National Australia Bank has avoided enforcement action and entered into an undertaking with AUSTRAC to settle an investigation into compliance with anti-money laundering and counter-terrorism financing laws.
Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder’s proposed commission.
Atanaskovic Hartnell is challenging a $160,000 judgment against the law firm and founding partner John Atanaskovic, who was found to have engaged in a campaign to “abuse, belittle and victimise” a former general manager.
US institutional shareholders who joined a class action against Crown Resorts that settled on the eve of trial for $125 million are urging the Federal Court to slash the funder’s commission by $4.65 million.
Law firms running competing shareholder class actions against a2 Milk appear to have reached agreement to join forces, with a court order Thursday scrapping a contest to determine which case would proceed alone.
A judge has ruled that the discontinuance of a class action doesn’t lift the suspension of the limitations period on group member claims, and a court order that the clock run again is needed to ensure companies don’t face potential litigation in perpetuity.
A former Greenwoods & Freehills partner is suing the tax advisory firm and Lendlease, alleging he was effectively sacked after refusing to put his name to a tax return and making complaints that the construction giant was inflating its income and dodging tax.
Uber has admitted to making misleading statements to passengers and has agreed to pay $26 million in penalties in a case by the consumer regulator over the ridesharing giant’s cancellation warning messages.
Ashurst has poached legal governance specialist Miriam Kleiner from King & Wood Mallesons to join the firm’s strategic advisory practice.