The Australian Securities and Investments Commission says beleaguered investment group Mayfair 101 should pay a $12 million penalty after a judge found the company misled investors about its financial products.
The founder of embattled investment group Mayfair 101, James Mawhinney, has said he received legal advice approving the company’s advertising of financial products that a court has found misled investors.
Two former Honda dealers have won a bid for preliminary discovery against Honda Australia to pursue a potential consumer lawsuit over the car maker’s decision earlier this year to abandon a dealership model in Australia.
The Morrison government has been hit with a class action on behalf of Indigenous Australians who allege that, because of differences in life expectancy, they do not have fair and equal access to the age pension.
The Queensland police Commissioner is facing a lawsuit alleging an order requiring staff to get a COVID-19 vaccine violates privacy and discrimination laws and should be declared invalid.
Logistics company GetSwift’s settlement of a shareholder class action will see group members share in $1.5 million cash plus access to further funds and revenue raised by the company over a three-year period.
Oil and gas producer Santos has successfully challenged the summary dismissal of its claim for recovery of more than $470 million paid to contractor Fluor Corporation in overhead costs incurred after the estimated completion date of gas hubs in the Surat Basin.
The a2 Milk Company has reached a settlement in its fight against New Zealand-based Open Country’s trade mark containing the jealously guarded ‘a2’, with the rival dairy supplier dropping its successful application to register the mark.
While acknowledging it was a ‘loaded’ word, a judge has rejected a bid by the federal government to edit out the word ‘stolen’ from a notice to members of the third stolen wages class action brought by Shine Lawyers.
A property developer suing law firm Sparke Helmore in a $1 million negligence suit has resisted a bid for $215,000 in security for costs made weeks ahead of a four-day hearing in the matter, calling the sum “excessive”.