Most Recent
Ex-Freedom Foods GC strikes back at serious misconduct claims
Employment 2021-02-10 6:37 pm By Spencer Fowler Steen

A former Freedom Foods group general counsel is seeking aggravated damages from the food and beverage manufacturer for claiming in court filings that she was fired for serious misconduct.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Former Linchpin boss gets legal aid while waiting on insurers in ‘chaotic’ London
Restructuring & Insolvency 2021-02-10 4:43 pm By Christine Caulfield

London is in a “complete state of chaos” and no amount of pressing by law firm Moray & Agnew has produced an answer from underwriters about the extent of his insurance coverage, former Linchpin Capital Group CEO Peter Daly has said in a three-paragraph defence to disqualification proceedings by the corporate regulator.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Westpac fires back in class action, says car loan borrowers could have shopped around
Financial Services 2021-02-09 4:26 pm By Spencer Fowler Steen

Westpac has hit back at a class action accusing it of colluding with car dealers on a “shonky” car loan scheme that allowed them to hike up interest rates to earn higher commissions, saying consumers could have shopped around for a better deal.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Completely futile’: ASIC resists mediation push from judge concerned about cost of IOOF trial
Financial Services 2021-02-08 12:25 pm By Spencer Fowler Steen

A judge has ordered ASIC to enter mediation before heading into a “very expensive” trial with an IOOF subsidiary accused of giving shonky advice, over objections from the regulator that mediation would be “completely futile”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge OKs $9.5M McMillan Shakespeare settlement despite funder, lawyers taking bulk
Class Actions 2021-02-05 5:29 pm By Spencer Fowler Steen

A judge has approved a $9.5 million settlement in a class action against McMillan Shakespeare as fair and reasonable, allowing a common fund order and a nearly 30 percent commission for the litigation funder despite previously raising “real concerns” about the small portion flowing to group members.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court rejects Westpac’s ‘gloss’ on financial product advice statute
High Court 2021-02-03 10:51 am By Christine Caulfield

The High Court has dismissed an appeal by Westpac challenging a ruling that found the bank breached its duties to customers by providing personal financial advice as part of a telephone campaign encouraging customers to roll over external superannuation accounts.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Funder likens itself to pinata in hearing over $9.5M class action settlement
Class Actions 2021-02-01 7:15 pm By Spencer Fowler Steen

The funder behind a class action against McMillan Shakespeare has warned against the court beating it up like a ‘pinata’ in a settlement approval hearing in which the judge expressed “real concerns” about the portion of a $9.5 million settlement earmarked for group members.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC secures court order to wind up Mayfair 101 unit
Restructuring & Insolvency 2021-01-29 10:07 pm By Christine Caulfield

A judge has ordered the winding up of M101 Nominees, the issuer of $67 million in notes promoted by James Mawhinney’s failed Mayfair 101, which is alleged to owe investors over $211 million.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court set to deliver judgment in Westpac’s appeal of personal advice ruling
High Court 2021-01-29 3:49 pm By Miklos Bolza

The High Court will hand down its ruling Wednesday in a high-stakes case between ASIC and Westpac that is expected to clarify the line between personal and general financial advice.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC chair James Shipton to step down despite being cleared in relocation expenses review
ASIC 2021-01-29 3:15 pm By Miklos Bolza

ASIC chair James Shipton will step down from his role despite being cleared by an independent review into $118,000 in payments related to his relocation from the US in 2018.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?