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In a major win for two class actions and Fortnite maker Epic Games, a judge has found that Apple and Google misused their market power in running app stores and in-app purchase systems.
Court approves 35% GCO in WiseTech class action
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A judge has approved a 35 per cent group costs order in a shareholder class action against WiseTech, but said the relatively high rate could be revisited by the court at a later stage in the case.
Ex-PwC partner banned for alleged false statements that caused $11M tax shortfall
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The Tax Practitioners Board has banned former PwC partner Richard Gregg for four years after finding he made false or misleading statements concerning research and development tax incentives, resulting in a tax shortfall of $11 million and $800,000 in fines for his clients.
Investment manager pleads guilty to insider trading of Platinum shares
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Sydney investment manager Rodney Forrest has pleaded guilty to two counts of insider trading in relation to the trading of $2.6 million in shares of funds manager Platinum Asset Management while in position of inside information about a takeover offer.
Payday lender directors ask High Court to clarify accessorial liability
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The directors of payday lenders Cigno and BSF have filed for special leave to appeal a decision that found them liable for unlicensed credit activity, saying the case raises fundamental questions about the scope of accessorial liability.
High Court to weigh reversal of exemplary damages for youth gassed in NT detention
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The High Court has agree to weigh in on whether an appeals court erred in overturning $200,000 in exemplary damages awarded to each of four children gassed at Don Dale detention centre in the Northern Territory.
Rent-to-own business cops $7.4M penalty for breaches of Credit Act
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A rental company providing long-term leases for household items has been slugged with a $7.4 million penalty after a court found its loan agreements did not comply with credit laws.
Murray Darling class action a ‘world away’ from failed climate change case, court told
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On the first day of trial, a court has heard a class action over alleged negligent management of water flowing through the Murray Darling system is a “world away” from a climate change class action that recently failed at trial.
Ex-EY partner accused of promoting tax loss scheme says ATO ‘overreached’
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A former EY partner accused of promoting a tax loss scheme has hit back at the ATO’s case on the first day of trial, saying he gave objective advice and the case is an overreach.
IVF provider Genea faces class action investigation over data breach
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Fertility services provider Genea is facing a class action investigation over a data breach that led to sensitive patient information being published on the dark web.