Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a āno brainerā that the company was in dire straits when its directors sought extra funds.
The Australian Securities and Investments Commission will not seek to enforce a $7.2 million penalty agreed to by Dixon Advisory after admitting to the regulatorās allegations that it failed to act in its clients’ best interests.
Slater & Gordon has defeated Shine Lawyers in a contest to run a shareholder class action against Beach Energy, with a judge finding Shineās tiered contingency fee arrangement was āmere window dressingā.
A former Greenwoods & Freehills partner will argue he is entitled to whistleblower protection in his lawsuit against the tax advisory firm and Lendlease, alleging he was forced to leave after refusing to put his name to a tax return and making protected disclosures.
A judge has slammed a $26 million penalty agreed to by Uber and the ACCC as ānot within the rangeā, saying the impact of the rideshare giant’s misleading conduct appeared to be “trivial”.
ANZ is optimistic its proposed $4.9 billion acquisition of insurer Suncorp’s banking unit will be cleared by the competition regulator, and is counting on the public benefits of the merger to win approval.
Uber is challenging a ruling that found many email exchanges with its lawyers were made in furtherance of offences and were not protected by legal professional privilege, saying it would be forced to hand over to a class action “bog standard” legal advice.
Booktopia has resolved a case by the consumer regulator alleging the online book retailer’s policy that required customers to request a refund within two business days of purchase was misleading.
Broadcaster Seven has filed court proceedings against a production firm it partners with to broadcast the Olympic Games for allegedly refusing to hand over software it needs for the upcoming Commonwealth Games.
The National Australia Bank has denied claims by a former senior employee that she was bullied and paid less than other workers because of her gender, saying a manager did not brandish a baseball bat in a threatening way but merely carried it around as a ‘fidget toy’.