Appeals
Class action firm loses appeal of slashed payout from $87M Hino settlement
An appeals court has tossed Maurice Blackburn’s challenge to a judge’s decision to cut its share of an $87 million settlement in a class action against Hino by $10 million.
Competition & Consumer Protection
Coles can’t file new evidence on ACCC’s ‘novel’ harm theory
Coles can't file more expert evidence in its fight over the ACCC's rejection of its purchase of a leasehold interest in a Kalgoorlie site, with a tribunal finding the supermarket had a chance to respond to the ACCC's "novel" harm theory.
Class Actions
Playtika wants stay of plaintiff’s claims in games class action
Mobile gaming company Playtika wants to stay the lead plaintiff’s claims in a novel class action alleging its online social casino games run afoul of interactive gambling laws, citing an arbitration clause in its terms and conditions.
Class Actions
Fitch Ratings loses bid for class action insurer’s financial info
Credit ratings agency Fitch has lost its bid for financial information about three Lloyd’s insurance syndicates which are providing after-the-event coverage in a class action over synthetic collateralised debt obligations.
Competition & Consumer Protection
AFL may be pulled into footy card misuse of market power case
The AFL might be dragged into a competition case by trading card company Select Cards accusing memorabilia maker SEP of misuse of market power, a court has heard.
Contracts
Women’s fitness app launches suit against software firm PixelForce
Global fitness app Traininpink has taken Adelaide-based PixelForce Systems and its founder to court, alleging the software firm overcharged for defective development work that exposed the app to cyber security threats.
AI
OpenAi agent breached Medicare data portal, Albanese says
Prime Minister Anthony Albanese on Thursday said an OpenAI agent hacked into Medicare's statistics reporting portal and accessed non public files in June but the company failed to notify the givernment until this month.
Financial Services
Trial set in White Oak’s Greensill case, as IAG firms up Credit Suisse pact
A judge has set down the start of trial in Greensill investor White Oak's case against Insurance Australia Group, as the insurer finalises its settlement with Credit Suisse and UBS over the collapse of the supply chain funder.
Securities
ASIC boosts trading safeguards, warns of ‘potentially manipulative’ AI
The Australian Securities and Investments Commission says it will make changes aimed at strengthening safeguards for automated and AI-enabled trading, warning AI technology could behave in unpredictable ways.
Class Actions
Judge calls out Star’s lawyers in fight with class action over $6.5M security
Slater & Gordon has avoided calls for $6.5 million in security in its class action against Star Entertainment, with a judge saying the evidence fell well short of establishing a risk the firm could not foot the bill if it loses.
