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Investors lose joint appeal bid to boost slice of Halifax liquidation assets
Restructuring & Insolvency 2021-10-27 3:13 pm By Miklos Bolza

Investors in collapsed stockbroker Halifax Investment Services have failed to overturn decisions in Australia and New Zealand relating to the date of realisation of their investments which have decreased the amount they can recover in the company’s liquidation.

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Injunction against Facebook doesn’t clash with competition watchdog’s orders, judge says
Social Media 2021-10-27 5:04 pm By Bianca Hrovat

A court has shut down Facebook’s renewed push to cut off Melbourne-based content strategists Sked Social from posting on Instagram on behalf of its clients, with a judge saying the social media giant’s justification for varying the injunction order was “flimsy and possibly strategic”.

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ASIC mulls action against super fund execs for investment switching with insider intel
Financial Services 2021-10-27 8:13 pm By Cindy Cameronne

ASIC has flagged it may take regulatory action against super fund executives and directors for switching personal investment options using insider information.

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Morgan Stanley’s negligence gave financial advisor PTSD, suit claims
Employment 2021-10-27 2:20 pm By Bianca Hrovat

A former Morgan Stanley financial adviser has launched a lawsuit against the investment banking giant, alleging its negligence led to psychological strain so severe it rendered her permanently unfit for her job.

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Ex-Caterpillar employee accused of taking ‘many thousands’ of confidential files
Intellectual Property 2021-10-27 1:55 pm By Bianca Hrovat

Construction equipment giant Caterpillar has accused a former employee of flagrantly copying “many thousands” of confidential files before moving to a rival.

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Crown report points finger at MinterEllison, internal legal team
Legal Ethics 2021-10-26 1:14 pm By Miklos Bolza

MinterEllison and Crown Resort’s internal lawyers were partially at fault for misconduct unearthed in a damning Royal Commission report into the casino operator because they failed to ask whether certain actions were moral as well as legal, the commissioner has found.

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Government hit with climate change class action by Torres Strait Islanders
Class Actions 2021-10-26 9:07 pm By Miklos Bolza

A class action has been filed alleging the Morrison government has a novel duty of care to protect Torres Strait Islanders from the devastating effects of climate change.

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BlueScope general manager ‘not an honest witness’, ACCC tells court
Trials 2021-10-26 9:03 pm By Cindy Cameronne

BlueScope Steel general manager Jason Ellis was not an honest witness and did not express genuine regret when he apologised for obstructing an ACCC investigation, a court hearing the regulator’s price-fixing case was told Tuesday.

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NAB seeks urgent declaration following criminal wage theft case
Employment 2021-10-26 4:38 pm By Bianca Hrovat

The National Australia Bank is seeking an urgent declaration regarding the interpretation of the Fair Work Act, four days after the Wage Inspectorate of Victoria accused it of failing to pay former employees their long service leave entitlements.

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Eastern Health, Royal Women’s targeted in latest junior doctors class action
Gordon Legal 2021-10-26 12:56 pm By Cat Fredenburgh

Eastern Health and the Royal Women’s Hospital have become the latest hospital operators to be stung with a class action alleging they failed to pay junior doctors for unrostered work hours.

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