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Court tosses appeal of $1.96M judgment awarded to cryptocurrency trader
An appeals court has thrown out a challenge to a judgment awarding a cryptocurrency trader $1.96 million in cash and a property purchased for $1.5 million over a deal with a convicted fraudster involving "millions of dollars of cash in bags and suitcases".
Training college AIPE hit with record $153M penalty for ‘unconscionable’ enrolment system
Collapsed NSW training company Australian Institute of Professional Education has been slugged with a $153 million penalty, the highest ever fine in a consumer law case, after the Federal Court found the school targeted vulnerable students through an "unconscionable" enrolment system.
‘Don’t panic’: JPMorgan boss tried to allay bank exec’s fears over shortfall, court told
JPMorgan Australia chairman Rob Priestley told Citigroup and Deutsche Bank executives not to “panic” about picking up a shortfall in the sale of ANZ shares, a court has heard in the ACCC’s criminal cartel case over a $2.5 billion ANZ share placement.
Opal Tower engineer wins bid to probe scope of insurers indemnity of Icon
The structural engineer behind Sydney's ill-fated Opal Tower can examine whether builder Icon Co has been indemnified for $31 million worth of damage which occurred in the 36-storey apartment block on Christmas Eve of 2018, a court has found.
Cosmetics brand Mecca wins contract spat with Hourglass over COVID-19 closures
Australian beauty and skincare retailer Mecca has triumphed in a lawsuit brought against US makeup brand Hourglass, which tried to terminate an exclusive distribution agreement because of the COVID-19 pandemic.
High Court shuns Apple’s last shot at shipping Epic Games dispute to US
Apple has reached the end of the line in its attempts to move a competition dispute with Fortnite game maker Epic Games to California, with the High Court denying the tech company's special leave application to appeal a judgment that found there were "strong reasons" for keeping the matter in Australia.
‘No prospects of success’: Judge tosses COVID-19 class action over Victoria’s botched hotel quarantine
Two landmark class actions seeking damages from the Victorian government for economic losses suffered during last year's second wave of COVID-19 have been thrown out, but one of the cases will be given a second chance to proceed.
Judge makes first class action order giving law firm cut of proceeds
Saying the funding arrangement would eliminate the possibility that legal costs ate up the majority of any return to group members, a judge overseeing a shareholder case against G8 Education has issued the first ever group costs order in a class action.
ACCC pressured ASIC to drop investigation into JPMorgan, court hears
A senior ACCC officer tried to dissuade ASIC from investigating alleged insider trading by JPMorgan because of fears it would “upset” the competition regulator’s criminal cartel case over a $2.5 billion ANZ share placement, a court has heard.
More casuals class actions to be dropped in wake of High Court’s Rossato decision
Two law firms are seeking court approval to drop class actions brought on behalf of allegedly misclassified casual coal miners, in light of a High Court decision that "radically" decreased their chances of success.