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A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.
A Singapore-listed company that acquired former ASX-listed coal miner Blackgold International is statute-barred from claiming that Blackgold’s former lead auditor should have detected fraudulent transactions in the company’s accounts.
A court has approved an application to drop a class action on behalf of former students at Fairbridge Farm School in NSW over alleged abuse, after the law firm running the case said it was "uneconomic".
Coles has argued that the competition regulator’s decision rejecting the supermarket giant's bid to lease a new site in Kalgoorlie, WA was based on a theory of harm that is novel under Australian law.
Coles has fired off Federal Court proceedings over the ACCC's decision to block its proposed acquisition of a leasehold interest in a supermarket and liquor store site in Kalgoorlie, one day after bringing proceedings at the Australian Competition Tribunal.
KPMG has fined seven partners, some as much as $180,000, for misusing confidential client information in May.
Palestinian-Australian author Dr Randa Abdel-Fattah has filed discrimination claims against the organisers of the Bendigo Writers Festival.
ASIC has raised the prospect of criminal charges linked to the Shield Master Fund, after bringing civil penalty proceedings alleging up to $530 million in retirement savings was used for unauthorised purposes.
Construction PRO
A class acton against Fletcher Building’s Iplex over thousands of allegedly burst pipes in homes around Australia is gearing up for a mammoth 12-week trial, with a separate claim by BGC, which installed the pipes, to proceed by way of a test case.
Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.