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Law firm mulls legal action after Whitehaven coal mine extension gets approval
Federal environment minister Sussan Ley has approved a controversial coal mining project that is expected to release 100 million tonnes of carbon dioxide into the Earth’s atmosphere, despite a landmark ruling that the government has a duty of care to consider the impact of fossil fuel projects on the next generation of Australians.
Insurer JLT resists bid to expand class action on eve of trial
Insurance broker JLT Risk Solutions has opposed an application by a group of NSW councils to add misleading and deceptive conduct allegations to a long-running class action, claiming the changes would force the vacation of a five-week trial due to start in October.
ACCC concerned JBS acquisition would give it too much pork on its fork
The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.
‘Serious neglect’: Disciplinary board cancels Halifax auditor’s registration
The former lead auditor of stockbroker Halifax Investment Services, whose 2018 collapse resulted in $200 million in investor losses, has had his registration cancelled following an application by the Australian Securities and Investments Commission.
Car makers to pay $52M to settle Takata airbags class actions
Six of the world's largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.
Allianz loses bid for class action beauty parade
A judge has signed off on a proposal by two law firms to jointly run a consolidated class action against Allianz over add-on car insurance, shooting down the insurer's argument that a beauty contest would promote competitive contingency fee rates.
Boral denies loss claims in shareholder class action
Boral has denied that shareholders bringing two class actions against it over financial irregularities in its North America windows business suffered any loss, saying that its systems helped spot and prevent the financial manipulation from continuing.
ME Bank could face $100M penalty in first of its kind criminal prosecution
Members Equity Bank faces a potential multi-million dollar fine if it is found guilty of misleading home loan customers in the first criminal prosecution under the consumer protection provision of the ASIC Act to be tried in the Federal Court.
The Star accuses ATO of breaching settlement agreement
The Star Entertainment Group has filed court proceedings against the Australian Taxation Office seeking to have interest charges on a tax bill cancelled, saying the ATO acted “unfairly” by not adhering to the terms of a 2001 settlement agreement.
Ex-Rentokil employee’s assets frozen over alleged $3.2M invoice fraud
Pest control company Rentokil has won an urgent bid to freeze its former supply manager’s assets after he allegedly stole $3.2 million from the company by creating false invoices on his work laptop.