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Stock Swami admits he lied to Tolga Kumova’s lawyers in defamation trial
Defamation 2022-07-01 2:16 pm By Cindy Cameronne

Twitter personality Alan Davison, who runs the account Stock Swami, has admitted he lied in defamation proceedings brought by mining investor Tolga Kumova, who has […]

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‘I want complete transparency’: Forum Finance director faces grilling for legal funds
Restructuring & Insolvency 2022-07-01 1:28 pm By Sam Matthews

A judge has told Forum Finance director Vince Tesoriero to “revisit” evidence about his true financial position if he wants to win the release of $1.25 million to pay for his defence in Westpac’s fraud case against him, amid concerns about whether he has made full disclosure to the court.

After ‘very unfortunate’ loss, Carwoola bushfire class action dodges indemnity costs
Class Actions 2022-07-01 11:03 pm By Sam Matthews

The lead applicant in an unsuccessful class action over the Carwoola bushfire has avoided indemnity costs sought by insurer CGU and has won a 40 per cent reduction in the amount of legal costs it will have to cover for the defendant.

Class actions too complex to run without lawyers, judge says
Class Actions 2022-06-30 12:36 pm By Sam Matthews

A judge has tossed a class action brought by a self-represented applicant against Wilson Security, saying class actions should not be run without lawyers.

Funder sells stake in Commonwealth Bank class action for $7.5M
Class Actions 2022-06-30 4:00 pm By Cat Fredenburgh

A litigation funder has reaped $7.5 million from the sale of a 20 per cent stake in a shareholder class action against the Commonwealth Bank of Australia over the bank’s allegedly lax money laundering compliance.

Seven takes Cricket Australia to court to quash broadcast agreement
Sports 2022-06-30 10:36 pm By Cat Fredenburgh

Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract breaches.

Samsung Bioepsis sues again to invalidate Humira biosimilar
Intellectual Property 2022-06-30 2:57 pm By Cindy Cameronne

Korean drug company Samsung Bioepis has filed a second lawsuit seeking to invalidate German drug company Fresenius Kadi’s patent for a biosimilar of blockbuster arthritis drug Humira.

ASIC sues Mercer Financial over fees for no service conduct
Financial Services 2022-06-30 12:10 pm By Sam Matthews

ASIC has brought court proceedings against wealth manager Mercer Financial Advice, alleging the company charged fees for services it did not provide and made false and misleading representations to thousands of customers.

Defendants rail against pleadings in 5-year-old Lane Cove Tunnel dispute
Construction 2022-06-30 9:37 pm By Sam Matthews

A judge has indicated he will allow the operator of Sydney’s Lane Cove Tunnel to amend its pleadings in a lawsuit against Thiess, John Holland and CIMIC over alleged defects in the construction of the billion-dollar tunnel.

Court finds sessional academic lecturer an employee, not a contractor
Employment 2022-06-30 5:14 pm By Cindy Cameronne

In its first decision applying a landmark High Court judgment redefining the test for when a worker is employed, the Federal Court has found a […]

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