AMP and a number of its financial planning subsidiaries could face 1.2 million individual claims if they win a bid to declass a group proceeding over allegedly excessive insurance premiums, a judge has said.
Two shareholders of failed steel giant Arrium have told the High Court that granting their bid to grill former directors of the company would not be an abuse of process because it was in the public interest to “expose” the management of the defunct business.
IOOF unit RI Advice has lost its bid to strike out ASIC’s novel case claiming it failed to protect its clients against cybersecurity risks, but a judge has chastised the regulator for causing “needless confusion” and “wasted time”.
Defence minister Peter Dutton has given evidence of his “hurt” at trial in a defamation case over a tweet accusing him of being a rape apologist, while the judge presiding over the hearing has warned lawyers for the tweeter to act as solicitors not “supporters”.
A Sydney solicitor accused of stealing over $130,000 from a client and doctoring five invoices has lost a bid to pause the NSW Law Society’s suspension of her certificate after a judge found there was a “very significant” risk of harm to the public if she continued to practice.
A judge has told a Colonial First State Investments unit to provide information about its financial position to the lead applicant in a class action and criticised the company for failing to disclose that it had transferred its liabilities after the class action was launched.
The Australian Taxation Office has won an urgent bid to freeze the assets of James Raptis and 11 associated entities, after accusing the Queensland property developer of dodging $109.5 million in taxes since 2000.
In a victory for Tradie briefs manufacturer Sojo, a delegate has shot down clothing start-up Rebel Power’s bid to trade mark the words ‘shit hot tradie’.
Financial services provider AMP has hit back at ASIC’s civil penalty action alleging it charged super members fees for no service, saying it was not involved in its licensees’ contraventions.
Former SAS soldier Ben Roberts-Smith is fighting to shield medical records Fairfax says should be made public to “safeguard open justice”, as trial in his defamation case against the publisher faces further delay due to COVID-19 border restrictions.