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A COVID-19 business interruption test case that was filed in the Federal Court following a landmark loss for insurers in test case before the NSW Court of Appeal, will be determined along with any appeals by the end of the year, a judge has said.
The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was "substantial", the deal involved a "substantial compromise".
Global resources giant BHP Group is seeking special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
A judge has rejected a request that he approve a settlement with the lead applicants in a class action by investors in failed music streaming platform Guvera that would dispense with the class action without notice being sent to group members.
Motivated by greed, online educator Captain Cook College engaged in a system of unconscionable conduct by enrolling thousands of students who accrued $60 million in debt but never finished their courses, a court has found.
Third-party liability insurers may become the latest parties to be dragged into a complex class action over alleged defects in Sydney's Opal Tower, which has has spawned six cross-claims so far.
A Senate committee has issued a vehement denunciation of the Morrison government's proposal to permanently weaken the country's continuous disclosure regime, calling the plan "foolish and dangerous".
After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.
Victorian electric utility Sumo Power has been fined $1.2 million for luring customers with the promise of discounts and low rates only to jack up their prices months later.