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Piper Alderman’s demand for $119,000 in unpaid fees from Aurora Funds set aside
Corporate 2021-10-25 9:30 pm By Cindy Cameronne

Asset manager Aurora Funds has won its bid to toss a demand by law firm Piper Alderman for $119,335 in allegedly unpaid legal fees, with a judge finding the terms of a settlement deed between the parties may operate as a “penalty” for defaulting on payments.

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Cartel claims filed against roof tilers over Sydney University construction
Competition & Consumer Protection 2021-10-25 1:45 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has launched civil penalty proceedings against two Sydney roof tiling businesses and their sole directors, claiming they engaged in bid rigging for construction at the University of Sydney.

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ASIC takes action against ex-Freedom Insurance boss over Vespa sales incentive
Insurance 2021-10-25 9:50 pm By Christine Caulfield

The corporate regulator has brought proceedings against the former boss of defunct Freedom Insurance and another executive over an insurance sales program that incentivized sales agents with overseas holidays and a Vespa scooter.

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Injunction extended in ACCC’s challenge to Virtus’ acquisition of Adora
Corporate 2021-10-25 3:13 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has won an injunction to stop Virtus from completing the purchase of rival Adora Fertility until a court has ruled on the competition regulator’s challenge to the acquisition. 

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Embattled Sports Flick founder brings $12.7M case against former investors
Corporate 2021-10-25 2:34 pm By Christine Caulfield

The founder of troubled sports streaming start-up Sports Flick has filed a $12.7 million lawsuit against former investors seeking to be reinstated as director and shareholder of the company.

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Arrium class action plaintiffs can’t delay hearing on group costs order
Class Actions 2021-10-22 3:01 pm By Miklos Bolza

The Victorian Supreme Court will push ahead with a hearing for a group costs order in a class action by Arrium shareholders despite requests by the applicants that it be put off until after judgment is issued on the second-ever group costs order request.

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Country Care alleges law firm’s negligent advice led to cartel charges
Professional Negligence 2021-10-22 1:56 pm By Cindy Cameronne

Mobility equipment provider Country Care has taken a law firm to court claiming it gave negligent advice and was responsible for an ACCC price-fixing investigation and subsequent criminal cartel charges.

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Canberra property developer faces class action investigation for rescinding off-the-plan contracts
Class Actions 2021-10-22 3:20 pm By Miklos Bolza

A Canberra-based property developer may be hit with a class action for allegedly engaging in misleading and deceptive practices which caused financial losses to property buyers, including by rescinding or cancelling off-the-plan contracts in the midst of the COVID-19 pandemic.

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Agrison to pay $284,000 for misleading warranty representations
Competition & Consumer Protection 2021-10-22 6:40 pm By Miklos Bolza

Agricultural equipment supplier Agrison has been ordered to pay a $220,000 pecuniary penalty after admitting to misleading its customers about the terms of its tractor warranties.

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Star Entertainment’s woes worsen with third class action probe
Class Actions 2021-10-21 7:06 pm By Christine Caulfield

A third law firm has launched an investigation into a potential shareholder class action against Star Entertainment Group after a $1 billion share price nosedive on the back of allegations of lax management of anti-terrorism and money laundering risks.

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