Class Actions
NULIS class action loses appeal over $165M in alleged conflicted remuneration
Former NAB super fund trustee NULIS Nominees was able to charge $165 million in fees for paying adviser commissions after conflicted remuneration was banned in 2016, an appeals court has ruled.
Employment
Rebel Sport owner hit with underpayments class action
Rebel Sport owner Super Retail Group has been hit with a class action for allegedly underpaying staff at its stores since 2019.
Securities
ASIC challenges loss in case over $1.7B Nuix IPO prospectus
ASIC is appealing the dismissal of its case against software company Nuix over representations in a prospectus for its $1.7 billion float, saying it was concerned the court got it wrong.
ASIC
ASIC sues Equity Trustees over $65M invested in First Guardian fund
The corporate regulator has filed proceedings alleging superannuation trustee Equity Trustees failed to act in members' best interests by allowing them to sink $65 million into Falcon Capital's First Guardian Master Fund.
Class Actions
Harvey Norman class action firm wins 30% contingency fee
The law firm running a class action against Harvey Norman has won a 30 per cent group costs order, with a judge noting the trend towards “gradual increases” in contingency fee rates.
Intellectual Property
After High Court loss, Zip reaches deal with Firstmac to acquire TM
Zip Co has reached an agreement to acquire the 'Zip' trade mark from non-bank lender Firstmac, after the High Court rejected its honest concurrent use defence last week.
Defamation
Ex-JLL execs resolve defamation suits against The Australian publisher
Two former JLL executives have resolved defamation proceedings against the publisher of The Australian over articles that claimed they went to strip clubs and sent lewd messages to an in-house WhatsApp group.
Class Actions
Strip search class action stuck in fight with NSW over damages
Months after its applicant was awarded $93,000 in damages for an "egregious" strip search at a music festival, a class action is locked in a new battle over the assessment of group member damages, accusing NSW of trying to relitigate the case.
Trials
ASIC wraps up disclosure breach case against Rex without calling CEO
ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.
Privacy & Cybersecurity
X Corp agrees to pay $750K for contravening Online Safety Act
Elon Musk’s X Corp has been ordered to pay $750,000 after admitting it failed to give the eSafety Commissioner information about measures it has taken to crack down on child exploitation on its platform.
