King & Wood Mallesons

A judge has declined to extend an injunction that barred ASX-traded Structural Monitoring Systems from sacking its CEO after he launched whistleblower proceedings against the aerospace company.

NAB has sued a group of insurers alleging they are liable to indemnify the bank for a $64.25 million settlement and associated defence costs in a superannuation class action against units MLC and NULIS Nominees. 

Liquidators of a collapsed developer have filed a High Court challenge after losing a bid to revive a lawsuit against a financier over the Pentridge Village development in Melbourne. 

A judge has ordered the administrator for two class actions over PFAS contamination that settled for $153 million to pay the leftover funds to group members rather than to charities, saying it was not appropriate “to go around making donations”. 

A Federal Court suit by HR company Employment Hero accusing investor and rival Seek of misusing its market power has been resolved.

King & Wood Mallesons has lost a seasoned M&A partner with expertise in real estate and infrastructure deals to Gilbert + Tobin.

Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.

Reforms to Australia's merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.

A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors. 

A judge has allowed a shareholder class action over the collapse of asset manager Blue Sky to bring insider trading claims against several short sellers, as well as brokers Credit Suisse and Argonaut Securities.