Class Actions
Macquarie hit with second class action by investors in Shield fund
Investment manager Macquarie has been hit with a second class action by investors who sank over $320 million of their superannuation into Keystone's collapsed Shield Master Fund.
KPMG
KPMG’s approach to whistleblower claims ‘overly legalistic’: report
KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
Class Actions
Torrens University faces landmark class action by casual academics
US-owned Torrens University is accused of systematically underpaying casual academics who have worked across its Australian campuses, in the first major underpayments class action against a private university.
Energy & Natural Resources
AER appeals to High Court after AGL wins return of $25M penalty
The Australian Energy Regulator has brought a High Court challenge to orders that it return a $25 million penalty paid by power company AGL for overcharging hundreds of customers receiving Centrelink payments.
Class Actions
Boral class action sent to mediation before ex-Chief Justice
A securities class action against Boral will go mediation before the former Chief Justice of the Federal Court early next year, with a judge saying the High Court will likely hand down its much-anticipated judgment in the CBA class action before then.
Business of Law
Top judge says AI to keep lawyers busy for foreseeable future
NSW Supreme Court Chief Justice Andrew Bell has warned that AI creates new risks and liabilities for companies that will have to be sorted out in the courts as the government adopts a 'technology neutral' approach to regulation.
Competition & Consumer Protection
Apple sued for kicking bookmaker Playwest off App Store
Western Australia-based wagering company Playwest has sued Apple after its app was removed from the App Store without notice over alleged fraud concerns.
Intellectual Property
OpenAI calls for ‘balanced’ approach to copyright
ChatGPT owner OpenAI has called on the Albanese government to adopt a "balanced" approach to copyright that would allow AI to learn from publicly available information and collaborate with copyright owners.
Competition & Consumer Protection
ACCC knocks Coles’ ‘predatory’ competition test for Kalgoorlie deal
The ACCC has hit back at Coles’ challenge to the regulator’s rejection of its Kalgoorlie, WA land acquisition, slamming as too narrow the competition test advanced by the supermarket giant.
Business of Law
Solicitor’s lien covers costs of enforcing unpaid legal fees: court
Settling a split in authorities from the 19th century, an appeals court has found that a solicitor’s lien applies over all money held in a client’s trust account and covers the costs of enforcing unpaid legal fees, not just the bill itself.
