ASIC has launched court proceedings against Melbourne-based foreign exchange and derivative trader Forex CT alleging it engaged in unconscionable sales tactics that led to hundreds of thousands of dollars in investor losses.
Stepping into his role just as COVID-19 began its rapid spread across the globe, Herbert Smith Freehills’ recently appointed CEO Justin D’Agostino faced what he called a “baptism of fire”.
Queensland politician and mining magnate Clive Palmer has been hit with criminal charges for allegedly using his position as director of Minerology to allow $12 million in transfers for unauthorised purposes, including to support his party’s political ambitions.
The Australian Competition and Consumer Commission has succeeded in its case against Kogan, with a judge finding statements the online retailer made during a 2018 promotion were misleading and drew consumers into the company’s “marketing web”.
Westpac has been hit with a class action over a “shonky” car loan scheme, in what is the first class to be filed in Victoria Supreme Court following passage of a state law allowing lawyers to earn contingency fees.
Underworld figure Mick Gatto has been denied a trial by jury in his defamation proceedings against the ABC, with the judge-only hearing scheduled to start next week.
A subsidiary of US mining giant Cleveland-Cliffs has fought back a second bid to quash its counterclaim for lost profits in a contractual dispute over the lucrative Koolyanobbing iron ore mine, with the Western Australia Court of Appeal saying the claim was not “clearly untenable” as argued.
National law firm Thomson Geer has effectively gutted the Brisbane office of global firm Dentons’, luring five key partners and their teams to beef up its real estate, banking and restructuring practices.
Technology company Bluechiip has engaged lawyers seeking to recover around $5 million allegedly owed by California-based lab equipment manufacturer Labcon, which tore up a $15.9 million contract in the heart of the COVID-19 pandemic.
Victoria’s chief health officer has confirmed that a cluster of COVID-19 cases has been linked to law firm HWL Ebsworth, and has urged people to reconsider working from offices as coronavirus cases surge in the state.
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