Superannuation fund QSuper has been hit with a class action for allegedly overcharging up to 140,000 life insurance customers.
The Australian Competition and Consumer Commission has given the green light to the National Australia Bank’s proposed $1.2 billion acquisition of Citigroup’s Australian consumer business, finding the deal is not likely to substantially lessen competition.
Dairy giant a2 Milk has been hit with a second class action alleging it misled shareholders by providing an overly rosy forecast for its infant formula sales.
The Australian Securities and Investments Commission has imposed additional license conditions on the Australian Securities Exchange after operational issues created a “very serious” outage last year.
South Australian Power Networks has reportedly agreed to pay $2.25 million to settle a class action brought by the victims of the 2019 Yorketown bushfire.
A lawyer for Rentokil has told a court the pest control company is scratching its head over the defence by a former manager accused of a $3.2 million fraudulent invoice scheme, noting the employee admits invoices were paid into his personal account.
Construction equipment giant Caterpillar has resolved its dispute with a former employee accused of flagrantly copying “many thousands” of confidential files before taking a job with a competitor.
McDonald’s Australia has been joined as a second respondent in a union-led lawsuit that accuses the fast food giant of “conspiring to deliberately deny workers their breaks”.
Law firm Sparke Helmore acted negligently by failing to adequately advise a New South Wales property developer about extension of time notices that were needed to prevent two lucrative contracts from falling through, a judge has found.
The Finance Sector Union has launched legal proceedings in the Fair Work Commission against the Commonwealth Bank for allegedly sacking an employee who breached a “draconian” salary secrecy clause.