Most Recent
A New South Wales developer and construction company have been hit with a class action by aggrieved property owners at a Central Coast commercial development who say the building was riddled with defects, including subpar air conditioning.
AMP has admitted ASIC's allegations that it acted unconscionably in charging life insurance premiums and advice fees to deceased customers, but the wealth manager will go head to head with the regulator over how much it should pay for its contraventions.
Japanese truck maker Hino is facing a class action investigation in Australia after admitting it submitted false data on fuel emissions and fuel economy tests for many of its engine models in Japan.
A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under which individuals group members will get around $600 after $31.7 million in expenses is deducted.
The judge who oversaw a discontinued criminal cartel case over a $2.5 billion ANZ share placement has bemoaned Australia's overly complex criminal cartel laws, noting prosecutors stumbled in advancing the indictment despite the case involving a "not particularly complex" set of facts.
Singapore-based real estate investment firm ZACD Group has filed a lawsuit seeking to recoup $21.3 million from defunct property group iProsperity and its missing founder Michael Gu, who fled the country in 2020 amid findings the company misappropriated millions in investor funds.
The Australian Competition and Consumer Commission will not oppose Google's $7.6 billion bid for cybersecurity firm Mandiant, the second-largest acquisition in the company's history.
Two former executives at Fuji Xerox's Australian unit have settled a lawsuit over their roles in a $450 million accounting scandal that has also ensnared auditor Ernst & Young.
Australian Mines has agreed to pay a $450,000 penalty to settle proceedings brought by ASIC after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.
A Globaltech patent for mining survey tools is facing another test, with rival technology company Reflex Technologies lodging an appeal after its invalidity challenge flopped.