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Bellamy’s to pay $49.7M to settle shareholder class actions
Infant food maker Bellamy's has agreed to pay $49.7 million to settle two shareholder class actions alleging the company misled investors in 2016 about its China growth strategy and declining infant formula market share in Australia.
Israel Folau ups damages claim against Rugby Australia to $14M
Former Wallabies player Israel Folau, who was sacked over homophobic social media posts, has increased the damages he is seeking in his unfair dismissal case against Rugby Australia, calling for $14 million in compensation as "Australia's best player".
Struggling tech firm Irexchange accused of misleading shareholders in new suit
Troubled retail technology firm Irexchange is accused of misleading shareholders through three different capital raising offers, according to a new Federal Court case brought by investors who sunk over $4.5 million into the company.
‘We will work on that’: Sexual harassment suit says ex-councillor persisted with advances despite complaint
A local businessman and former local council member behind a dramatic change in Victoria's trading hour laws has been sued for sexual harassment by a former employee who alleges he continued to contact her even after she expressed discomfort with him trying to touch her, allegedly telling her "we will work on that".
Dentons defends Afterpay money laundering advice
Dentons is standing by the legal advice it gave to Afterpay regarding its compliance with anti-money laundering laws, after an independent auditor found the buy now, pay later company received "incorrect" advice from top-tier Australian law firms.
ASIC dodges $10M defamation suit as judge points finger at traders
ASIC has successfully defended a $10 million defamation case brought by a Canadian trader, with a judge finding any loss experienced was due to his firm's traders manipulating the market.
Westpac responds to class action, says members benefited from ‘high’ super fees
Two Westpac units have defended their choice to charge higher superannuation fees, saying in their responses to a Slater and Gordon class action that customers received numerous positive benefits in exchange for the charges.
Big riffin: Jay-Z sues Aussie co over play on ’99 Problems’ hook
International hip-hop superstar Jay-Z has sued an Australian children's book manufacturer for "flagrant, glaring and contumelious" intellectual property infringement with its 'AB to Jay-Z' baby books.
Westpac CEO steps down following AUSTRAC lawsuit
Westpac CEO Brian Hartzer has stepped down after admitting he was "ultimately accountable" for failures detailed in an AUSTRAC lawsuit alleging over 23 million breaches of anti-money laundering and counter-terrorism financing laws.
‘Pride and obstinacy’: Judge says Leyonhjelm got ‘locked’ into false claim, awards Hanson-Young $120,000
Greens Senator Sarah Hanson-Young has been awarded $120,000 in damages after suing former senator David Leyonhjelm, with a judge finding there was no justification for defamatory commments he made to the media and that he acted with malice.