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Appealing GetSwift class action ruling comes at a cost, Full Court says
Appeals 2018-12-20 1:33 pm By Christine Caulfield

The law firms that challenged a ruling staying their cases against GetSwift gave the Full Federal Court a chance to guide judges managing competing class actions, but they can’t avoid paying their opponents’ legal costs because the court happened to seize the opportunity.

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Lead applicant socked with costs of Banksia class member’s appeal
Appeals 2018-12-19 9:53 pm By Christine Caulfield

The lead applicant in a class action over the failure of Banksia Securities is on the hook for paying the legal costs of a class member who successfully challenged the funder’s cut of a $64 million settlement in the case.

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Telstra loses challenge to ‘Empires end’ ad ruling
Competition & Consumer Protection 2018-12-18 11:41 pm By Cat Fredenburgh

Telstra has lost an appeal of a ruling that rival Optus’ “Empires End” advertising campaign was not misleading or deceptive.

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High Court to hear mortgage aggregator share transfer dispute
Corporate 2018-12-17 9:29 pm By Miklos Bolza

The High Court has granted special leave to mortgage aggregator Connective in a dispute between the firm’s founder and major shareholders over a transfer of one-third of the company’s shares, in a case that could clarify whether litigation should be considered a prohibited form of financial assistance under the Corporations Act.

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Battle over competing GetSwift class actions goes to High Court
Breaking News 2018-12-17 4:30 pm By Christine Caulfield

Law firm Squire Patton Boggs is taking a fight over a ruling that shut down its shareholder class action against logistics startup GetSwift to the High Court.

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United Petroleum unit appeals loss against Allianz over fire coverage
Appeals 2018-12-17 11:33 am By Cat Fredenburgh

A Queensland ethanol refinery owned by United Petroleum has appealed a judge’s ruling that insurer Allianz Australia did not have to provide coverage for damage resulting from a 2016 fire.

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Viterra says others lied about malt quality, judge wants to know who
Corporate 2018-12-14 10:31 pm By Cat Fredenburgh

Viterra can amend its defence mid-trial in its dispute with Cargill over the $420 sale of its Joe White malt business to argue it was standard industry practice to fudge test results relating to malt quality, provided it identifies which industry players engaged in the practice.

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ASIC wins High Court battle in Prime Trust saga
Appeals 2018-12-13 8:31 pm By Miklos Bolza

The Australian Securities & Investments Commission has largely prevailed on appeal to the High Court in its case against former directors of collapsed retirement village owner Prime Trust, including former federal health minister Michael Wooldridge. 

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We Buy Houses director appeals record $6M fine
Appeals 2018-12-07 10:35 am By Cat Fredenburgh

The director of property spruiker We Buy Houses has appealed a record $6 million for misleading property investors with claims they could learn to buy real estate for $1.

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Glencore in-house counsel wins access to ‘highly confidential’ deal docs, again
Corporate 2018-12-06 10:39 pm By Cat Fredenburgh

The judge overseeing a fraudulent concealment trial over Cargill’s $420 million purchase of the Joe White malt business has reaffirmed an earlier ruling allowing an in-house counsel at Glencore to access documents related to the possible sale of Cargill’s malting business.

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