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High Court declines to weigh in on insurance coverage for $6M class action settlement
The High Court has declined two insurers' request for review of a decision that left them on the hook for covering part of a $6 million class action settlement by Bank of Queensland.
Judge allows discovery for possible bushfire class action against Essential Energy
A law firm has won its case seeking preliminary discovery from Essential Energy to pursue a possible class action against the state-owned electricity infrastructure company over the 2018 Tathra bushfire in NSW.
ACCC wins power to compel information from Google, Facebook
The Federal Government has blessed the ACCC's request for an extended public inquiry into Google and Facebook as well as a separate probe into the tech giants' advertising practices, arming the regulator with the power to collect information on the companies' advertising and search algorithms.
Taco Bell to open in Victoria after settling Taco Bill lawsuit
A Mexican restaurant franchise has settled a dispute with Taco Bell that will allow the fast food giant to move ahead with plans to set up shop in Victoria.
In loss for Herbert Smith Freehills, court says self-represented law firms can’t recover costs
Herbert Smith Freehills cannot recover its costs for successfully representing itself in litigation with United Petroleum over the company's aborted initial public offering, with an appeals court finding the High Court's recent ruling eliminating the so-called Chorley exception for self-represented lawyers applies to law firms as well.
Rural Funds wins unprecedented case against activist short seller Bonitas
Australian agricultural fund manager Rural Funds Group has won its legal action alleging US short seller Bonitas Research engaged in misleading and deceptive conduct when it described the group's equity as "ultimately worthless" and sent its share price plummeting.
AMP to face class action over sale of ‘inflated’ insurance policies
AMP will face a class action alleging its financial representatives pushed AMP inflated insurance policies onto 100,000 customers despite knowing that better policies could be found through other providers.
VW appeals record $125M penalty over ‘dieselgate’ scandal
Volkswagen has appealed a record $125 million penalty handed down over its emissions cheating scandal by a judge who criticised a $75 million settlement agreement with the Australian Competition and Consumer Commission as "manifestly inadequate".
Banks have offered $750M in fees for no service refunds so far, ASIC says
Six of Australia's biggest financial services institutions have so far paid or offered $749.7 million in compensation to hundreds of thousands of customers who were provided with non compliant financial advice or charged fees for no service, but the refunds to date are just the tip of the iceberg.
Canadian trader seeks to revive $10M defamation case against ASIC
A Canadian trader is appealing a ruling that threw out his $10 million defamation case against the Australian Securities and Investments Commission over allegedly defamatory communications the regulator sent to major stockbrokers.