Yesterday
Superloop directors wanted ‘firm response’ to Aussie Broadband breach
Superloop’s board discussed whether Aussie Broadband was “aware” it would breach Singaporean rules when it attempted a takeover earlier this year.
- Jenny Wiggins
This Month
Santos demands lawyers pay costs in failed anti-gas-project case
The EDO’s conduct was “so far on the wrong side of the acceptable line” it should have to foot the company’s legal bill, Santos argues.
- Hannah Wootton
Hunter Biden found guilty of lying in gun trial
Joe Biden’s son was found to have lied about his drug use to illegally buy a gun, making him the first child of a sitting US president to be convicted of a crime.
- Updated
- Tom Hals and Jack Queen
BPay wants ‘misleading’ crypto exchange to be taken down
The payments giant is pushing to take down a little-known cryptocurrency exchange that it says has infringed on its trademarks and misled consumers.
- Lucas Baird
The banks holding the most money in Singapore’s $3.4b laundering scandal
The last of those arrested for their involvement in Singapore’s biggest laundering case have pleaded guilty, paving the way for the next steps in the scandal.
- Low De Wei and Bernadette Toh
UK tech tycoon Lynch cleared of HP fraud charges in $16.5b deal
Entrepreneur Mike Lynch had been extradited to the United States to face a criminal trial over the sale to HP in 2011, ending a mammoth legal saga.
- Updated
- Rachel Graf
‘Ethical’ fund’s excuse for gambling, coal stakes unbelievable: judge
Active Super was found to have engaged in greenwashing, investing in companies such as Whitehaven Coal and SkyCity despite promising not to.
- Hannah Wootton
‘EY have modelled it’: Emails reveal advice that cost client $50m
In 2014, Billabong founder Gordon Merchant wanted to sell his bioplastics business. He also wanted to make sure he didn’t pay much tax. Now the advice he took from EY has led to a $50m tax bill.
- Max Mason
- Exclusive
- Insolvency
Doctor told everything fine weeks before service provider collapsed
The founder of collapsed medical telehealth and legal advisory service provider eReports claimed his business would be trading for “many years to come”.
- Max Mason
May
- Exclusive
- Westpac Banking Corporation
Westpac sues insurers over $1.3b AUSTRAC penalty
AFR Weekend understands that the bank believes it is eligible to claim $400 million from its insurers over the AUSTRAC fine.
- Lucas Baird
Optus loses appeal to keep Deloitte report on cyberattack secret
The decision means information in a report commissioned by Optus into the causes of its 2022 cyberattack will be given to a class action law firm.
- Jenny Wiggins
ANZ pushes to reverse fine for $2.5b cap raising blunder
The Federal Court ultimately levelled a $900,000 fine against the financial institution for not informing investors about the shortfall.
- Lucas Baird
No more ‘go-away’ money as companies take class actions to court
Corporate Australia will no longer pay “go-away” money to avoid shareholder class actions after plaintiff firms lost five major cases in a row, a trend lawyers said would encourage more boards to fight cases in the courts.
- Michael Pelly
Assange wins right to appeal extradition to US
It could be many months until the appeal is heard, and then that decision could be taken to the UK Supreme Court.
- Updated
- Michael Holden and Sam Tobin
Transurban network operator claims he was fired for whistle-blowing
The former employee has alleged in court that he was dismissed after blowing the whistle on coercion, manipulation of company records and raising safety issues on toll roads.
- Jenny Wiggins
Optus denies ‘cloaking’ Deloitte report on 2022 cyberattack
A press release published after Optus’s 2022 cyberattack had legal purposes, even though they were never mentioned, Optus has argued in a court appeal.
- Jenny Wiggins
Judge chides critics who want to ‘regulate class actions out of existence’
The newest member of the High Court, Justice Robert Beech-Jones, also gave qualified support to competition between courts.
- Michael Pelly
Care A2 Plus lender applies to wind up baby formula minnow
Care A2 Plus faces the prospect of being wound up due to a long-running dispute with a lender who alleged the infant formula manufacturer defaulted on a $2.2 million loan.
- Max Mason and Carrie LaFrenz
CFMEU in ‘open defiance’ of the law: judges
Federal Court judges said the CFMEU “simply regards itself as free to disobey the law” and 25 years of fines have done nothing to stop it.
- David Marin-Guzman
Most FTX customers to get all their money back after catastrophic collapse
The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.
- Michelle Chapman
