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Judge shoots down Colonial First State’s bid for warning in class action opt out notice
Class Actions 2021-11-17 9:29 pm By Bianca Hrovat

A judge has knocked back Colonial First State’s bid to warn around 100,000 group members that even if they opt out of a class action against the wealth management firm they might still be bound by the outcome of the case.

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Christian Porter loses court bid for notes of meeting between silk, accuser’s friend
Defamation 2021-11-17 11:17 am By Miklos Bolza

A judge has denied former Attorney-General Christian Porter access to material about a crucial meeting involving Jo Dyer, the friend of a woman who accused him of rape, which he sought to bolster his appeal of the removal of silk Sue Chrysanthou from his now-settled defamation case against the ABC.

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7-Eleven class action contradictor says settlement CFO bid should go to Full Court
Class Actions 2021-11-16 5:27 pm By Miklos Bolza

A contradictor asked to weigh in on a $98 million settlement in class actions against 7-Eleven has said the Full Federal Court should decide an application by the funder for a common fund order, citing the importance of the issue.

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‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says
Competition & Consumer Protection 2021-11-16 6:27 pm By Cindy Cameronne

A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade “gently” in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.

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Man sues Seven for wrongly naming him Cleo Smith abduction suspect
Defamation 2021-11-16 9:01 pm By Christine Caulfield

A Nyamal man mistakenly identified by the Seven Network as the suspect in the abduction of four-year-old Cleo Smith in Western Australia is suing the broadcaster for defamation.

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Liberal powerbroker levels ‘very serious allegations’ at Nine’s legal team
Defamation 2021-11-16 6:04 pm By Bianca Hrovat

Former Liberal power broker Marcus Bastiaan has told a court he will seek an injunction to prevent investigative journalist Nick McKenzie from “door-knocking and harassing” witnesses in a defamation lawsuit over an explosive 60 Minutes report.

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Detergent buyers don’t confuse Finish, Somat brands, trade mark trial hears
Intellectual Property 2021-11-16 6:14 pm By Bianca Hrovat

The maker of Somat dishwashing products has hit back at allegations of trade mark infringement, telling a court the prominent brand name on its range of dishwashing tablets functions as an “unmistakable” point of difference between the company and market leader Finish.

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In rare shareholder class action trial, Slater & Gordon investor takes stand
Trials 2021-11-15 8:27 pm By Cindy Cameronne

The lead applicant in a shareholder class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition has said he might have “dumped” his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Young’s allegedly faulty advice.

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Judge questions ASIC’s ‘very, very modest’ $750,000 penalty against La Trobe Financial
Financial Services 2021-11-15 1:59 pm By Bianca Hrovat

A judge has expressed hesitation about a $750,000 penalty proposed by the Australian Securities and Investments Commission in its misleading advertisement case against $5.15 billion credit fund La Trobe Financial Asset Management, calling the amount “very, very modest”.

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Emirates Group can’t recoup $10.5M paid to Australian staff through JobKeeper
Tax 2021-11-15 4:54 pm By Miklos Bolza

Eight companies in the Dubai-based Emirates Group have lost a court bid to recoup more than $10.5 million paid to Australian staff during the COVID-19 pandemic on the mistaken belief that the money would be repaid as part of the federal government’s JobKeeper subsidy scheme.

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