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ACMA slaps Telstra with $2.5M fine over privacy breaches
Privacy & Cybersecurity 2021-12-16 4:15 pm By Cindy Cameronne

The Australian Communications and Media Authority has hit Telstra with a record $2.53 million penalty for listing individuals phone numbers in public directories against their wishes.

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‘Troubled’ judge won’t sign off on Woolworths class action settlement
Class Actions 2021-12-15 5:39 pm By Cindy Cameronne

Saying it will only benefit the law firm and lead applicants, a judge has refused to approve a settlement in an underpayments class action against supermarket giant Woolworths, which would see no payout to employees.

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CBRE can’t dodge Trilogy Funds case over $34.8M valuation
Real Estate 2021-12-15 9:33 pm By Christine Caulfield

Commercial real estate giant CBRE Group has lost its bid to toss proceedings brought by fund manager Trilogy claiming the company negligently valued a Queensland marina at $34.8 million in 2006 and caused millions in losses.

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NAB, HSBC should pay for Dick Smith receivers’ court loss, judge hears
Restructuring & Insolvency 2021-12-15 6:15 pm By Miklos Bolza

National Australia Bank and HSBC should be “jointly and severally liable” to pay a portion of the costs of a failed case brought by Dick Smith’s receivers against the company’s former directors because the banks stood to gain financially if the lawsuit was successful, the NSW Supreme Court has heard.

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PTTEP appeals win for Indonesian seaweed farmers in oil spill class action
Appeals 2021-12-15 5:08 pm By Cat Fredenburgh

Oil exploration company PTTEP has appealed a judge’s findings that oil that gushed from one of its wells in the Timor Sea in 2009 reached the coasts of Indonesian islands and damaged the crops of local seaweed farmers.

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ASIC accuses former ANZ unit of overcharging super members $4M
Financial Services 2021-12-15 12:26 pm By Bianca Hrovat

Former ANZ super fund subsidiary OnePath overcharged more than $4 million in superannuation fees, according to regulatory action launched by the Australian Securities and Investments Commission on Tuesday.

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ABC settles lawsuit by ‘overworked’ senior reporter
Employment 2021-12-15 11:57 am By Christine Caulfield

The ABC has resolved a discrimination lawsuit brought by a reporter who claimed she developed a medical condition as a result of being overworked.

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Merrill Lynch botched $56M sale of Zip Co shares, lawsuit claims
Financial Services 2021-12-14 10:47 pm By Cindy Cameronne

Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.

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GM facing $9M dealer lawsuit over decision to retire Holden brand
Competition & Consumer Protection 2021-12-14 12:49 pm By Bianca Hrovat

General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker’s decision to pull the iconic brand in Australia.

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High Court to hear Google’s challenge to $40,000 defamation award to gangland lawyer
High Court 2021-12-14 5:51 pm By Miklos Bolza

The High Court has granted Google special leave to challenge a $40,000 defamation judgment awarded to gangland lawyer George Defteros, with the search giant arguing it should not be held liable for a “mere hyperlink” to an article.

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