The Australian Securities and Investments Commission’s new chair Joseph Longo has defended his team’s work in reviewing the Nuix prospectus before the embattled tech company’s $2.9 billion float late last year.
Supermarket giant Woolworths has been hit with regulatory action by the Fair Work Ombudsman after it admitted to shortchanging thousands of full-time salaried managers to the tune of $390 million.
Google has lost its challenge to a ruling that it pay a Melbourne gangland lawyer $40,000 for the results of an internet search that included a link to a defamatory article, with an appeals court affirming the search engine giant was a publisher of the results.
National Australia Bank has admitted in court it broke the law by charging fees it was not entitled to collect, but the bank and the corporate regulator are $25 million apart on what is an appropriate penalty.
A judge has ordered employees of supermarket chain Romeo’s to receive a further corrective opt-out notice in class actions against the company following claims that a senior manager again initiated discussions with group members about the case.
Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.
Industry super funds AustralianSuper and IFM Investors – the consortium behind the interest rate swap at the centre of the corporate watchdog’s insider trading case against Westpac — have asked a judge to shield commercially sensitive information from the public as the high-profile action unfolds.
Cyber security company Secure Logic Group has won an injunction barring two former executives from using confidential information, but the victory is a Pyrrhic one for the firm, whose covert surveillance of one of the executives could lead to criminal charges.
AMA Group has told a court it will enter early mediation in its lawsuit against former CEO Andrew Hopkins that alleges he owes $2.4 million in unauthorised expenses and repayments on an outstanding loan.
Describing the federal government’s income-averaging debt collection program as a “shameful chapter”, a judge has approved a $112 million settlement in the Robodebt class action, saying the agreement was fair and reasonable.