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Cryptocurrency class action faces knockout bid
Class Actions 2022-03-14 11:38 am By Sam Matthews

The issuer of Gold Coast-based cryptocurrency Qoin has asked a court to throw out a class action accusing it of engaging in fraudulent practices and […]

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Court won’t let class action parties pay for judge to travel for Sydney trial
Class Actions 2022-03-10 3:41 pm By Christine Caulfield

The Federal Court won’t permit a Melbourne-based judge to travel to Sydney on the dime of the parties in a class action against wealth management […]

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Westpac stalls on extradition of Forum Finance’s Bill Papas
White Collar 2022-03-10 5:17 pm By Miklos Bolza

Westpac has yet to commence extradition proceedings against Forum Finance director Bill Papas due to concerns that the alleged fraudster may face only contempt charges […]

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AMP to face penalty in ASIC’s fees-for-no-service case
Financial Services 2022-03-10 3:59 pm By Sam Matthews

AMP has admitted to contraventions and will face a penalty in ASIC proceedings over fees-for-no-service conduct that allegedly led to upwards of $600,000 being unlawfully […]

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Firstmac slams Zip Pay provider’s defences in fight over ‘Zip’ trade mark
Intellectual Property 2022-03-08 11:30 pm By Cat Fredenburgh

Buy now, pay later giant Zip Co cannot rely on its infringing use of the ‘Zip’ trade mark to defend a lawsuit by the mark’s […]

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‘That’s not what investors signed up for’: Linchpin used funds for unauthorised loans, court told
Trials 2022-03-08 9:40 pm By Sam Matthews

Clients of Linchpin Capital Group and subsidiary Endeavour Securities who were promised investments in a diversified loan portfolio were instead duped into funding Linchpin’s own […]

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‘Think about whether GC is the right role for you’: Ex-fintech lawyer says she was bullied after maternity leave
Employment 2022-03-07 10:03 pm By Bianca Hrovat

The former general counsel of UK-based transit payment service provider Littlepay has filed a $300,000 lawsuit accusing her former employer of bullying and discrimination upon […]

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ANZ denies charging retrospective interest on credit cards
Class Actions 2022-03-07 1:40 pm By Christine Caulfield

ANZ has hit back at claims in a class action that it slugged retrospective interest on credit card accounts and that its interest terms were […]

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Banksia class action lawyers make $10.6M settlement offer
Class Actions 2022-03-03 10:58 pm By Christine Caulfield

Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case […]

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CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
Financial Services 2022-03-03 9:02 pm By Bianca Hrovat

Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee […]

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