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Law firm investigating class action against Nuix over IPO
ASIC 2021-05-19 10:49 pm By Cat Fredenburgh

Phi Finney McDonald is investigating a class action against technology company Nuix over its $2.5 billion float, following troubling reports about the Macquarie-backed company’s pre-IPO […]

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Peloton’s US$420M acquisition of Precor violated ‘spinning’ licence, court told
Intellectual Property 2021-05-19 1:28 pm By Cat Fredenburgh

California-based fitness company Mad Dogg has accused Peloton Interactive of inducing breach of a non-compete through its $US420 million acquisition of commercial gym equipment manufacturer […]

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Class action barristers elevated to Victoria Supreme Court
Courts 2021-05-18 11:08 pm By Cat Fredenburgh

The lead counsel in class actions against AMP and Vocation and a silk who worked on the landmark Black Saturday bushfire class actions are the […]

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Kia faces class action investigation into recalled cars
Class Actions 2021-05-18 8:53 pm By Cat Fredenburgh

Kia Motors is facing an investigation into a possible class action on behalf of car owners whose vehicles were recalled due to the risk that […]

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FWC rules Deliveroo driver was employee, not independent contractor
Employment 2021-05-18 2:30 pm By Cat Fredenburgh

In a victory for gig economy workers, the Fair Work Commission has found that a Deliveroo driver who was sacked for not working fast enough […]

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Rex hit with $66,000 penalty for failing to disclose domestic launch plans
ASIC 2021-05-18 12:28 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has fined Regional Express Holdings $66,000 after finding there were reasonable grounds to believe the airline violated it continuous […]

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Ex-CFO sentenced to jail time for market manipulation
White Collar 2021-05-18 8:57 am By Cat Fredenburgh

The former chief financial officer of delisted Traditional Therapy Clinics has been sentenced to one year and ten months in prison after pleading guilty to […]

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EY resigns as Omni Bridgway auditor over class action conflict
Class Actions 2021-05-17 7:15 pm By Cat Fredenburgh

Ernst & Young has resigned from its role as Omni Bridgeway’s long-time auditor after determining a class action against it that’s being backed by the […]

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Worrells partner wins costs from ASIC for incoherent pleading
Restructuring & Insolvency 2021-05-14 3:22 pm By Cat Fredenburgh

A Worrells liquidator facing ASIC proceedings seeking to have his registration cancelled has won costs from the regulator after a judge found he was entitled […]

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ASIC bans former Theta director over defective product disclosures
Financial Services 2021-05-14 2:25 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has banned the former managing director of collapsed financial services provider Theta Asset Management from providing financial services for […]

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