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JPMorgan seeks to shield interview docs in ANZ cartel case
ACCC 2021-01-27 9:21 pm By Spencer Fowler Steen

While a Federal Court judge recently promised to advance a long-running criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement, a separate judge will soon hear a privilege dispute over documents from whistleblower JPMorgan that promises to further delay the case.

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‘We have to get this case moving’: Judge orders indictment be filed in ANZ cartel case
ACCC 2020-12-15 12:43 pm By Cat Fredenburgh

The Federal Court judge who is now overseeing a high stakes criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement has ordered that an indictment be filed by February 1, telling the parties “we have to get this case moving” and that he hoped to move the matter to trial “before we all retire”.

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$2.5M settlement in GST class action wins court approval
Charles Colquhoun 2020-08-19 5:34 pm By Alison Eveleigh

A judge has signed off on a $2.5 million settlement of a class action against the developers of the Governor Place residential complex in Canberra brought by apartment owners over the GST payments on their units, with the funder of the proceedings to earn $1.9 million.

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Developer fights to reopen GST class action hearing on damages for lost opportunity
Anthony McInerney 2020-04-29 6:06 pm By Alison Eveleigh

A property developer facing a class action over a residential complex in Canberra has asked a court to reopen a hearing that resulted in a finding that it misled the lead applicant about the GST payable on her unit and awarded her $23,400 in compensation.

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Canberra developers settle apartment owners’ class action over $6.3M in GST
Charles Colquhoun 2020-03-30 1:04 pm By Cat Fredenburgh

The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.

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Rinehart family ordered into mediation in long-running feud over $4B trust
Charles Colquhoun 2020-03-25 4:46 pm By Miklos Bolza

A judge has ordered the Rinehart family to enter mediation in their feud over a $4 billion trust, saying it was “overwhelmingly in the interests of the administration of justice” to seek an end to the long-running and bitter dispute.

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ACCC strikes out again, loses misuse of market power case against Ramsay Health
ACCC 2020-03-12 5:38 pm By Miklos Bolza

A court has tossed a case by the ACCC against Ramsay Health Care claiming that the global hospital group misused its market power by pressuring a group of doctors who planned to open their own day clinic.

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Canberra property developers suffer partial loss in GST class actions
Alastair Vincent 2020-01-08 4:59 pm By Miklos Bolza

The property developers behind two Canberra apartment complexes have been dealt a partial loss in two class actions against them, with a judge finding the developers misled the lead applicants about the GST payable on their units but that only some of them were entitled to compensation or restitution.

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Facing Deloitte cross-claims, Dick Smith execs drag other directors into class action
Alan Shearer 2019-10-03 10:22 pm By Cat Fredenburgh

Former Dick Smith executives Nick Abboud and Michael Potts have pointed the finger at the defunct electronics retailer’s other directors in response to cross claims by auditor Deloitte, which is named in two shareholder class actions over the company’s collapse.

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ACCC ‘contaminated’ key evidence in ANZ criminal cartel investigation, court hears
Allens 2019-09-27 8:18 pm By Miklos Bolza

An investigation by the Australian Competition and Consumer Commission has come under fire by the banks and directors targeted in a criminal case over alleged cartel conduct that claim the regulator “contaminated” key evidence and improperly used material supplied by ASIC.

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