The judge asked to approve a proposed $450 million penalty in AUSTRACâs case against Crown Resorts has questioned whether the practice of regulators settling enforcement action ahead of trial gave rise to a “moral hazardâ problem.
A proposed interest-free payment plan for a $450 million penalty agreed to between Crown Resorts and AUSTRAC has been questioned by a judge, who said it would have âthe Commonwealth of Australia act as the Crownâs bankerâ for two years.
A judge overseeing five lawsuits seeking compensation on behalf of AFL players who allegedly suffered brain injuries has set the stage for a class action beauty parade, as one law firm flags a possible sixth action.
A judge has questioned an $11 million settlement in a class action against retirement village provider Aveo, resolving to appoint a contradictor and a costs referee amid a dispute between the plaintiff law firm and its litigation funder, which the court heard has âgrave concernsâ about the costs incurred in the case.
Crown Resorts has reached agreement with AUSTRAC to pay a $450 million penalty for the casino operator’s serious breaches of the anti-money laundering and counter-terrorism financing laws.
Real estate investment trust NorthWest can amend its pleadings in a lawsuit alleging one of the countryâs largest unlisted healthcare property funds conspired to prevent it from acquiring a controlling stake, but has come up short in its bid to add to its claims against property giant Dexus.
An appeals court has said that while it might be desirable for law firms to disclose their involvement in drafting expert reports, they are not legally obligated to do so, overturning a finding that Corrs Chambers Westgarth went âfar beyond the permissible scopeâ of involvement in a report prepared for a trade secrets case.
Crown Resorts has reached agreement on a proposed penalty in AUSTRAC’s case alleging âwidespread and serious non-complianceâ with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.
The liquidators of failed engineering company Hastie Group have appealed a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous other builders.
Westpac has hit back at a bid by ASIC to add an allegation to the regulator’s insider trading case that hinges on the bank providing financial services when it traded on the morning of a $16 billion deal to privatise electricity provider Ausgrid.