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Showing 1 - 10 of 27 results for "Federal Court"

Investors dismiss US federal court case

ROSE MARY PETRASS  |  THURSDAY, 5 DEC 2024  |  NEWS
... US states, calling accusations they violated antitrust laws "baseless". Texas Attorney General Ken Paxton filed a Federal Court case claiming the firms "conspired to artificially constrict the market for coal through anticompetitive trade practices". ...

Australia leads in greenwashing lawsuits

ROSE MARY PETRASS  |  MONDAY, 28 OCT 2024  |  NEWS
Santos is in federal court this week over greenwashing allegations in the first court case in the world to challenge the legitimacy of a company's net zero emissions plan. This comes as the nonprofit Climate Integrity has made a complaint with the Australian ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024  |  NEWS
... fine after being found guilty of greenwashing earlier this year. It marks the largest penalty ever imposed by the Federal Court for such conduct. In March, the Federal Court found Vanguard misled investors via claims it made about ESG screens applied ...

Regulator hones in on greenwash as climate laws tighten

ROSE MARY PETRASS  |  MONDAY, 26 AUG 2024  |  NEWS
... commissioner Kate O'Rourke. The regulator has taken action 47 times between April 2023 and June 2024, including two Federal Court cases and over $123,000 in fines. This comes as the Senate passed mandatory climate reporting last week - which the market ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  TUESDAY, 6 AUG 2024  |  NEWS
Mercer Superannuation Australia has been slapped with a whopping $11.3 million penalty by the Federal Court on the back of an ASIC-led greenwashing investigation. Mercer was found to make misleading statements on its website about seven Sustainable ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024  |  NEWS
... only associate "gambling related social ills" with poker machines, casinos, and online sports betting agencies. In Federal Court, Justice O'Callaghan disagreed, saying that an average person would consider running lotteries to be gambling as a "matter ...

Unclear rules pose investment risk

ROSE MARY PETRASS  |  THURSDAY, 23 MAY 2024  |  NEWS
... consider the environmental impacts of emissions when approving coal and gas projects. The decision is the result of a Federal Court review of the 'living wonders' case last week. This incoherence breeds various forms of uncertainty, both for ...

ASIC wins greenwashing case against Vanguard

JAMIE WILLIAMSON  |  THURSDAY, 28 MAR 2024  |  NEWS
The Federal Court determined Vanguard misled investors via claims it made about certain ESG screens it applied to its Ethically Conscious Global Aggregate Bond Index Fund. On March 8, the indexing giant admitted to "engaging in conduct that was liable ...

Defunct fund pays greenwashing fine

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 FEB 2024  |  NEWS
... Northern Trust Asset Management. ASIC currently has three greenwashing-related civil penalty actions before the Federal Court - Vanguard Investments Australia and Active Super, while a tentative agreement has been reached with Mercer Super for civil ...

Australian Unity to assist as trustees in compensation deal

RACHEL ALEMBAKIS  |  THURSDAY, 22 FEB 2024  |  NEWS
... wrongfully imprisoned as children by the federal government between 2008 and 2012," the company said. It follows the Federal Court last month approving settlement terms in relation to a landmark class action brought against the federal government by ...
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