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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.
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.
‘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”.
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.
With no funder, Colonial class action members better off by up to $12M, court finds
Customers of wealth manager Colonial First State were $10 million to $12 million better off without a litigation funder in a class action over the slow transfer of accounts to low cost MySuper funds, a judge has found.
In decades-long fight over coal seam gas fields, Tri-Star loses referee bid
Texas oil giant Tri-Star has lost its bid for a referral in a dispute with natural gas exporter Australia Pacific LNG over several coal seam gas fields in Queensland and $7.6 billion in share acquisitions.
Ex-commando slams ABC’s ‘nonsensical’ argument against damages in defamation case
Former Army major Heston Russell has panned the ABC’s argument that it is not liable to pay damages in his defamation case because he identified himself and was given an opportunity to respond to stories that suggested he was involved in murdering an Afghan prisoner.
Block’s mobile payment method not patentable, says IP Australia
IP Australia has rejected an application by US technology company Block to patent a mobile payment method, saying it does not describe a manner of manufacture -- the threshold requirement tripping up many claimed computer-implemented inventions.
PwC appoints Ziggy Switkowski to investigate tax leaks scandal
PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.
Meridian continues raid of McCabes to grow insurance team
National law firm Meridian Lawyers has nabbed two senior practitioners from McCabes for its insurance group, less than a month after luring 14 lawyers and staff from its competitor.