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Big Un liquidators push for trial date in case over financier’s share purchase
Restructuring & Insolvency 2024-06-26 10:57 pm By Andy Sidler

The liquidators of collapsed media company Big Un are pushing for a trial date in their two-year-old case against financier First Class Capital alleging a three million share purchase was part of a fraudulent design to inflate the collapsed company’s share price.

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Ex-CEO won’t claim ‘primary responsibility’ for Zambrero’s success
Competition & Consumer Protection 2024-06-14 11:04 pm By Sam Matthews

Mexican fast food giant Zambrero has settled misleading and deceptive conduct claims brought against ex-CEO Stuart Cook, who has agreed to refrain from representing that he is “primarily responsible” for the chain’s success. 

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SMSF auditors stung by class action say Melissa Caddick’s clients have themselves to blame
Superannuation 2024-05-24 11:44 pm By Sam Matthews

The auditors of self-managed superannuation funds that clients of Melissa Caddick invested with the Sydney fraudster and her company Maliver have hit back at class action claims, saying the clients have themselves to blame for handing over “direct control” of their funds.

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ANZ says bailout by underwriters of $2.5B share placement not relevant to ASX
Securities 2024-05-23 11:41 pm By Sam Matthews

Challenging a ruling that it breached its continuous disclosure obligations, ANZ has argued on appeal that it did not need to inform the ASX of a bailout by the underwriters of a 2015 institutional share placement because the information didn’t go to the fundamental value of its shares.

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Insurers for failed finance lender Axsesstoday settle class action claims
Class Actions 2024-05-06 2:00 pm By Christine Caulfield

A class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers has reached an in-principle settlement with the lender’s insurers.

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Court blesses Halifax liquidators’ settlement with King & Wood Mallesons
Restructuring & Insolvency 2024-04-15 11:10 pm By Cat Fredenburgh

The liquidators for Halifax Investment Services were justified in reaching a compromise settlement in proceedings against King & Wood Mallesons alleging the firm and former auditor Bentleys failed to advise the defunct stockbroker that it had to hold client funds used to trade on its online platform on trust, a judge has found.

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ASIC launches appeal in landmark case over Finder Wallet’s cryptocurrency
Cryptocurrency 2024-04-11 3:48 pm By Christine Caulfield

The Australian Securities and Investments Commission is challenging a decision that Finder Wallet did not need a financial services licence to sell its defunct cryptocurrency product.

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Software company resists spending ‘$90,000 on a barrister’ in trade mark fight with Google
Intellectual Property 2024-04-05 11:02 pm By Christine Caulfield

The sole director of a small software company can’t act for his business in defending against an intellectual property case brought by digital titan Google, despite his plea to the court that his firm did not have the financial means to hire lawyers.

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In loss for ASIC, court finds AFSL not needed for Finder’s crypto product
Cryptocurrency 2024-03-14 4:25 pm By Cindy Cameronne

In a loss for the Australian Securities and Investments Commission, a judge has found that comparison website Finder did not need a financial services licence to sell its cryptocurrency product Finder Earn because it was not a financial product.

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In trade mark appeal, Katy Perry says Aussie designer should have ‘changed direction’ given her rise to fame
Intellectual Property 2024-02-22 9:23 pm By Sam Matthews

Appealing her loss in a trade mark stoush with an Australian fashion designer, pop star Katy Perry has argued the woman “should have changed direction” with her ‘Katie Perry’ brand once the singer’s star began to rise. 

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