Centro Retail Australia, formed from a mall manager’s reorganization, and PricewaterhouseCoopers agreed in principle to a settlement of A$200 million ($202) million with Centro shareholders who claimed they were misled.
National Australia Bank Ltd. will be sued by shareholders who lost money because of the bank’s exposure to U.S. subprime debt, Maurice Blackburn, an Australian class-action law firm, said in an e-mailed statement.
Australia & New Zealand Banking Group Ltd. illegally charged customers for making late credit card payments, a judge said in the first ruling of its kind in Australia with lawsuits against other banks set to follow.
Manhattan District Attorney Cyrus Vance Jr. must complete key elements of his investigation before he can decide whether to drop the prosecution of Dominique Strauss-Kahn because of lies told by the maid who accused him of sexual assault.
Brookfield Multiplex Group’s A$110 million ($97 million) settlement with about 120 individual and institutional investors, who claimed they lost money because the company failed to disclose losses at London’s Wembley Stadium, was approved by the Federal Court of Australia.
Commonwealth Financial Planning, the investment adviser owned by Commonwealth Bank of Australia , gave bad advice that cost its clients millions of dollars, Maurice Blackburn Lawyers claimed in a lawsuit.