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Judge OKs $1.6M settlement in Romeo’s class actions but slashes law firm’s share
Class Actions 2022-09-19 11:01 pm By Cindy Cameronne

A judge has signed off on a $1.55 million settlement to resolve two underpayments class actions against supermarket chain Romeo’s, but has reduced the pay out to the law firm running the cases by 25 per cent, saying the firm had “no legal entitlement” to the fees.

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Dixon Advisory hit with $7.2M penalty in ASIC case
Financial Services 2022-09-19 3:08 pm By Cat Fredenburgh

A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients’ best interests by recommending they invest in a risky US-based real estate investment fund.

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Vero Insurance to argue owners suffered no property damage in cladding class action
Construction 2022-09-19 11:17 pm By Cindy Cameronne

Insurer for cladding manufacturer Fairview Architectural, Vero Insurance, will argue a $190 million policy does not cover claims in a class action alleging combustible cladding caused losses for property owners, a court has heard.

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Mylan appeals ATO’s rejection of $48M deduction in spat over $1.2B Alphapharm deal
Tax 2022-09-19 2:04 pm By Cat Fredenburgh

The Australian unit of Mylan is challenging the ATO’s rejection of a $48 million deduction  for 2020 in the generic drug company’s latest spat with the tax office over interest on loans to fund its $1.2 billion acquisition of generic drug maker Alphapharm.

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Tennis club denied $500,000 grant drops ‘sports rorts’ case
Sports 2022-09-19 1:03 pm By Cat Fredenburgh

A test case stemming from the 2019 ‘sports rorts’ scandal will not make it to trial, after a club denied funding from a $100 million grants program discontinued its lawsuit against the Australian government agency responsible for community sports.

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High Court to hear Meta’s challenge to Cambridge Analytica case
Privacy & Cybersecurity 2022-09-16 2:08 pm By Christine Caulfield

The High Court will take up Meta’s challenge to the privacy commissioner’s case over the Cambridge Analytica data breach, giving the court the chance to rule on the jurisdictional reach of Australian regulators in their pursuit of US tech giants.

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Westpac slams ‘disorderly’ shareholder class action over AUSTRAC disclosures
Class Actions 2022-09-16 2:42 pm By Sam Matthews

Westpac has criticized the lead applicant in a class action filed in the wake of AUSTRAC proceedings for the “disorderly” conduct of the lagging proceedings, with discovery yet to be finalized as the case nears its third anniversary.

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High Court to hear Whitsundays resort’s appeal of $430,000 damages to worker urinated on
High Court 2022-09-16 10:49 pm By Cat Fredenburgh

The High Court has taken up the appeal of a Whitsundays resort that was ordered to pay $430,738 to an employee whose roommate in staff accommodation urinated on him after a night of drinking.

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Alkaloids export manager should face prison for cartel conduct, court told
Competition & Consumer Protection 2022-09-16 11:12 pm By Cindy Cameronne

The federal prosecutor has argued that the former export manager of pharmaceutical ingredient producer Alkaloids of Australia should serve prison time after pleading guilty to cartel conduct over the supply of a key chemical in generic stomach cramp drugs.

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Meta wants ACCC’s crypto ad case put on hold until criminal action resolved
Competition & Consumer Protection 2022-09-16 2:56 pm By Cindy Cameronne

Facebook owner Meta has filed a bid to pause a case by the consumer regulator over scam cryptocurrency advertisements until the determination of a private criminal action brought by mining magnate Andrew Forrest.

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