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Tesla CEO Robyn Denholm loses bid to register ‘Wollemi’ trade mark
Intellectual Property 2025-04-24 11:54 pm By Sam Matthews

CBA-backed climate venture capital firm Wollemi has won its bid to block the family company of Tesla CEO Robyn Denholm from registering ‘Wollemi Capital Group’ as a trade mark.

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Keybridge to stay in administration pending Nick Bolton appeals
Justice Mark Leeming 2025-04-24 11:57 pm By Cat Fredenburgh

Keybridge CEO Nick Bolton has won a stay of orders ending the company’s administration as he appeals that ruling and another that found he and two other directors were validly removed and replaced at a board meeting.

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Tech error affecting 22K group members delays $50M ANZ class action settlement
Class Actions 2025-04-23 10:59 pm By Andy Sidler

Court approval of a $50 million settlement in a class action against ANZ and superannuation trustee OnePath has been delayed, after 22,000 group members were excluded from an opt-out notice due to a problem with OnePath’s computing process.

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In loss for ASIC, Full Court finds crypto currency provider did not need AFSL
Appeals 2025-04-23 11:24 pm By Sam Matthews

The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.

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Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
Privacy & Cybersecurity 2025-04-22 11:20 pm By Sam Matthews

A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.

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$64.25M settlement in MLC Super class action on ‘higher end’, court told
Class Actions 2025-04-16 3:19 pm By Andy Sidler

A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”. 

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Failed MLC class action can’t peek at settlement deed in resolved case
Class Actions 2025-04-15 11:04 pm By Christine Caulfield

The applicant in a failed class action by members of NAB’s MLC Super fund can’t access a settlement deed in a separate class action against the fund trustee, which resolved days after the applicant’s case was thrown out.

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ASIC secures winding up orders against Falcon Capital
ASIC 2025-04-15 2:54 pm By Andy Sidler

ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors. 

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IC Markets wants deadline on class action’s search for sample group member
Class Actions 2025-04-14 12:18 pm By Christine Caulfield

Brokerage firm International Capital Markets says a class action over risky financial products must put up or shut up when it comes to claims in the case that neither applicant has standing to bring.

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Judge allows tweak to ratings suit against S&P ahead of trial
Securities 2025-04-11 11:03 pm By Sam Matthews

The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.

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