Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.
General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker’s decision to pull the iconic brand in Australia.
The High Court has granted Google special leave to challenge a $40,000 defamation judgment awarded to gangland lawyer George Defteros, with the search giant arguing it should not be held liable for a “mere hyperlink” to an article.
Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.
Gilbert + Tobin senior partner Gina Cass-Gottlieb has been nominated to become the first female chair of the Australian Competition and Consumer Commission.
The liquidators of Mayfair’s failed IPO Wealth Holdings have won their bid to question the fund’s former director, James Mawhinney, for the eighth time over assets that could provide “significant potential recoveries” for shareholders.
A former employee of Sydney Water, who was featured in a “humiliating” workplace safety poster alongside the words ‘feel great – lubricate’, has won her bid to pursue an unlawful termination claim.
A judge has recused himself from hearing a dispute over the alleged infringement of the copyright for the disco classic ‘Love Is In the Air’ on the eve of a damages hearing.
Nine Network has been hit with a class action by Indigenous Australians who say the broadcaster’s coverage of a $30 million class action settlement being “rorted” by Palm Islanders was discriminatory and inaccurate.
A class action against Irish insurer Zurich Insurance Plc by unit owners of the defective New Zealand-based Victopia Apartments can proceed in Australia after the NSW Supreme Court ruled the case could not be filed elsewhere.