A Herbert Smith Freehills lawyer and former Deutsche Bank general counsel who previously led ASIC’s litigation and enforcement team has been appointed to replace the corporate regulator’s outgoing chair James Shipton.
The Australian Competition and Consumer Commission has called on Apple and Google to seize a “window of opportunity” to address the regulator’s concerns about their significant power in the app marketplace or face possible regulation.
The federal government has been hit with a class action on behalf of up to 6,000 Indigenous Australians seeking compensation for their forcible removal from their families in the Northern Territory from 1910 to the 1970s.
Westpac has agreed to pay up to $30 million to settle a long-running class action over allegedly excessive insurance premiums which included a trip to the High Court that resulted in common fund orders being struck down in the early stages of class actions.
Monash Health and LaTrobe Regional Health Service have been hit with a class action on behalf of junior doctors in Victoria who allege they were denied pay for overtime hours worked over the past six years, the second underpayments class action filed by junior doctors in the state.
War veteran Ben Roberts-Smith has taken leave from his role as general manager of Seven Networks in Queensland, less than two months before trial begins in his defamation lawsuit against Nine-owned Fairfax over articles that accused him of war crimes.
An ASIC review has found that 17 per cent of clients of IOOF unit RI Advice may have been exposed to harm, one month after a judge found that one of its former advisors violated the law by steering investors towards risky investments.
A judge has temporarily barred Qantas from moving forward with its plans to terminate a long haul pilot who reached the mandatory retirement age of 65, saying the pilot had established that he may have an age discrimination claim against the airline.
Two months after the remains of accused fraudster Melissa Caddick were discovered on a NSW beach, ASIC is seeking to appoint final receivers to realise her assets, although the family and friends who invested tens of millions with the Sydney businesswoman are not expected to fully recoup their investments.
The judge who vowed last year to move a criminal cartel case over a $2.5 billion ANZ share placement to trial “before we all retire” will soon weigh the ACCC’s claim for privilege over statements from JPMorgan witnesses it has been accused of pressuring during its investigation, two months after a different judge heard a still unresolved privilege fight in the long-running case.