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Joseph David Emerson, left, in Multnomah County Circuit Court on Tuesday.

Off-duty pilot who tried to cut engines mid-flight ‘took mushrooms’

State prosecutors in Oregon have filed 83 counts of attempted murder against Alaska Airlines employee Joseph David Emerson.

  • Claire Rush
Neil Phillips, left, co-founder and chief investment officer at Glen Point Capital, arrives at court in New York on Tuesday.

Glen Point Capital’s Neil Phillips found guilty of FX fraud

The former hedge fund executive faces a maximum of 10 years in prison but will have to wait until March 14 to hear his sentence.

  • Chris Dolmetsch, Carter Johnson and Greg Farrell

This Month

Greensill Capital

IAG to be hit with more Greensill-related insurance claims

US financier White Oak will allege that the insurers became aware in early-to-mid 2020 that there was, or might be, a problem with some policies.

  • Jenny Wiggins and Liam Walsh
Sam Bankman-Fried, co-founder of FTX, arrives at court in New York. Scandals have taken some shine off cryptocurrencies.

How SBF ‘spent billions’ in customer funds before FTX collapse

Court documents show Sam Bankman-Fried and his associates spent voraciously on investments, donations and real estate even in the crypto exchange’s final months.

  • Yueqi Yang
Convera rejects allegations that one of its executives bullied a former employee.

FX firm Convera says bullying claim ‘vague, misdirected’

Convera argued the allegations reflected ‘grievances on the part of the applicant that are variously vague, misdirected and irrelevant’.

  • Lucas Baird
 Justice Robert Beech Jones speak at his farewell to the NSw Supreme Court, with Chief Justice Andrew Bell on his right

That’s a rap: raucous send-off for new High Court judge

Robert Beech-Jones once left fellow judges “awestruck” with a Christmas Party rap, and he admits not being the best writer in the family.

  • Michael Pelly
Neil Phillips.

Morgan Stanley FX head testifies bank restricts barrier trades

The investment bank does not permit spot trades intended to move the underlying rate or to trigger a barrier rate.

  • Chris Dolmetsch and Carter Johnson
Neil Phillips, left, co-founder and chief investment officer at Glen Point Capital, arrives at court in New York on Tuesday.

Glen Point trial reveals Morgan Stanley tried to buy back option

Morgan Stanley offered to buy back the option on December 18, 2017, starting at $US9 million. Three hours later, the bank said it was willing to pay $US13 million.

  • Chris Dolmetsch and Carter Johnson

‘It’s bad’: The 9.23pm moment ANZ’s $2.5b deal crumbled

Hedge funds screaming down the phone, 2.26am emails to the client, billions of dollars at risk and a late night “Oh, f---” moment. Justice Mark Moshinsky reveals what it was like inside ANZ’s deal room.

  • Updated
  • Anthony Macdonald
Neil Phillips, co-founder and chief investment officer at Glen Point Capital, arrives at court in New York on Monday.

Glen Point trial casts Morgan Stanley as hedge fund’s victim

The case against Phillips focuses on a frantic one-hour buying spree of the South African rand that began in the waning minutes of Christmas 2017.

  • Greg Farrell and Carter Johnson
Katta O’Donnell and the Commonwealth have settled the law student’s claim that it is obliged to disclose climate risk to sovereign bonds.

Government settles climate risk to bonds case, makes a key concession

To settle a case, Treasury recognised risks to the value of sovereign bonds from global warming, which a judge warned could be “a huge drain on Commonwealth resources”.

  • Hannah Wootton
Caroline Ellison, former CEO of Alameda Research, leaves the Manhattan federal court after giving evidence.

Ex-girlfriend says Bankman-Fried wanted to be US president

Former colleague Caroline Ellison also told a court that the FTX founder directed her to commit fraud before his cryptocurrency empire collapsed last November.

  • Ken Sweet and Larry Neumeister
Arun Maharaj was charged on Tuesday.

Former BBY chief charged

Each offence carries a maximum penalty of as much as 10 years imprisonment for Arunesh Narain Maharaj.

  • Lucas Baird
The collapse of Lex Greensill’s eponymous finance firm has set off a series of lawsuits.

‘Serious problems were afoot’ at Greensill’s Australian insurer

Marsh McLennan breached its own code of conduct by failing to warn White Oak of issues with Greensill’s Australian insurer, courts have been told.

  • Jenny Wiggins and Liam Walsh
Santos is facing opposition to several fossil fuel projects, including its Barossa gas project in the Timor Sea.

Santos to provide assumptions for net zero in greenwashing case

The oil and gas producer has been asked to provide sworn statements by November 24 on the assumptions behind its emissions targets as part of a greenwashing case.

  • Angela Macdonald-Smith

Ex-Trump staffer Scaramucci among possible SBF trial witnesses

He joins Joseph Bankman and brother Gabriel Bankman-Fried on a list of potential witnesses prosecutor Danielle Sassoon read in court during july selection.

  • Jody Godoy and Luc Cohen


Climate protesters outside Woodside’s AGM in April.

Indigenous win on Woodside’s Scarborough testing approvals

The Federal Court decision is the latest blow to the controversial $16.5 billion gas venture and may spell further trouble for other offshore project approvals.

  • Updated
  • Angela Macdonald-Smith
The lawsuits accused McKinsey of helping drugmakers including Purdue Pharma design deceptive marketing plans and boost sales of painkillers.

Consulting firm McKinsey to pay $362m in latest US opioid settlements

Hundreds of US local governments and school districts alleged it fuelled an epidemic of addiction through its work for bankrupt OxyContin maker Purdue Pharma.

  • Nate Raymond
Former US president Donald Trump committed fraud for years, a judge has ruled.

Trump defrauded banks, insurers while building real estate empire: judge

A judge has ruled the former president deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans.

  • Michael R. Sisak
Former NSW premier Gladys Berejiklian

‘Corrupt’ Berejiklian takes ICAC to court

Gladys Berejiklian says the ICAC neither had the authority nor the evidence to make findings of corruption against her.

  • Michael Pelly