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Judge concedes he had no power to jail tour operator for 12 months
Courts 2021-11-08 2:31 pm By Christine Caulfield Melbourne

A judge has admitted in a $2 million false imprisonment lawsuit against him that he had no power to sentence the owner of a Cairns tour company to 12 months in jail for contempt of court.

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ACCC’s witness statement method ‘quite unfair’, says judge hearing cartel case
ACCC 2021-11-05 9:45 pm By Christine Caulfield Melbourne

The ACCC’s practice of successively refining witness statements without saving draft versions was “quite unfair”, says a judge overseeing the competition regulator’s criminal cartel case over a botched ANZ share placement.

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ACCC let JPMorgan lawyers review witness statement in cartel probe, court told
Ann Bonnor 2021-11-04 10:42 pm By Christine Caulfield Melbourne

Lawyers for JPMorgan went to the ACCC’s office to review a draft statement of the investment bank’s then managing director Jeffrey Herbert-Smith, an immunity witness for the competition regulator in its troubled criminal cartel case over an ANZ share placement, a court has heard.

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JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
ACCC 2021-11-03 9:23 pm By Miklos Bolza Sydney

JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.

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Judge slams indictment in cartel case as ‘complete shemozzle’
ACCC 2021-11-03 3:41 pm By Miklos Bolza Sydney

A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.

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Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
ACCC 2021-10-29 9:27 pm By Christine Caulfield Melbourne

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.

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ACCC officers face pre-trial grilling in ANZ cartel case as judge questions need for committal
Allens 2021-10-12 11:24 pm By Christine Caulfield Melbourne

Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ’s $2.5 billion capital raising six years ago.

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ANZ wins access to JPMorgan settlement chats in cartel case
ACCC 2021-10-11 2:49 pm By Miklos Bolza Sydney

A judge overseeing a cartel case over a $2.5 billion ANZ share placement has granted ANZ’s bid for unredacted documents which the bank says will support its claims that the case should be permanently stayed because of improper dealings between whistleblower JPMorgan, ASIC and the ACCC.

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‘Hundreds of lawyers’ could overwhelm combustible cladding class action, court told
Amelia Smith 2021-10-06 2:05 pm By Bianca Hrovat Sydney

“Hundreds of lawyers” could overwhelm Microsoft Teams if German cladding manufacturer 3A Composites continues adding cross-claimants in a class action over highly flammable building materials, a court has heard.

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Judge’s patience for ‘flipping and flopping’ prosecutors in ANZ cartel case wearing thin
Allens 2021-09-16 8:47 pm By Cindy Cameronne Sydney

A judge has questioned whether he should allow prosecutors to amend charges against ANZ and its treasurer in a criminal cartel case over a $2.5 billion share placement after the bank argued the charges were defective and should be quashed.

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