 million.

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Hancock Prospecting must hand over docs to Rinehart children
Energy & Natural Resources 2023-03-28 2:25 pm By Cindy Cameronne

Gina Rinehart’s Hancock Prospecting has lost its bid to avoid producing documents to Bianca Rinehart and John Hancock after a judge rejected arguments the Rinehart children were abusing the court’s processes in a long-running dispute over ownership of a valuable mining tenement.

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Gina Rinehart’s Hancock Prospecting can’t halt case pending arbitration in 20-year feud
Energy & Natural Resources 2023-01-16 11:24 pm By Sam Matthews

Hancock Prospecting has lost a bid to shut down court cases brought by fellow mining giants Wright Prospecting and DFD Rhodes until the outcome of a family arbitration, after a judge found the company’s own forensic choices made the risk of inconsistent decisions inevitable.

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‘Banks aren’t perfect’: Judge tosses ASIC’s case against CBA over monthly account fees
Financial Services 2022-11-29 4:50 pm By Sam Matthews

ASIC has lost a case accusing the Commonwealth Bank of Australia of hitting customers with $55 million in unauthorised fees, with a judge finding that nearly 1 million customers charged the fees should have known that even banks “sometimes make mistakes”.

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High Court says ‘direct and far-reaching ramifications’ of contract gives outsider right to relief
High Court 2022-03-09 9:42 pm By Bianca Hrovat

The High Court has ruled that the “direct and far-reaching ramifications” of a contract between the federal government and Tasmania’s two major airports justifies an order for declaratory relief sought by local councils about the obligation of the airports’ operators to pay rates.

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Hancock Prospecting loses bid for expanded trial in Rinehart family feud
Energy & Natural Resources 2021-09-13 3:02 pm By Miklos Bolza

Gina Rinehart’s Hancock Prospecting has failed to persuade a court to hold an expanded separate trial on the alleged wrongdoing of the mining magnate in a spat over the Hope Downs iron ore mine, with a judge finding the proposal could extend the already ten-year legal battle.

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Hancock Prospecting avoids $3M discovery hit
Energy & Natural Resources 2021-08-18 4:21 pm By Miklos Bolza

Gina Rinehart’s Hancock Prospecting has avoided a discovery order that would cost an estimated $3 million to comply with, with a judge instead ordering that limited discovery be given to two Rinehart children in an ongoing family dispute over titles for the Hope Down iron ore mine.

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Court finds billionaire mining heiress engaged in fraud and deceit but tosses lawsuit
Estates 2021-07-02 9:50 pm By Miklos Bolza

The Supreme Court of Western Australia has thrown out a lawsuit against billionaire mining heiress Angela Bennett and her brother Michal Wright over the estate of their father, mining magnate Peter Wright, despite finding the siblings breached their fiduciary duty and engaged in deceit and fraud.

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