Infrastructure services company Downer EDI has been hit with a second shareholder class action following revelations of accounting irregularities that sent its share price tumbling.
Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.
The Australian Competition and Consumer Commission has put the brakes on a cooperation agreement between Virgin Australia and Alliance Airlines for fly-in fly-out customers, citing concerns about increased prices and reduced services.Ā
Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.
Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission’s allegations that it violated consumer laws by posting misleading customer ratings on its website.
National Australia Bank has moved to set aside discovery requests in a suit by its former head of repo trading alleging she was bullied and paid less than other workers because of her gender.
Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.
Insurer Atradius has lost its bid to bring a $1.5 billion (US$1 billion) case against four KordaMentha liquidators and 60 financiers of the Arrium group alleging they failed to act under a duty of utmost good faith when agreeing on how to divvy up sale proceeds for several entities.
Private health insurer Medibank has hit back at a class action over a data breach that affected close to 10 million customers, describing the claims as āhopeless.ā
A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the āfun and games and cat and mouse of the stock marketā has been sentenced to two and half years imprisonment for market manipulation.