ACCC Sues Major Egg Producers For Cartel Behaviour
The ACCC has sued 12 major Australian egg suppliers and producers in the Federal Court, alleging cartel behavior and competition law breaches arising from coordinated decisions since at least October 2020.
ASX CHESS Suit Can Proceed Against Former Chairs, CEO
A Federal Court judge on Tuesday allowed investment manager Rosherville to proceed with a shareholder derivative action alleging ASX's directors including the former chairs and CEO breached their duties overseeing the botched replacement of the CHESS platform, rejecting ASX's argument that Rosherville dragged its feet in bringing the case.
ACCC Sues Major Egg Producers For Cartel Behaviour
The ACCC has sued 12 major Australian egg suppliers and producers in the Federal Court, alleging cartel behavior and competition law breaches arising from coordinated decisions since at least October 2020.
Judge Needs More Info To Approve $105M Qantas Settlement
The Federal Court declined on Tuesday to approve a proposed $105 million class action settlement over credits for Qantas flights cancelled during COVID-19, saying it needed more information to assess whether the proposed fees and deductions were reasonable.
ASX CHESS Suit Can Proceed Against Former Chairs, CEO
A Federal Court judge on Tuesday allowed investment manager Rosherville to proceed with a shareholder derivative action alleging ASX's directors including the former chairs and CEO breached their duties overseeing the botched replacement of the CHESS platform, rejecting ASX's argument that Rosherville dragged its feet in bringing the case.
Expert Analysis
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Financial Services More
Fortnum Private Wealth, a firm that licenses financial advisers, will pay a $1.35 million civil penalty and $250,000 in costs after admitting its cybersecurity measures were inadequate between April 2021 and M... (more story)
ASIC has stopped Fidante Partners from selling units in its $799.9 million Ares private credit fund as part of its broader crackdown on the private credit sector, citing concerns the high-risk fund inappropria... (more story)
KPMG auditors failed to properly look into contradictory information and unrealistic projections from Arrium Ltd before signing off on audits of the steelmaking and mining company ahead of its 2016 collapse, s... (more story)
ASIC has warned mortgage brokers to improve their loan recommendations and complaints handling, saying seven major broker groups did not recommend the cheapest loan option in over 20% of cases in an industry review.
The Federal Court of Australia on Friday rejected former financial adviser Ferras Merhi's bid to strike out parts of an insurers' defence alleging he provided false information when seeking cover for Financial... (more story)
A Victorian Supreme Court judge has refused to stay a costs order against the collapsed developer of the Pentridge Village housing project to facilitate a new lawsuit after previously tossing its roughly $845 ... (more story)
DLA Piper has appointed former Mallesons special counsel Ryan Iskandar as a partner in its global finance practice, the law firm said in a statement.
The Federal Court of Australia has ordered White Oak Global Advisors to pay another $8 million in cost securities in its ongoing trial against insurance giants IAG and BCC Tokio Marine, roughly half of what th... (more story)
Commercial Disputes More
A customer leading a class action alleging JB Hi-Fi misled consumers into buying extended warranties of little or no value told the Supreme Court of Victoria he felt pressured by sales staff to buy the extra c... (more story)
The Supreme Court of NSW has given the green light to a discovery application by a Hong Kong consulting company considering suing its former employee, his new employer and a recruiter after 11 staff followed h... (more story)
Cubbie Station's former owner has appealed a Federal Court ruling allowing a creditor to seek its winding up in Australia to enforce Chinese judgments, after the judge found it had conducted business locally t... (more story)
Former Today host Karl Stefanovic has settled a lawsuit brought by his business partner over the running of their joint podcast company, which included the namesake The Karl Stefanovic Show, including the purc... (more story)
Chubb Insurance's former head of Australian operations has filed a Fair Work claim against the company, its senior executive staff and members of the board in the Federal Court of Australia.
Former Cornwalls partner Duncan Travis and former Cooper Grace Ward special counsel Bridget Camilleri have joined Holding Redlich as partners in its dispute resolution and litigation practice, alongside a new ... (more story)
The High Court of Australia has refused the application of former Neometals executive Christian Reiche for special leave to appeal the dismissal of his whistleblower victimization claim against the company.
Mining giant Fortescue and its Iron Bridge joint venture partner Formosa Steel have sued pipe supplier Clover Pipelines and Turkish subcontractor Superlit Boru in the Supreme Court of Western Australia, allegi... (more story)