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ANZ loses appeal in ASIC case over $2.5B share placement
Appeals 2024-10-02 4:44 pm By Sam Matthews

ANZ has lost its appeal of a landmark decision finding it breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters during a $2.5 billion capital raising.

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Merivale reaches new class action settlement after first deal scrapped
Class Actions 2024-09-26 2:24 pm By Cindy Cameronne

Hospitality giant Merivale has reached a revised settlement in an employment class action, five months after the lead applicant’s unusual move to renege on an earlier deal.

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Captain Cook, ACCC to mediate after failed High Court appeal
Competition & Consumer Protection 2024-09-23 11:23 pm By Andy Sidler

Captain Cook College and its COO will attempt to reach an agreement on penalty with the ACCC after the High Court knocked back their appeal of a systemic unconscionable conduct finding.

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Seven faces Fair Work suit by former Spotlight journalist
Employment 2024-09-20 3:15 pm By Andy Sidler

Seven is facing another workplace lawsuit by a former journalist, with former Spotlight reporter Amelia Saw accusing the TV network of general protections breaches under the Fair Work Act.

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Mastercard takes swipe at use of Reserve Bank statistics in ACCC’s case
Competition & Consumer Protection 2024-09-17 11:28 pm By Christine Caulfield

Mastercard is fighting an evidentiary win for the competition watchdog in a case alleging the payments giant misused its market power in deals with major retailers.

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Ex-Seven reporter drops suit after court told of 13 complaints by women
Employment 2024-09-10 11:33 pm By Cat Fredenburgh

Axed Seven Network reporter Robert Ovadia has dropped a lawsuit against his former boss, just days after the court heard that 13 women came forward with complaints following his dismissal.

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Hyundai, Kia must produce docs to class action, can’t get by with ‘sample set’
Class Actions 2024-09-02 2:18 pm By Sam Matthews

Hyundai and Kia have been ordered to produce further documents to allow a class action to investigate the nature and extent of alleged engine defects, with a judge rejecting the car makers’ bid to produce only a sample set of documents.

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Seven says 13 women have made complaints about sacked journalist
Employment 2024-08-29 2:55 pm By Andy Sidler

Seven Network has told a court 13 women have come forward with complaints about television reporter Robert Ovadia since his dismissal in June.

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HFW lures top litigation, restructuring partners from Johnson Winter Slattery
Business of Law 2024-08-28 10:18 pm By Andy Sidler

HFW has snagged two partners specialising in litigation and restructuring and insolvency from Johnson Winter Slattery, including the firm’s litigation practice group head.

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Babcock & Brown liquidator wants to knock out fifth shareholder suit
Restructuring & Insolvency 2024-08-16 2:08 pm By Sam Matthews

The liquidator of failed global financial services firm Babcock & Brown is seeking to permanently stay a shareholder suit it says is an abuse of process, nearly five years after three other cases against the liquidator were thrown out.

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