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The Australian Competition and Consumer Commission is seeking a contempt finding against a former solicitor for defunct vocational trainer Empower Institute over alleged billing practices.
Law firms tell government inquiry they want class closure back
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Judges should be given the power to make class closure orders again, defence law firms have told the latest class action inquiry, which comes on the heels of a landmark appeals court ruling that there is no statutory authority to keep unregistered class members out of a group proceeding.
Ford cars fitted with PowerShift are ‘lemons’, court hears as high-stakes trial revs up
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Tens of thousands of Ford cars which contain an allegedly defective transmission system are “lemons”, a court heard on day one of a six-week hearing in a long-running class action against the car maker.
‘These results are not accidental’: GetSwift saw ASX as ‘cheap way’ to boost share price, ASIC says
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Émails show the directors of logistics company GetSwift took a “deliberate approach” to inflating the company’s share price through a constant supply of positive ASX announcements about new multimillion-dollar contracts, ASIC said on the first day of a highly anticipated five-week trial.
Full Court flushes ACCC appeal of wipes ruling
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The Full Federal Court has thrown out the ACCC’s challenge to a ruling dismissing its case alleging Kimberly-Clark made misleading representations about its flushable wipes.
Correcting the record – litigation funding and returns to group members in funded class actions
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Much of the criticism of the ligitaion funding industry being played out in the media recently is based on misinformation, says Andrew Saker of Omni Bridgeway.
ASIC takes action against Societe Generale for lax handling of client money
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ASIC has slapped an Australian unit of French investment bank Société Générale with additional licence conditions for failing to comply with its obligations for handling client money over a near four-year period.
Judge won’t recuse himself from patent case against Globaltech, Boart Longyear
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A judge has rejected calls by mining tool company Globaltech and driller Boart Longyear to disqualify himself from hearing a patent infringement case against them, despite ruling in an earlier proceeding that the patent was valid and that Globaltech had infringed it.
Class actions not broken, don’t need fixing, inquiry told
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The class action system is working well, and reform that limits access to the regime should be carefully considered, the latest government inquiry has been told by a chorus of experts, including lawyers, academics and Australia’s competition cop. Still, some defence firms say recent moves cracking down on class actions don’t go far enough.
Westpac could face more AUSTRAC claims as child exploitation scandal deepens
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Westpac is facing the possibility of more claims in proceedings brought by AUSTRAC over anti-money laundering breaches, with the regulator seeking information on 272 customers who may have been involved in the exploitation of children.