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A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
ACCC probes price fixing in NSW waste sector
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The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.
Former director of internet company gets 6 years in jail for fraud
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The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.
Judge hits Geowash with $4.2M penalty for unconscionable conduct against franchisees
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Car wash franchisor Geowash has been ordered to pay $4.2 million in penalties for overcharging franchisees to set up outlets and misleading them about how much revenue they could earn.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
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The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing ‘defective’ product disclosure statements.
Quinn Emanuel lures IP heavyweight from Allens
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US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.
STA Travel makes admissions in ACCC case over hidden fees
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The Australian Competition and Consumer Commission’s case alleging STA Travel hit customers with $1 million in hidden fees and commissions through an add-on that purported to cover the cost of flight changes will go straight to a penalties hearing after the student travel agent made admissions.
Axed Russells lawyer’s feud with former firm heads to trial after failed settlement talks
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A last ditch effort to resolve a case brought by a restructuring and insolvency solicitor against Russells Lawyers over his dismissal has failed and the dispute will head to trial this year, more than three years after he was sacked.
Royal commission class actions keep rolling in, one year after Hayne report
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A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.
Bed Bath N’ Table casual’s shifts were regular enough for unfair dismissal protection, FWC says
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A casual worker at Bed Bath N’ Table worked shifts that were sufficiently regular for her to bring an unfair dismissal claim against the homewares retailer, the Fair Work Commission has ruled.