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The competition regulator has cast doubt on the public interest argument for the proposed $4.9 billion ANZ, Suncorp tie-up, saying Tuesday the nature, likelihood and extent of the touted benefits had not been substantiated.
Prosecutors have dropped its fraud case against the former chief financial officer of a unit of collapsed Gold Coast finance company Octaviar Investments, citing his poor health.
Prime Minister Anthony Albanese has derided former Attorney-General Christian Porter for reportedly leading Clive Palmer’s $300 billion arbitration claim against the federal government.
Downer EDI is facing a possible shareholder class action after the construction giant revealed accounting irregularities had caused it to overstate its revenue by as much as $40 million.
Tesla Motors Australia former director Kurt Schlosser has been given a suspended sentence for trading in shares of a lithium supplier based on insider information.
Shareholders have brought a class action in Australia against New Zealand-based Fletcher Building, alleging the company failed to disclose material information relating to its construction division.
Lawyerly's Litigation Law Firms of 2022 racked up precedent-setting victories in a year that continued to see major developments in class action law.
Department store David Jones and men's fashion label Politix have admitted underpaying more than 7,000 employees and will back-pay the workers $4 million in wages and superannuation.
Clive Palmer's Waratah Coal has abandoned a challenge to a ruling that ended its plan for a coalmine in central Queensland on the grounds that the project would contribute to “foreseeable and preventable life terminating harm".
A second class action has been brought against Jaguar Land Rover over alleged defective diesel filters in its vehicles, and the law firms running the two cases have been given until the end of the month to reach a deal to avoid a court showdown.