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The Star cops record $100M fine, licence suspension following damning report
The NSW gaming regulator has suspended the Star Entertainment Group’s casino license and handed it a $100 million fine after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.
Judge’s comments on class action costs ‘hurtful’, law firm says
A law firm has lost its bid to appoint a costs referee after reaching a $5.8 million class action settlement with the On The Run convenience store chain, saying it was “hurtful” for a judge to suggest the firm wanted to “maximise its position” over group members.
James Mawhinney sues ASIC over ‘defamatory’ media release
Mayfair 101 founder James Mawhinney has sued the Australian Securities and Investments Commission and its deputy chair Sarah Court, alleging the corporate regulator defamed him in a media release issued last month.
ASIC issues stop orders on Holon crypto funds pitched to retail investors
The corporate regulator has placed interim stop orders on three crypto funds distributed by Holon Investments Australia Limited, citing the need to protect investors from sinking money into funds that may be too risky and speculative.
Ultiqa slapped with $900,000 penalty for timeshare sales tactics
A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
Judge grills law firm for spending 180 hours on pleadings in Drakes class action
A judge has questioned a class action firm’s claim that it and its counsel spent 180 hours and $63,000 in fees preparing pleadings in an underpayments class action against supermarket chain Drakes, saying the number of hours was not “reasonable”.
Austal hit with $700,000 penalty over $3.5B US Navy program disclosures
Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company's $3.5 billion US Navy warship program.
Network Ten stiffed Brisbane GM out of $330,000 in bonuses, lawsuit claims
Ten's general manager, Brisbane has filed a lawsuit alleging the media company owes her $330,000 in bonuses.
Retail Food Group files bid to quash franchisee class action
Retail Food Group has filed an application to shut down a class action by former franchisees of its Michel's Patisserie chain who claim to have suffered losses stemming from changes to the franchise giant's supply chain in 2015 and 2016.
NAB defeats unconscionable conduct case by vehicle finance brokerage
A judge has tossed a broker’s lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned broker’s trail book.