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Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
Class Actions 2021-08-06 11:17 pm By Cindy Cameronne

The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.

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OAIC launches investigation into Optus data breach
Privacy & Cybersecurity 2021-08-06 11:04 pm By Cat Fredenburgh

The Office of the Australian Information Commissioner is investigating whether Optus breached privacy law after the telco wrongly published customers’ personal details in the White Pages in 2019.

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Bristol-Myers Squibb denies claims in Merck Sharp & Dohme’s misuse of market power case
Competition & Consumer Protection 2021-08-06 3:06 pm By Miklos Bolza

Pharmaceutical giant Bristol-Myers Squibb will fight a case brought by Merck Sharp & Dohme alleging misuse of market power over stage IV melanoma treatments, telling the Federal Court on Friday it denied its rival’s claims.

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Banks fork over $1.86B to repay customers for bad behaviour
Financial Services 2021-08-05 10:05 pm By Sam Matthews

Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.

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Two years is too long, says judge in Willis Towers Watson restraint of trade dispute
Employment 2021-08-03 10:47 pm By Christine Caulfield

Financial services giant Willis Towers Watson ordered a former executive to lie to clients on his way out of the organisation and imposed an “unreasonable” two-year employment restraint, a NSW Supreme Court has found.

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Crown chair, CEO to step down as royal commissioner considers new casino operator
Gaming 2021-08-03 10:10 pm By Christine Caulfield

Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll as the casino operator attempts to persuade Royal Commissioner Ray Finkelstein QC that it should keep its Victorian licence.

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Macarthur-Onslow family feud over ‘undervalued’ Lendlease land shut down by court
Real Estate 2021-08-03 4:56 pm By Miklos Bolza

A court has shut down the latest legal spat between the children of one of Australia’s richest families, finding a lawsuit over a $200 million real estate transaction was not brought in good faith and that running the case was not in the best interests of the company involved in the deal.

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PwC says ATO should stick to plan at upcoming privilege hearing
Tax 2021-08-03 2:10 pm By Miklos Bolza

PricewaterhouseCoopers has objected to swathes of evidence from the Commissioner of Taxation being included in an upcoming trial over privilege, claiming the material oversteps a process put in place by the court to only examine a small sample of documents.

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Rex hires Clayton Utz as it weighs legal options against Qantas
Competition & Consumer Protection 2021-08-03 12:58 pm By Christine Caulfield

Regional Express has engaged Big Six firm Clayton Utz to investigate potential court action against rival airline Qantas for alleged anticompetitive conduct.

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Funder seeks to recoup $14.8M debt in lawsuit against Sydney developer
Real Estate 2021-08-02 6:18 pm By Miklos Bolza

A litigation funder is suing a Sydney property developer over a $14.8 million debt stemming from a cause of action it acquired from the liquidators of the collapsed project manager behind the firm’s real estate projects.

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