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New Zealand should regulate class actions, allow CFOs: report
The New Zealand law commission has called on the government to implement a class action regime that would allow funders to seek the equivalent of a common fund order to “improve access to justice and efficiency in litigation".
ASIC triumphs in appeal against payday lenders Cigno, BHF
ASIC has won an appeal of a judge’s decision that found Gold Coast-based payday lenders Cigno and BHF did not need a licence to issue loans to hundreds of thousands of consumers.
Law firm fends off appeal in spat with ex-client over $24.5M development
Rigby Cooke has prevailed in an appeal by a former client that challenged a ruling for the law firm over a $24.5 million East Melbourne development.
Former Sigma Healthcare exec gets 14 months for insider trading
A former Sigma Healthcare executive has been sentenced to a suspended term of 14 months' in prison after pleading guilty to trading on insider information.
Nuix ex-CEO not entitled to ‘special treatment’, trial judge told
The former boss of embattled tech company Nuix is asking for “special treatment” by arguing he is owed $183 million in options under a 2008 agreement, a judge has heard on the first day of trial in the ex-CEO's case.
Law firm went ‘far beyond permissible scope’ of involvement in expert report, court says
The conduct of Corrs Chambers Westgarth in the preparation of an ostensibly independent expert report in a trade secrets case "must not be repeated", a judge has said, throwing out the expert's evidence as potentially tainted by the law firm's involvement.
Google must pay indemnity costs for ‘untenable defences’ in Barilaro defamation case
A judge has ordered that Google pay indemnity costs to former deputy premier of NSW John Barilaro, in addition to $7150,000 in damages over a “relentless, racist, vilificatory, abusive and defamatory campaign” by YouTube commentator Jordan Shanks that the tech giant “did nothing” to stop.
FWC upholds ‘tragic’ sacking of Qantas engineer who refused COVID-19 vaccine
Qantas' termination of a long-serving engineer who refused to get vaccinated against COVID-19 because he "feared for his life" was a "tragedy" but not unlawful, the Fair Work Commission has found.
Appeal lodged in class action by cruise voyagers forced to take the bus
Cruise operator Scenic Tours is appealing a courtroom loss that could see it owing $25 million in damages in a class action by travelers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city due to heavy rain and high water levels.
Merricks Capital secures undertakings from defecting employees
Melbourne-based hard assets investment manager Merricks Capital has won undertakings from its ex-managing director and two former employees who defected to an investment boutique run by financial commentator Peter Switzer and his son Marty.