A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a “super deal” and Quinn Emanuel besting that with a funding arrangement to “shake up” the market.
The fraud case against Australian basketball great Shane Heal has been withdrawn after prosecutors’ could not get their US-based star witness to testify in time.
A Victorian Supreme Court judge has recused himself from proceedings over costs in a construction dispute, after vowing to send transcripts of the case to the state’s legal watchdog.
An environmental group fighting to protect the threatened greater glider has won a temporary injunction that bans state-owned forestry corporation VicForests from logging in select regions of the Victorian Central Highlands where the marsupial has been found.
The Federal Government’s $26 million cut to ASIC’s budget has been blasted by experts and the opposition for undermining the corporate regulator, already facing the heat of the Banking Royal Commission.
The Federal Government has promised $44.6 million over the next four years to establish a National Consumer Data Right that will enable consumers and small businesses to better protect their online data.
Law firm Quinn Emanuel has filed the first shareholder class action against AMP ahead of the beleaguered company’s annual general meeting on Thursday.
The ex-lover of Seven Network’s CEO Tim Worner was found in contempt of court on Wednesday after violating a gag order that barred her from speaking out about the affair and leaking company documents.
Commonwealth Bank has agreed to pay $25 million to settle claims by the securities regulator that it manipulated the bank bill swap rate.
Facing shareholder wrath in the wake of the Royal Commission’s damning revelations, AMP’s three female non-executive directors stepped down on Tuesday.