A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers.
In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.
The law firm running a class action against Exactech over allegedly faulty joint implants is facing the “impossible task” of settling the case by January, the “drop dead” deadline for resolving the claim under its US parent company’s restructuring.
A judge has balked at a suggestion by group members appealing a $112 million Robodebt class action settlement that the Commonwealth could represent the interests of people content with the deal.
ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.
A judge has found that Telstra did not violate disability discrimination laws when it put a hard-of-hearing Triple-0 operator on leave after she failed a hearing test.
A unit of insurer Marsh breached its obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill by using them in an anti-suit injunction bid in the UK, a court has found.
Swiss pharmaceutical giant Novartis has lost its patent infringement case against Sydney-based generics company Pharmacor over a top-selling heart medication.
The Catholic church can’t be on the hook for sexual abuse by priests because the principle of vicarious liability is limited to the employment relationship, the High Court has found.
The law firm running a class action against ANZ and superannuation trustee OnePath wants a 29.4 per cent cut of the $50 million settlement, having run the case on a no win, no fee basis.