Top-tier law firm MinterEllison provided ASIC with a legal opinion on whether it was appropriate for the regulator to cover the tax bill of chairman James Shipton, telling the regulator that it was “standard practice” for an employer to cover the reasonable cost of tax advice.
Shareholders of collapsed vocational training company Vocation are poised to get about half of a $50 million settlement reached last month in a complex, long-running class action alleging the company failed to make adequate disclosures about its contracts with the Victorian Department of Education.
Fairfax Media has issued an apology and settled a lawsuit by former Toll Group chairman Ray Horsburgh over an Australian Financial Review article that allegedly defamed him by claiming he made a racist remark at a board meeting.
The Full Federal Court has tossed an appeal by Treasury Wine Estates claiming that Maurice Blackburn and barrister Guy Donnellan breached their obligations in preparing the pleadings in a current shareholder class action against the global winemaker.
Three days after launching a class action against Crown Resorts over potential anti-money laundering breaches revealed at a NSW gaming authority inquiry, Maurice Blackburn has said it will amend the pleadings in a separate shareholder class action against the casino giant using findings from the inquiry’s final report.
A judge has signalled his intention to sign off on a $138 million settlement in a class action against IAG and approve a common fund order that gives the litigation funder a $34.5 million commission, but an application by the funder for reimbursement of after-the-event insurance has been refused.
A Federal Court judge taking over a shareholder class action against IOOF Holdings from a recent High Court appointment has lamented the lack of progress in the case, which has been ongoing for nine months.
Two patent attorneys who resigned from Pizzeys Patent and Trade Mark Attorneys to launch a competing business performed work for clients of the boutique IP firm a year after they jumped ship, in breach of their employment contracts, a lawsuit claims.
The consumer watchdog has launched enforcement action against Facebook, alleging the social media giant engaged in false, misleading or deceptive conduct in the promotion of its discontinued Onavo Protect mobile app.
Former BlueScope general manager of sales and marketing Jason Ellis has been sentenced to a wholly suspended prison term of eight months after pleading guilty to obstructing a price fixing investigation.