In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customers’ financial needs.
Food giant Goodman Fielder has won freezing orders against a former employee who the company suspects of a $10 million fraud and issued a slew of subpoenas to betting firms the employee holds accounts with.
Law firm Holding Redlich has been hit with proceedings over invoices totalling more than $334,000 by an ex-client who says the firm provided no cost agreement and made no cost disclosure over the course of an eight-month retainer.
Former Seven News reporter Robert Ovadia has filed a complaint with the Fair Work Commission over his sacking, which alleges the intentional infliction of harm by the network and its news director.
Telstra has been reprimanded by ACMA after the communications regulator found the silent numbers of more than 140,000 customers — including domestic violence victims — were made public.
A shareholder has filed an application for preliminary discovery against KMPG and water treatment company Phoslock as she weighs a possible class action over the company’s past fraud and mismanagement.
A funder bankrolling a class action against the NSW government over the construction of Sydney’s $16 billion Westconnex tunnel is locked in a dispute with the lead applicants over $135,000 held in a trust account, and wants to replace the plaintiffs and their solicitors, the third group of lawyers to run the case.
A senior barrister has filed another suit against Telstra alleging it flags his emails to Bigpond addresses as spam and fails to send them, after suing the telco for allegedly falsely promising he could keep his chambers’ phone numbers when switching to the NBN.
Law firm Johnson Winter Slattery has recruited energy and resources specialist Nick Thorne for the firm’s Brisbance office, an appointment that represents a reunion for a former Corrs Chambers Westgarth trio.
A unit of petrol store chain EG Australia has sued Ashurst and LegalVision alleging they breached their implied duty of care through advice given to Woolworths about the assignment of a disputed Sydney petrol station lease.