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ASX agrees to $20.5M penalty on eve of trial in ASIC’s case
ASX Limited has reached a settlement with the corporate regulator just hours before a scheduled trial in a case over a market announcement that said its CHESS replacement project was “progressing well”.
‘Everyone had a chance’: Magnamail denies prize draw promotions were misleading
Mail order company Magnamail has denied allegations by the Australian Competition and Consumer Commission that it sent false or misleading promotional material implying customers were eligible for major prizes if they ordered from its catalogues. 
Judge questions Macquarie getting large chunk of $102M Keystone payout
A judge has questioned whether Macquarie Financial should get 70 per cent of an interim $102 million distribution to people who sank their retirement savings into Keystone’s Shield Master Fund, which is being investigated for misuse of investor funds.
Giggle for Girls asks High Court to undo discrimination win for trans woman
Social media app Giggle for Girls has asked the High Court to reverse a finding that it committed direct discrimination on the basis of gender identity by excluding a transgender woman from its platform.
Pitcher Partners says deal changes can’t justify avoiding $1.3M abort fee
Pitcher Partners has argued in its case against a former client over a $1.3 million abort fee that treating proposed deal changes as material departures would enable parties to avoid such fees by putting forward absurd terms. 
Union Standard cops record $300M penalty in ASIC case
Defunct forex broker Union Standard and its former agents have been hit with a combined $300.2 million penalty for “egregious” contraventions, including deliberately pushing risky derivative contracts onto inexperienced investors.
Suit over $36M Bunnings store a ‘significant’ competition case, court told
A Mitre 10 franchisee’s case alleging Bunnings engaged in anti-competitive conduct by launching a $36 million store in regional Queensland will have significance for other independent hardware retailers that have closed down, a court has heard.
Sportsbet CEO to face cross-examination in betting class action
A class action alleging Sportsbet provided unlawful gambling services plans to cross-examine its CEO over his claim the company would not have offered the bets if it knew they were illegal, with the court hearing he relied on legal advice. 
High Court won’t undo solicitor’s win in negligence case
The High Court won't hear a challenge to a dismissed negligence suit against a Sydney solicitor, in an appeal dealing with whether lawyers need to examine the underlying contracts in a dispute before determining whether a claim or defence has merit.
Construction PRO
Clough loses appeal in spat with EnergyConnect JV partner
Engineering firm Clough Projects Australia has lost its challenge to a judge's decision that stayed a $55 million cross-claim against former EnergyConnect joint venture partner Elecnor but kept Elecnor's case alive.