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ISignthis may face shareholder class action over profit downgrade
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
‘Malishus’ trade mark owner appeals ruling awarding $10 in compensatory damages
An Australian musician is seeking to appeal a ruling in a trade mark lawsuit against New Zealand-based clothing company Malishus and its directors, which awarded him $32,000 in additional damages for "flagrant" infringement but only $10 in compensatory damages.
Top NRL player agent Sam Ayoub wins case against protege who poached 18 players
Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.
Thiel partner in Gawker takedown seeks $2M in new lawsuit
An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.
FWC dismisses case after Facebook pics show ‘agoraphobic’ beautician sunning it up
The Fair Work Commission has dismissed a general protections dispute brought by an "agoraphobic" beautician after social media posts revealed an active social life including gin, Greek food and the Melbourne Cup.
Sydney financial advisor hit with $14.5M class action by Chinese investors
A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
Former director of internet company gets 6 years in jail for fraud
The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
STA Travel makes admissions in ACCC case over hidden fees
The Australian Competition and Consumer Commission's case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.
Royal commission class actions keep rolling in, one year after Hayne report
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.