Electro Optic Systems has admitted continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts, with ASIC filing a $4 million lawsuit against the defence firm and another against its co-founder.
A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.
A Deloitte review has found lax compliance with anti-money laundering rules by Bendigo Bank over a six-year period.
A judge has said there should be a joint initial trial in a class action and the privacy regulator’s case against Medibank over a 2022 cyber attack that exposed the data of almost 10 million customers.
Encrypted messaging app Telegram has withdrawn its court challenge to a $1 million fine issued by eSafety, a move welcomed by the online regulator on Thursday.
Chinese car brand LDV is fighting the consumer regulator’s case alleging it misled customers about its vehicles, telling a court that ads showing the vehicles as durable in off-road terrains were not misleading.
The Fair Work Commission has allowed a former Lovisa worker to file an unfair dismissal claim out of time, finding that an error by her lawyer constituted an exceptional circumstance.
Optus has been hit with a penalty of more than $826,000 after scammers exploited a vulnerability in its third-party verification system and stole $39,000 from customers’ bank accounts.
Underpayments class actions against Coles and Woolworths want to expand their claims to cover a longer time period, which would leave the supermarket giants with even bigger remediation bills than the $780 million estimated in the wake of a finding that underpayments cannot be set off.
Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for “intemperate” remarks its founder made in the media about the legal system.