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ASIC can’t seek penalties against M101 founder James Mawhinney
A judge has blocked ASIC from running a new case seeking penalties against investment group M101 Nominees and founder James Mawhinney on remittal from the Full Court, after the regulator admitted it made errors at its initial trial.
‘This cannot go on any further’: Judge threatens to dismiss NAB class action
A judge overseeing a class action against NAB has ordered group members to be sent an unusual notice stating that the case has been run in a “wholly unsatisfactory manner” and said he will consider dismissing the action if it continues in the same vein.
Meta loses bid to put ACCC’s crypto ad case on ice
A judge has rejected Facebook owner Meta's request to pause a case  by the Australian Competition and Consumer Commission over scam cryptocurrency ads until a private criminal action by mining magnate Andrew Forrest is decided.
Former Ord Minnett wealth adviser barred from soliciting clients
A judge has granted wealth manager Ord Minnett’s bid for injunctions preventing a former senior wealth adviser from soliciting its clients.
Qantas abandons China Eastern pact in another capitulation
Qantas has again conceded defeat in the face of opposition by the ACCC, this time bowing out of a joint coordination agreement with China Eastern Airlines.
ASIC loses case against super trustee Diversa over banned advisor
A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.
KFC faces potential class action over rest breaks
A class action investigation has been launched against KFC, which is accused of depriving tens of thousands of workers of ten-minute paid breaks during shifts.
Class action investigation over risky CFDs aimed at broker IC Markets
Contracts for difference are again the target of a potential class action against an online broker on behalf of inexperienced investors who allegedly lost hundreds of millions of dollars.
White Oak claims insurer owed a novel duty of care in $6B Greensill cases
Lender White Oak Commercial Finance will bring a novel claim against insurer Bond & Credit Company alleging it owed a duty of care to disclose an investigation into Greensill when it bought securities from the collapsed financier's German-based bank.
Monsanto loses bid to throw out ‘cut and paste’ expert evidence in Roundup class action
Monsanto can't throw out the evidence of an expert for the plaintiff in a class action over its Roundup product who has testified that the company engaged in criminal conduct in trying to bury scientific reports on the popular weed killer's alleged cancer-causing properties.