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Three former executives of failed Gold Coast finance company MFS Group have lost their challenge to a ruling that they misappropriated $147.5 million in funds prior to the company’s collapse.
Hytera ordered to hand over ‘stolen’ Motorola code
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Hytera Communications has been ordered to hand over source code that Motorola Solutions claims was stolen by three employees who jumped ship between the companies.
Leyonhjelm wants details on Sarah Hanson-Young’s sex life
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Liberal Democrat senator David Leyonhjelm, who is facing a defamation lawsuit by Greens senator Sarah Hanson-Young, is planning to compel Hanson-Young to describe her sexual relations with men.
ACCC gets $35M boost to take on cartels
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The government has given the ACCC a $35 million shot in the arm to bring more criminal cartel cases and investigate anti-competitive conduct.
Bellamy’s ‘very ambitious’ in bid for $4.5M cost cap, judge says
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A judge looked dimly Monday on a pitch by baby food maker Bellamy’s to limit to $4.5 million the costs incurred by the law firms leading joint class actions against the company, saying the request was “very ambitious”.
High Court to hear mortgage aggregator share transfer dispute
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The High Court has granted special leave to mortgage aggregator Connective in a dispute between the firm’s founder and major shareholders over a transfer of one-third of the company’s shares, in a case that could clarify whether litigation should be considered a prohibited form of financial assistance under the Corporations Act.
Battle over competing GetSwift class actions goes to High Court
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Law firm Squire Patton Boggs is taking a fight over a ruling that shut down its shareholder class action against logistics startup GetSwift to the High Court.
Judge spurs ASIC to mediate in NAB fees for no service case
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A judge has pushed the Australian Securities and Investments Commission into mediation with two NAB wealth management units in its case over $100 million in fees for no service, despite the regulator’s contention that mediation is not the best way to move the case forward.
Jetstar agrees to $1.95M penalty over misleading refunds policy
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Jetstar Airways has agreed to pay a $1.95 million penalty and admitted to making false and misleading representations about customer eligibility for refunds on cancelled flights, in breach of the Australian Consumer Law.
ASIC sues AMP, Clayton Utz over fees for no service report docs
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The Australian Securities and Investments Commission has instituted new proceedings against AMP and its law firm Clayton Utz seeking documents related to the fees for no service investigation the law firm conducted for the wealth manager.