A judge has ordered ANZ pay $250 million in penalties in four cases by the corporate regulator, $10 million more than the bank had agreed to pay, after saying one of the fines proposed for overstating bond trading volumes was “on the light side”.
Northwest Rail Link builders CPB Contractors and John Holland are pushing back against a bid by several insurers to join joint venture partners MTR and UGL to a coverage spat over a $100 million policy.
The judge overseeing a jointly run class action against Google, which has already fended off a third proceeding in a contest to pursue the digital giant, will not keep the case waiting for a looming fourth action.
Commercial real estate group JLL has hit back at a case by a former CEO who says he was sacked over his handling of a harassment complaint against a manager, arguing the manager admitted his behaviour was “completely unacceptable”.
Commercial real estate group JLL has hit back at former CEO Daniel Kernaghan’s unfair dismissal case, saying he was sacked for mishandling a harassment complaint against a manager.
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 judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were “very significant”.
Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.
A law firm that was set to argue that two firms formed an anti-competitive agreement in cooperating to run an ad tech class action against Google has dropped its appeal of its failed bid to run the representative case.
Baker McKenzie has lured a Herbert Smith Freehills Kramer partner to head the firm’s project finance team, specialising in infrastructure and power projects.