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ASIC failed to warn Equity Trustees about Keystone fund, court told
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
Construction PRO
Developer Point Bay wins judge’s recusal from Global Capital case
A judge has recused herself from a case by liquidators for real estate investment firm Global Capital Property Fund against Point Bay Developments, after hearing the corporate regulator's application to wind up the fund.
Entrepreneur Aaron Sansoni secures injunction, contempt conviction against ex-CFO
The sacked CFO of Aaron Sansoni Group International who allegedly took control of the company's domain names and the business name of its eponymous founder has been convicted of contempt and hit with freezing orders.
Court rejects ‘entirely unwarranted’ attack on Allens solicitors in fight over lift IP
A court has dismissed a lift supplier’s appeal of a decision rejecting its claim of breach of confidence against a rival, including an “entirely unwarranted” attack on solicitors at Allens over the use of documents obtained by “internet-savvy” search techniques.
NAB hit with $15.5M penalty for mishandling financial hardship requests
National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.
New Aim appeals trade secrets loss over employee’s WeChat contacts
E-commerce merchandise importer New Aim is challenging the dismissal of its trade secrets case against a former employee, who gave the contact details of the company's suppliers to a competitor after jumping ship.
New Aim loses trade secrets case over employee’s WeChat contacts
A court has knocked back online merchandise importer New Aim’s trade secrets case against a former employee who gave the contact details of the company's suppliers, stored on his personal phone, to a competitor after jumping ship. 
Construction PRO
iProsperity liquidators win OK for retainer to pursue $45M claim against Crown
Liquidators for iProsperity have been given the greenlight to enter into retainers with Norton Rose Fulbright to pursue claims against the defunct property group’s general manager and Crown Melbourne.
Judge rejects bid to declass ‘junk’ insurance class action
A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action. 
‘All or nothing gamble’: Law firm slams Aussie Home Loans declassing bid
Mortgage broker Lendi Group and insurer ALI Group want a proceeding on behalf of tens of thousands of Aussie Home Loans customers to be stripped of class action status.