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Ashurst will cut partner and staff salaries by 20 per cent to brace for an anticipated slowdown in the markets where it operates due to the coronavirus pandemic.
ISignthis fights to keep lid on ‘damaging’ ASX findings
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Publication of a document outlining the Australian Stock Exchange’s reasons for suspending the shares of ISignthis would be ‘damaging’ to the fintech company and should be barred until after the trial, a court has heard.
Cruise company settles lawsuit against government over COVID-19 ban
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Cruise company Australian Pacific Touring has settled a lawsuit brought against the Federal Government challenging an order forcing foreign-owned cruise ships out of Australian waters due to health concerns raised by the coronavirus.
ASIC wins injunction against Mayfair 101 promotion language
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A judge has issued a temporary injunction limiting how Mayfair 101 can promote two of its investment products, in proceedings brought by ASIC accusing the investment firm of misleading and deceptive advertising.
‘We must at least try’: Judge says virtual trial will go ahead in Ford class action
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Ford has lost its bid to delay an upcoming virtual trial in a class action over allegedly defective PowerShift transmissions, with a judge saying the parties must try to make a virtual trial work because the current “unsatisfactory” circumstances caused by the coronavirus pandemic could continue for a year or more.
ASIC targets insurer Youi for taking two years to settle hail damage claim
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The Australian Securities and Investments Commission has taken action on another banking royal commission case study, filing court proceedings against insurer Youi for allegedly taking two years to settle a home owner’s hail storm claim.
Payday lender Cigno faces possible predatory lending class action
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Cigno is facing a possible class action over alleged predatory lending practices that were banned by the Australian Securities and Investments Commission last year, one day after losing a courtroom challenge to the ban.
Judge not ready to toss defamation case against Twitter, Google over tweets
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A judge has refused to summarily dismiss a defamation case brought by a government worker against Twitter, Google and Yahoo over racist, homophobic, anti-Muslim and conspiratorial tweets resulting from an alleged identity theft.
New toxic foam class action launched on behalf of 40,000 landowners
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Fresh off the back of a $212.5 million settlement in three class actions over the Defence Department’s use of fire-fighting foam, Shine Laywers has launched another class action over the toxic chemical on behalf of 40,000 residents across Australia.
Coronavirus, bushfires push retailer Aussie Disposals into administration
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Camping goods retailer Aussie Disposals has entered voluntary administration, blaming the summer bushfires and the coronavirus pandemic for its fate.