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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.

Liquidator reprimanded by ASIC for breaching rules on independence
Restructuring & Insolvency 2022-07-01 10:45 pm By Sam Matthews

The corporate regulator has reprimanded a liquidator for “serious” breaches of independence rules, and has directed the insolvency practitioner to refuse appointments until next year.

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.

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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Virgin ordered to hand over insurance details in shareholder class action
Class Actions 2022-06-29 11:12 pm By Cat Fredenburgh

Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class […]

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