Financial Services
Judge OKs QSuper settlement, raps funder for ‘brazen and unjustified’ claim
A judge has approved a $67 million settlement in a class action against QSuper but has trimmed the payout for the litigation funder, criticising it for a "brazen and unjustified" deduction that was dropped during the hearing.
White Collar
Insider trader Rodney Forrest wins appeal of prison sentence
An appeals court has shaved nine months off ex-investment banker Rodney Forrest's prison sentence for insider trading, after he accessed confidential information from the computer of Platinum Asset Management's chairman about a takeover offer.
Employment
FWC says Sydney mum can WFH to take kids to school
The Fair Work Commission has found a Sydney mother of two can come into the office one day a fortnight and work from home the rest of the time so that she can drop her kids off at school.
Tony Bannon
Apple fights bid to expand App Store class action
Apple will bring a “full-bodied” opposition to a bid to expand a class action over the running of its App Store, after a judge found the tech company engaged in anti-competitive conduct in the app marketplace last year.
Class Actions
Doctor brings declassing bid in cosmetic surgery group action
Cosmetic surgeon Dr Daniel Lanzer wants to strip a case of class action status, arguing claims he and other doctors passed themselves off as plastic surgeons were not suitable for a group proceeding.
Business of Law
Former ATO deputy chief tax counsel joins Holding Redlich
Holding Redlich has bolstered its tax team by hiring the Australian Taxation Office's former deputy chief tax counsel.
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.
