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Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.
The corporate regulator has commenced an investigation into ASX’s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas.
The competition regulator is seeking views on whether IAG's bid to acquire a 90 per cent stake in RACQ's insurance underwriting business for $855 million could saddle consumers with higher prices.
A court has given the consumer watchdog the OK to pursue its case against Mosaic Brands over alleged misleading delivery times, despite hearing the company will likely be liquidated.
Mastercard is staring down costs orders after telling a court it will seek to vacate an upcoming trial date in its fight with the competition regulator after technical difficulties slowed the discovery process.
Telstra has paid a $394,380 penalty for shirking its obligation to check internet speeds when migrating customers to the NBN.
Ultra Tune has lost its appeal of a record $1.5 million fine for contempt after it failed to follow a court-ordered compliance program in proceedings brought by the consumer watchdog.
The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.
Rejecting an urgent travel ban bid by the corporate cop, a court has cleared Melbourne businessman Rashid Alshakshir to fly to Indonesia, saying the evidence did not show he was a flight risk.
Wealth guru Dominque Grubisa wants the High Court to overturn a finding that she had actual knowledge her company's statements were misleading, saying the case raises unresolved questions about accessorial liability.