Boutique law firm Phi Finney McDonald is investigating a potential shareholder class action against BHP Billiton over the fatal Samarco disaster in Brazil, which saw the market value of the mining giant plummet by $25 billion.
ASIC’s newly installed chief on Thursday slammed banks and other financial firms for their “trust deficit” and vowed to deploy “every inch of our powers and tools” to go after violators.
Optus was ordered Wednesday to temporarily pull an ad that Telstra alleges makes a false and damaging claim about the superiority of Optus’ mobile network.
Construction, Forestry, Mining, and Energy Union bosses John Setka and Shaun Reardon have walked free from court after prosecutors on Wednesday dropped blackmail charges related to the union’s boycott of Boral concrete.
The Full Federal Court on Tuesday dismissed an appeal by aviation services company Aerocare of a ruling rejecting an enterprise agreement the Transport Workers Union called “substandard”.
The financing arrangement underwriting Quinn Emanuel’s shareholder class action against AMP, which will earn its partner Burford Capital a record low 10 percent of any recovery, sets a new standard in class action litigation funding, and is expected to spark greater price competition in the industry.
The Full Federal Court has slapped Japanese car parts maker Yazaki Corporation with a $46 million penalty for colluding with a competitor on prices for wire harnesses supplied to Toyota, handing a win to the ACCC which argued the original $9.5 million penalty handed down did not reflect the seriousness of the conduct.
A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a “super deal” and Quinn Emanuel besting that with a funding arrangement to “shake up” the market.
The fraud case against Australian basketball great Shane Heal has been withdrawn after prosecutors’ could not get their US-based star witness to testify in time.
A Victorian Supreme Court judge has recused himself from proceedings over costs in a construction dispute, after vowing to send transcripts of the case to the state’s legal watchdog.