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Shareholder class action targets Fletcher Building for ‘misleading’ FY17 forecasts
Shareholders have brought a class action in Australia against New Zealand-based Fletcher Building, alleging the company failed to disclose material information relating to its construction division.
Kanye West hit with burger shop’s costs after lawsuit thrown out
Kanye West, now known as Ye, has been ordered to foot the legal bill of a small Melbourne restaurant he sued, after the lawsuit was thrown out due to the artist's failure to meet a deadline for filing evidence.
Ashurst snags McCullough Robertson partner for employment team
Ashurst has lured the founding partner of McCullough Robertson's employment and safety practice to expand its risk advisory offering amid increased regulation in the space.
MACH Energy hits back at Tinkler’s fraud case, mounts strike-out bid
MACH Energy has hit back at a lawsuit by mining executive Nathan Tinkler's companies that alleges a former general manager misused confidential information to help MACH buy the lucrative Mount Pleasant coal mine.
Class action firm’s potential profit from Arrium case not relevant to security sum: judge
A judge overseeing a security dispute in a shareholder class action against KPMG and former directors of Arrium has found that potential profits to the plaintiff law firm running the case under a group costs order is not relevant to determining the quantum of security for costs.
ANZ hit with $10M penalty over $18.5B home loan program
ANZ has been hit with a $10 million penalty in a case brought by the Australian Securities and Investments Commission alleging the bank's home loan 'introducer' referral program breached credit laws.
Moccona sues Vittoria for selling instant coffee in a jar
A trade mark stoush between the owners of coffee brands Moccona and Vittoria is “all about whether people think a jar means Moccona", a court has heard.
Facebook to cop penalty in ACCC case over ‘misleading’ data protection app
Facebook will face a penalty in the Australian Competition and Consumer Commission's case alleging it misled consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private.
Insurer must indemnify church for historic sex abuse claims
Allianz must indemnify the Uniting Church for historic claims of sexual abuse that allegedly occurred up to four decades ago at the exclusive Sydney boys’ private school Knox Grammar, a judge has found.
7-Eleven loses appeal of $595,000 judgment for misleading franchisee
Convenience store giant 7-Eleven has lost its appeal of a $595,000 judgment handed down after a court found a franchisee signed a franchise agreement and invested almost $796,000 into a Melbourne store under false pretences.