Most Recent
MLC ordered to pay $10M penalty for ‘serious failure’
A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.
TPG-backed company fleeced in major scam tied to $1B climate deal, court told
TPG-owned Anew Climate has sued an Australian company that allegedly impersonated a US carbon offset developer by using "bogus" emails to unlawfully receive payments under a $968 million (US$640 million) investment deal, a court has heard.
Judge orders discovery of legal advice in spat over $45B Ichthys LNG project
A judge has ordered contractor JKC Australia to hand over legal advice relating to a settlement deed it entered with Japanese oil company Inpex in 2021, as it seeks to hold Dutch paint company AkzoNobel NV responsible for its “significant” potential liability under the settlement.
ANZ to cop penalty in ASIC case over cash advance fees
ANZ will no longer contest liability at trial in a case by the regulator over more than $10 million in cash advance fees charged to the credit card accounts of hundreds of thousands of customers.
Sydney MP Alex Greenwich to sue Mark Latham over homophobic tweet
Independent member for Sydney Alex Greenwich is preparing to bring a defamation case against One Nation’s NSW leader, Mark Latham, after he published a homophobic post on Twitter last month.
Nine’s A Current Affair broke privacy rules in airing neighbour dispute, ACMA finds
The Australian Communications and Media Authority has found Channel Nine breached privacy rules in a story on A Current Affair about a violent dispute between neighbours in regional New South Wales that went viral on YouTube.
‘Not motivated by access to justice’: Funder hit with indemnity costs in copyright case
A judge has ordered a litigation funder that bankrolled a photographer’s unsuccessful copyright claim against CoreLogic to pay indemnity costs to the property data analytics company, saying the funder was not “motivated by any concerns for access to justice”.
ASIC investigates Nuix boss over $236,000 share purchase
The Australian Securities and Investments Commission has launched an investigation into whether Nuix’s current Chief Executive Officer Jonathan Rubinsztein unlawfully bought shares in the company after learning about a potential takeover offer.
ASIC claims Solvar unit provided unsuitable car loans to vulnerable customers
The Australian Securities and Investments Commission has dragged lender Money3 to court for allegedly failing to properly assess the creditworthiness of low-income individuals before saddling them with $11,000 loans for second-hand car purchases.
Tech exec subjected to DXC’s ‘unreasonable’ 7-year restraint clause wins appeal
An appeals court has found a seven-year non-competition clause in US tech giant DXC Eclipse's agreement with the former director of Melbourne software firm Sable37, which it acquired in 2018, was unreasonable.