Financial Services
Flex commissions class action against ANZ settles for $85M
A class action against ANZ over alleged predatory lending practices has settled for $85 million, while two related cases against Westpac and Macquarie are set to go to trial this month.
Intellectual Property
Fortescue scores win against start-up accused of ‘industrial scale’ misuse
Fortescue has defeated a bid by its former CFO’s green iron start-up to set aside search orders that were said to have been secured “off the back of egregious material non-disclosure”.
Appeals
Class action adversaries on same side in High Court’s class closure case
The applicants in a class action against Lendlease have found common ground with the construction giant in High Court submissions, both arguing for power to make class closure orders.
Tax
Ex-EY partner accused of taking $700K in secret commissions won’t ‘show hand’
A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a client’s suit.
Cryptocurrency
Trial against Blockchain Global deferred to allow CEO to be joined
A lawsuit by former Blockchain Global employees against the defunct cryptocurrency exchange has been stalled to allow CEO Sam Lee to be joined to the case.
Social Media
X loses challenge to notice from e-Safety Commissioner
A judge has thrown out X’s challenge to a compliance notice issued by the eSafety Commissioner to its corporate predecessor Twitter over child sexual abuse monitoring on its platform.
White Collar
Court dismisses charges against former Macquarie adviser
A criminal case against a former financial adviser from Macquarie accused of trading in derivatives without a client's authority has been dismissed.
Class Actions
Coles, Woolworths face class action investigation over discount claims
Coles and Woolworths may be hit with class actions for allegedly misleading customers with false discounts.
Class Actions
‘8 words in an email’: Boral slams ruling clearing class action to grill CEO
Boral has asked the Full Court to hear its appeal of a decision allowing its former CEO to be questioned about an email that mentioned a confidential EY report.
Settlement
ANZ, OnePath to pay $50M in super class action settlement
Big Four bank ANZ and superannuation trustee OnePath will pay $50 million to settle a class action brought on behalf of super members allegedly charged excessive fees.
