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Technology company Nuix has been hit with a third shareholder class action over its troubled $1.8 billion float on the ASX, setting up what is likely to be the first beauty parade in the Supreme Court of Victoria since the state allowed class action lawyers to seek a cut of any settlement or judgment.
AMP has admitted to contraventions and will face a penalty in ASIC proceedings over fees-for-no-service conduct that allegedly led to upwards of $600,000 being unlawfully withdrawn from superannuation member accounts.
A class action settlement with Woolworths which "troubled" a Federal Court judge has been abandoned, with the lead applicants resuming their bid to intervene in a parallel proceeding brought by the Fair Work Ombudsman against the supermarket giant.
Clients of Linchpin Capital Group and subsidiary Endeavour Securities who were promised investments in a diversified loan portfolio were instead duped into funding Linchpin’s own business interests and lining its directors' pockets, a judge has heard as trial got underway in ASIC's case against three former Linchpin directors.
Mining giant Rio Tinto has been ordered to pay a $750,000 penalty in ASIC's case over a disclosure breach linked to its $5.8 billion purchase of a Mozambique coal mining company.
Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.
The ACCC will target businesses seeking to use COVID-related disruptions to global and domestic supply chains as “a veil for illegal conduct” the watchdog's outgoing chair has said in setting out the regulator’s priorities for 2022.
Directors have been warned by the corporate regulator to take an active role in the management of cyber risks or face enforcement action.
The Fair Work Ombudsman has commenced legal proceedings against the Sushi Bay group of restaurants and its owner for allegedly underpaying workers to the tune of $650,000.
Administrators for building giant ProBuild have won more time to examine its assets as they try to avoid the "nightmarish prospect" of costly delays to the company's projects.