A judge has signed off on the discontinuance of two class actions against Canberra property developers for allegedly misleading investors about GST on their apartments, after the High Court declined to review a ruling that made the cases “uneconomic” for the funder to pursue.
An environmental group is challenging the approval of an extension for Whitehaven’s Narrabi coal mine, arguing the NSW Independent Planning Commission failed to consider the project’s impact on climate change.
Failed neobank Volt is facing an investor class action investigation over representations made in a series of funding rounds that raised $219 million before announcing last week that it would shut its doors.
Crown Resorts could face another record fine after Victoria’s gambling regulator launched fresh disciplinary proceedings seeking information about the casino’s alleged failure to properly supervise problem gamblers.
Melbourne-based aged care facility St Basil’s has been hit with nine charges by the state’s workplace safety watchdog over a COVID-19 outbreak that resulted in 45 resident deaths.
A judge has signed off on a $4.7 million settlement in two investor class actions against collapsed sandalwood producer Quintis, two year after an earlier settlement was scuttled as group members kicked off an insurance dispute in pursuit of a better return.
Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract breaches.
A litigation funder has reaped $7.5 million from the sale of a 20 per cent stake in a shareholder class action against the Commonwealth Bank of Australia over the bank’s allegedly lax money laundering compliance.
Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class action over a prospectus for a $324 million capital raising just months before it filed for administration.
Origin Energy has been hit with a record $17 million penalty for violating its obligation to protect financially vulnerable customers, including by disconnecting the services of some who were on a payment plan.