The shareholder leading a class action against failed fund manager Blue Sky Alternative Investments has lost a bid for a split trial it accepted was novel, despite arguing the usual course for trials in securities cases was “misconceived”.
A judge wrongly cited as the author of an AI-hallucinated judgment has struck out at the AI-assisted statement of claim filed by a self-represented litigant in a defamation case, saying the use of generative AI to prepare pleadings is “a practice that must be stopped”.
IC Markets has prevailed in a fight with the applicant in a class action against the brokerage firm, which sought to personalise a notice to group members advising them of the case.
A judge has handed Knowmore Legal an early loss in a negligence case by a former client, finding the client was barred from bringing further sexual abuse claims by accepting an offer under the national redress scheme.
Phoslock Environmental Technologies, which has produced hundreds of thousands of documents to federal police as part of an investigation of the company’s China operations, must hand over the bundle to a class action.
Open4Sale Global’s directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled “a bunch of idiots” by the company’s boss.
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
The ACCC has accused four produce suppliers and three senior executives of fixing prices on vegetables supplied to discount grocery chain Aldi over a six-year period.
Uber wants the High Court to weigh in on its dispute with the NSW State Revenue Office over five years of payroll tax, after an appeals court found payments made to drivers were taxable.
Queensland is facing a class action investigation on behalf of detainees who were allegedly subjected to isolation, excessive force and other harmful conditions at five youth detention centres in the state.
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