The government has released a draft code of practice for a new deferred prosecution scheme under which corporations could avoid charges in exchange for self-reporting serious corporate crimes.
A federal judge on Friday set an August date to hear AMP’s arguments for why competing class actions should be moved to the NSW Supreme Court, but ordered the company to alert the state court to the brewing jurisdictional battle.
A judge has ordered legal tech entrepreneur Karl Redenbach’s company to foot the legal bill of his brother and nSynergy co-founder, Keith Redenbach, after a court gave the green light to a derivative suit alleging Karl diverted tens of millions of dollars in nSynergy’s assets, including software company LiveTiles.
The litigation funder underwriting a class action over the collapse of Banksia Securities lost its bid Thursday to block a group member from challenging a $64 million settlement in the case.
AMP will begin its push on Friday to move competing Federal Court class actions to the NSW Supreme Court, but the company will face fierce opposition.
Law firm Corrs Chambers Westgarth is following in the footsteps of Squire Patton Boggs, with both now challenging a ruling that halted their shareholder class actions against logistics startup GetSwift.
Online small business lender Prospa postponed Wednesday’s expected float for 48 hours to “clarify” questions by the corporate regulator over its small business loans.
BHP has been hit with a shareholder class action over the deadly Samarco mine disaster that wiped off $25 billion from the share price of the mining giant.
Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action.
Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.