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Accounting firm Findex has lost an appeal of a court’s judgment tossing its case against a former financial advisor, despite the court finding he had poached the company’s clients and caused $742,000 in losses.
Banksia funder Mark Elliott’s ‘practice’ of deleting emails doesn’t gel, court told
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A routine practice by the funder behind the scandal-ridden Banksia class action of deleting emails, documented in a letter by his solicitors just days before his death, isn’t consistent with the electronic record maintained in another class action in which he was involved, a court overseeing a trial in the case has heard.
Court approves one of the first video opt out notices in a class action
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The Federal Court has approved what is thought to be only the second ever audio-visual opt out notice in a class action, a move that will make it easier for group members to find out about class actions they may be eligible for.
Sigma general manager charged with insider trading
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A former general manager of Sigma Healthcare is facing up to twenty years in prison after being charged with two counts of insider trading.
Boston Scientific faces possible pelvic mesh class action
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A Sydney-based law firm is conducting a class action investigation into medical device manufacturer Boston Scientific’s pelvic mesh products, adding to the growing list of companies facing lawsuit by women who claim they experienced pain and other adverse symptoms due to the implants.
Westpac settles US class actions over BBSW trading, money laundering disclosures
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Westpac has reached settlements in two separate US class actions over the bank’s trading activity in the bank bill swap rate market and disclosures in relation to its compliance with Australia’s anti-money laundering and counter-terrorism financing laws.
Pitcher Partners’ bid for indemnity costs from class action gets poor reception
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A judge has expressed skepticism at claims by accounting firm Pitcher Partners that the lead applicant of a now dropped class action over its auditing advice to Slater & Gordon should be hit with indemnity costs for discontinuing the case.
ACCC appeals loss in Employsure case over Google ads, keywords
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The ACCC has lodged an appeal after a judge threw out its case against Employsure alleging the specialist workplace relations consultancy duped small businesses into signing long-term contracts via several Google ads that promised free workplace advice which appeared to be government-affiliated.
Judge slams ASIC’s case against Worrells partner
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A judge has set aside the pleadings in ASIC’s case accusing a Worrells liquidator of aiding and abetting the illegal phoenix activity of collapsed Queensland property investment advisor Members Alliance Group, saying he is entitled to a “coherent pleading”.
Judge ‘troubled’ by firm’s bid to add client’s brother-in-law to $745,000 fee spat
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A judge has criticised a law firm that is suing its former client, Melbourne cafe Barfly’s, for $745,000 in legal fees after the firm sought to join the brother-in-law of Barfly’s owner Tony Hachem to the case.