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7-Eleven to face new unconscionability claims in franchisee class action
Class Actions 2020-11-13 9:18 pm By Miklos Bolza Sydney
Two class actions on behalf of 7-Eleven franchisees plan to expand their case against the convenience store chain by adding new allegations of systemic unconscionable conduct.
Another aged care provider faces class action over COVID-19 outbreak
Class Actions 2020-11-09 12:15 pm By Cat Fredenburgh Melbourne
A nursing home in Melbourne's Western suburbs may be hit with a class action over a COVID-19 outbreak at the facility that resulted in the deaths of 11 residents.
Ex-Tennis Australia director Harold Mitchell must pay $90,000 in ASIC case
ASIC 2020-11-04 12:47 pm By Miklos Bolza Sydney
The Federal Court has ordered former Tennis Australia director Harold Mitchell to pay a $90,000 penalty after a "narrow" win for ASIC in its case over the domestic broadcast rights to the Australian Open.
Dam operators, Queensland face ‘very large’ costs in floods class action
Class Actions 2020-11-03 1:27 pm By Spencer Fowler Steen Melbourne
Embattled dam operators Seqwater and Sunwater, along with the State of Queensland, have been hit with costs in a class action over the 2011 floods that destroyed 2,000 homes and claimed 12 lives.
Judge slams ASIC’s case against Worrells partner
Restructuring & Insolvency 2020-10-29 4:57 pm By Cat Fredenburgh Melbourne
A judge has set aside the pleadings in ASIC's case accusing a Worrells liquidator of aiding and abetting the illegal phoenix activity of collapsed Queensland property investment advisor Members Alliance Group, saying he is entitled to a "coherent pleading".
7-Eleven says courts have no power to ever make a common fund order
Class Actions 2020-10-27 11:51 pm By Christine Caulfield Melbourne
The High Court majority's reasoning in the decision nixing common fund orders at an early stage of a class action leads "inexorably and inevitably" to the conclusion that there is no power to make such an order at any time in a proceeding, counsel for 7-Eleven has told an appeals court.
Contradictor in 7-Eleven class action backs court’s power to make CFOs
Class Actions 2020-10-20 3:51 pm By Miklos Bolza Sydney
A contradictor appointed in two class actions against 7-Eleven will argue before the Full Federal Court that the court has power both in equity and under the Federal Court of Australia Act to make common fund orders in class actions on settlement or judgment.
Arnold Bloch Leibler can’t use Slater & Gordon client files in class action defence
Class Actions 2020-10-19 8:54 pm By Christine Caulfield Melbourne
A judge has dismissed a lawsuit brought by Arnold Bloch Leibler seeking to use information from its legal work on Slater & Gordon's $1.2 billion acquisition of UK firm Quindell to defend itself in a class action brought by the plaintiffs firm's shareholders.
Judge backs ASIC plan to ban OTC binary options as issuers hit with $75M penalty
Financial Services 2020-10-16 4:52 pm By Christine Caulfield Melbourne
Over-the-counter derivative issuers AGM Markets, OT Markets and Oxifin Tech have been ordered to pay a total of $75 million in penalties after a ruling that they engaged in unconscionable conduct causing losses of over $30 million to unsophisticated investors seeking what a judge called "financial heroin hits".
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