AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from “serious misconduct” that came to light curing the 2018 banking royal commission.
A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed.
The High Court has unanimously granted home retailer Bed Bath N’ Table’s appeal of a ruling that retailer House did not engage in misleading and deceptive conduct in setting up its Bed & Bath stores.
A judge has found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him, with a judge skewering the tax office for instituting a “policy of wilful blindness” in pursuit of the debt.
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund.
Collapsed supply chain finance company Greensill Bank can’t access a copy of a Tokio Marine unit’s database, with a judge finding the copy was created for the primary purpose of HWL Ebsworth providing legal advice.
A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK’d fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.
A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
Johnson & Johnson-owned Janssen has secured an injunction against drug maker Juno Pharmaceuticals, halting the release of Juno’s generic version of schizophrenia drug Invega Sustenna.
Ramsay Health Care has lost its challenge to development approval for a community health care services centre near its Greenslopes Hospital in Brisbane, with a court finding the centre would not interfere with the hospital’s operations.