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‘If you are going to be petty find a new job’: Emails show Fortrend, ex-advisor came to blows over expenses
Employment 2024-02-22 9:10 pm By Cat Fredenburgh

Two former Fortrend Securities advisors, who face litigation over their defection to a rival, have hit back with a lawsuit of their own alleging the brokerage’s CEO sent a string of angry emails in a dispute over who should foot the bill for client expenses.

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Tesla wins extension of ban against safety campaigner over whistleblower docs
Intellectual Property 2024-02-22 11:42 pm By Christine Caulfield

A judge has extended an injunction against a NSW man who published material on social media allegedly leaked by a former Tesla employee about its self-driving software, saying the electric vehicle giant had a case on its face against him.

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Judge slams Tesla’s ‘unrealistic’ bid for urgent arrest warrant over whistleblower docs
Intellectual Property 2024-01-19 4:25 pm By Cindy Cameronne

A judge has criticised Tesla’s bid for an urgent arrest warrant against a NSW man who allegedly published material leaked by a former employee about its self-driving software, saying the man needs the chance to properly respond to the electric car giant’s contempt of court claim. 

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Insurer seeking to examine Arrium liquidators can’t shield docs
Restructuring & Insolvency 2023-06-21 11:30 pm By Cindy Cameronne

Insurer Atradius has lost its bid to keep under wraps information supporting its application to publicly examine three KordaMentha directors about their administration of the Arrium Group after a judge found it would not prejudice a similar bid in related proceedings. 

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MLC ordered to pay $10M penalty for ‘serious failure’
Insurance 2023-05-18 1:35 pm By Sam Matthews

A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.

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Atradius can’t bring late $1.5B claim over Arrium administration
Restructuring & Insolvency 2023-05-03 10:25 pm By Cindy Cameronne

Insurer Atradius has lost its bid to bring a $1.5 billion (US$1 billion) case against four KordaMentha liquidators and 60 financiers of the Arrium group alleging they failed to act under a duty of utmost good faith when agreeing on how to divvy up sale proceeds for several entities.

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MLC agrees to pay $10M penalty in ASIC case
Insurance 2023-05-01 11:56 pm By Christine Caulfield

MLC has agreed to cop a $10 million penalty for admitted breaches of the Corporations Act in an ASIC case that alleged the insurer failed to promptly update medical terms in policies and withheld payment of a life insurance benefit.

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KordaMentha partners fight examination over Arrium administration
Restructuring & Insolvency 2023-04-14 3:38 pm By Cindy Cameronne

The Australian Securities and Investments Commission is fighting a challenge by three KordaMentha partners to the regulator’s decision to allow insurer Atradius to subject them to public examination over their administration of failed steel giant Arrium.

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Shaw & Partners advisors barred from contacting Fortrend clients
Financial Services 2023-02-09 4:23 pm By Cindy Cameronne

Stock broker Fortrend Securities has secured an order prohibiting two former advisors from contacting their old clients while they litigate a dispute alleging the advisors conspired with Shaw & Partners to poach customers.

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