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IOOF offered $6M to settle class action that ultimately flopped 
Class Actions 2024-04-15 11:02 pm By Andy Sidler

Investment manager IOOF has failed to persuade a judge that the applicant in a failed shareholder class action should face indemnity costs for rejecting a […]

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Nature’s Care majority shareholders to foot the bill for fight with founding family
Corporate 2024-04-15 11:33 pm By Sam Matthews

The majority shareholders of vitamin giant Nature’s Care have been hit with the costs of the company’s failed bid for an injunction against its founding […]

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Super fund faces $40M class action by transport workers
Class Actions 2024-04-12 3:19 am By Cat Fredenburgh

Transport workers have lodged a $40 million class action against one of the country’s largest super funds for allegedly miscalculating their superannuation entitlements. The class […]

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Aristocrat’s 6-year battle to patent Lightning Link poker machine ends in defeat
Intellectual Property 2024-04-12 9:30 pm By Cindy Cameronne

A judge has ruled gaming giant Aristocrat Technologies cannot patent its Lightning Link electronic poker machine, after six High Court Justices split on whether the […]

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GEMI Capital may face class action by wealthy Sydney investors
Class Actions 2024-04-12 11:00 pm By Andy Sidler

Sydney lender GEMI may face a class action for allegedly enticing wealthy individuals to make investments in products they were misled into believing were low […]

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ASIC wins case against payday lender Sunshine Loans over ‘wrongheaded’ fees
Financial Services 2024-04-12 11:08 pm By Sam Matthews

In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, […]

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Prosecutors drop criminal case against Meta over scam crypto ads
White Collar 2024-04-12 4:27 am By Cat Fredenburgh

A criminal case against Facebook owner Meta sparked by mining magnate Andrew Forrest over scam cryptocurrency ads has been dropped, while a similar case by […]

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Law firm will try to claim funder’s cut as damages in Murray Darling class action
Class Actions 2024-04-12 10:12 pm By Cindy Cameronne

A class action against the Murray Darling Basin Authority over alleged negligent water management is seeking to claim a funder’s commission as damages after a […]

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Maggie Beer faces court challenge over earnout on $40M acquisition
Corporate 2024-04-12 11:35 pm By Cindy Cameronne

ASX-listed gourmet food company Maggie Beer has been dragged to court by the founders of Hampers & Gifts Australia over a $10 million earnout that […]

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Settlement reached in class action against NSW law firm
Class Actions 2024-04-12 10:44 pm By Cindy Cameronne

A class action seeking to hold a regional NSW law firm liable for the actions of a former employee who was sentenced to a term […]

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