The Commonwealth Director of Public Prosecutions has pared its criminal cartel case against Country Care Group and two individuals, cutting over 100 charges in an indictment that details two alleged cartel agreements the Australian mobility equipment provider entered into in relation to bids on NSW government tenders.
The High Court has granted ASIC special leave to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially off the hook for $147.5 million in misappropriated funds, after ASIC argued the High Court should intervene to clarify the scope of the word “officer” under the Corporations Act.
A judge has dismissed HWL Ebsworthâs claims of a âfishing expeditionâ and granted discovery of a slew of internal documents relevant to allegations a partner at the law firm encouraged a companyâs directors to unlawfully divert insurance proceeds to pay almost $150,000 in legal bills.
A former PPB Advisory liquidator has been jailed for seven years for embezzling $800,000 from defunct property development company Neolido Holdings Pty Ltd.
Months after submitting its final report on the country’s class action regime, the Australian Law Reform Commission has been tasked with undertaking a “comprehensive” review of the effectiveness of the country’s corporate crime laws, including whether the criminal code should be altered to make senior executives liable for company misconduct.
Charges in the criminal cartel case against ANZ, Citigroup and Deutsche Bank over a $2.5 billion ANZ institutional share placement have yet to be finalised, almost a year after the proceeding was filed.
An insolvent mobile ticketing company wants a slew of documents from HWL Ebsworth related to its allegations that an HWL partner aided its former directors in diverting the proceeds of a life insurance policy to pay money owed to the firm.
The Federal Court has been given exclusive jurisdiction over white collar criminal matters, with an additional $35 million in funding coming its way to mange the expanded caseload.
A name partner at law firm Tucker & Cowen and the firm itself have lost their bid for summary dismissal of a lawsuit brought by the receiver of failed fund manager Equititrust seeking to recover $17.5 million allegedly acquired through deceptive means.
A former financial advised has been sentenced to 10 years in prison for doing ‘as he pleased’ with $5 million in client funds that were earmarked for superannuation investments.