ANZ has reached an in-principle settlement in two class actions alleging it breached its responsible lending obligations by providing loans to purchasers of 7-Eleven franchises that were not financially viable.
Liquidators of failed Centaur Litigation have reached a settlement in their lawsuit against the accountant of fraudster Scott Williams, who was accused of lying to hide his knowledge of a Ponzi scheme that misappropriated $32 million and led to the collapse of the funder.
The ACCC will announce in May whether it will approve the proposed $15 billion merger of telco giants TPG and Vodafone Hutchison Australia, after the parties’ failure to comply with requests for information caused the regulator to suspend its timeline last month.
A Sydney community group has lost a last-minute challenge to the demolition of Allianz Stadium, with the Court of Appeal throwing the case out in a unanimous decision.
The judge overseeing the marathon Queensland floods class action has shot down a request by the defendants to submit new expert flood modeling reports, saying the “sophisticated litigants” would have to live with their earlier decision to pass on the chance to submit evidence in response to new reports by the plaintiff’s expert.
The NSW Land and Environment Court has shot down attempts to further delay demolition work as part of the $729 million redevelopment of Sydney’s Allianz Stadium.
Australian automotive electronics developer Directed Electronics OE has won access to documents seized from rivals it claims misappropriated its confidential information and infringed its copyright to gain $3.6 million in secret commissions.
KPMG has snagged heavy-hitters from Norton Rose Fulbright, Clayton Utz and Herbert Smith Freehills for its growing legal services team, adding strength to its financial services regulation, technology and telecom transactions, and government offerings.
The Australian Competition and Consumer Commission has suspended its timeline for announcing whether it will bless the proposed $15 billion merger of telco giants TPG and Vodafone Hutchison Australia, saying the parties have still not complied with its requests for information.
Construction giant Lendlease has been temporarily restrained from beginning major demolition work for the Allianz Stadium redevelopment in Sydney until a judge rules on two legal challenges to the $729 million project.