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Fiducian hit with $7.3M penalty over misleading ESG claims
Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
Arrium, KPMG class action stuck with $2.8B impairment claim: judge
A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.
Star calls for $6.5M from class action firm, cites illiquid WIP assets
Slater & Gordon should pay $6.5 million in security in a shareholder class action against Star, the casino giant says, citing concerns about the law firm’s ability to foot its costs if the case fails. 
Nuix points to ‘ambitious’ sales targets for failure to meet budgets
A failure by software firm Nuix to meet internal budgets ahead of its $1.8 billion IPO in 2020 was the result of “ambitious targets” to incentivise the company's sales staff, a court was told Tuesday.
Domino’s to appeal loss in underpayments class action
Pizza chain Domino's has confirmed that it will appeal a judge's finding that it misled franchisees on the pay its workers were entitled to, leaving them shortchanged.
Lawyer called out by judge for ‘heckling’ counsel from bar table
A judge has described as a "deplorable lapse of decorum" the conduct of a lawyer who "heckled" an opponent in a dispute over costs in an employment case. 
Arrium directors, KPMG deny ‘playing games’ in class action trial
A mid-trial fight has erupted in a class action over the collapse of steelmaker Arrium, with the company's auditor and directors saying the case had swerved, and the plaintiff accusing the respondents of "playing games".
Class closure worth the $1M cost, judge in J&J cold meds case says
In ordering early registration for a class action against a Johnson & Johnson unit, which estimates its defence costs at over $22 million, a judge has said the "very expensive" process is appropriate.
Construction PRO
$1.2B Mandarin Centre redevelopment sparks courtroom fight
One of the entities behind the $1.2 billion redevelopment of the Mandarin Centre in Chatswood, Sydney has launched proceedings against its former business partner, alleging it acted in breach of its good faith obligations when it agreed to buy out its stake.
Construction PRO
Law firm can’t gag solicitor in ‘deposit flicking’ dispute
A judge has declined to block a solicitor from representing that a new conveyancing firm, which aims to help real estate agents comply with AML/CTF obligations by holding property deposits, is operating an illegal business model.