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Wealth manager IOOF is facing a shareholder class action alleging it failed to tell investors that misconduct aired at the Banking Royal Commission would put it in the crosshairs of Australia’s financial regulator.
Fairfax fights $280,000 ruling in Chau Chak Wing defamation case
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Fairfax Media is challenging a ruling ordering it to pay $280,000 in damages to Chau Chak Wing for an allegedly defamatory article that appeared in the Sydney Morning Herald linking the wealthy Chinese-Australian businessman to an international bribery scandal.
Judges back US-style class action standstill to deal with competing cases
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A proposed 90-day standstill that gives law firms time to file competing class actions without rushing to court has garnered support from multiple Federal Court judges, and could be adopted as part of new protocols being considered, one judge said Friday.
Viva Energy fined $100,000 for polluting Sydney Harbour in NYE oil spill
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Viva Energy has been convicted and fined $100,000 for polluting Sydney Harbour after a marine fuel oil spill from a corroded pipe at the company’s Gore Bay terminal on New Year’s Eve three years ago.
CFMMEU to go another round with One Key Workforce liquidators over $1M in wages
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The Construction, Forestry, Maritime, Mining and Energy Union has appealed a ruling granting $1 million to the liquidators of failure labour hire company One Key Workforce that the union claimed was owed to its members.
Internet provider Activ8me fined $250,000 for misleading customers
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A court has ordered internet provider Activ8me to pay $250,000 in penalties for making false and misleading claims about the performance of its internet services, the consumer watchdog said Friday.
Financial adviser gets 10 years for using clients’ funds ‘as he pleased’
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A former financial advised has been sentenced to 10 years in prison for doing ‘as he pleased’ with $5 million in client funds that were earmarked for superannuation investments.
Appeals court tosses challenge to Allianz Stadium demolition
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A Sydney community group has lost a last-minute challenge to the demolition of Allianz Stadium, with the Court of Appeal throwing the case out in a unanimous decision.
Harry Triguboff’s Meriton sues NSW premier over Macquarie Park tower
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Billionaire property developer Harry Triguboff is taking NSW Premier Gladys Berejiklian to court in his fight for approval of a controversial tower in Macquarie Park, Sydney.
Queensland floods class action defendants must live with their decision on expert reports, judge says
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The judge overseeing the marathon Queensland floods class action has shot down a request by the defendants to submit new expert flood modeling reports, saying the “sophisticated litigants” would have to live with their earlier decision to pass on the chance to submit evidence in response to new reports by the plaintiff’s expert.