Companies

Rio Tinto's struggling Tomago Aluminium Company has lost a challenge to a $52 million valuation of the land occupied by its Hunter Valley smelter, despite arguing the sum was too high in light of electricity costs and the limited pool of notional buyers.

Boral wants a judge to wait until the High Court delivers a judgment in cases against CBA before issuing his decision in shareholder class actions against the building materials giant. But the applicant says the court can’t wait for “perfect clarification” of the law.

The Finance Sector Union has reached a resolution with National Australia Bank in a test case by four managers who were allegedly required to work "unreasonable" unpaid hours for years.

Two US jury verdicts last week in cases over alleged harms caused to children by social media platforms have spurred plaintiff firms to weigh class actions in Australia.

Mastercard has lost its challenge to a ruling requiring it to hand over communications about agreements with retailers in a misuse of market power case brought by the competition regulator. 

A judge has struck out claims against Google’s parent company Alphabet in a class action alleging the digital giant abused its dominance in digital advertising, finding they were "ambiguous". 

A judge has asked the Australian Competition and Consumer Commission and Meta to resolve their standoff over document discovery in a case over scam cryptocurrency ads on Facebook.

A former KPMG executive has accused the firm of misappropriating confidential Lendlease board papers to pursue audit tenders with Westpac and Dexus, while also engaging in adverse action against a whistleblower. 

Woolworths says it wants more information about an executive's lawsuit alleging she faced excessive workloads and discrimination after she was diagnosed with an aggressive form of breast cancer.

The federal and Queensland governments will hand over $2 million to Rio Tinto to support its Boyne aluminium smelter in return for the mining giant investing $7.5 billion in clean energy projects within the state.