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The former CEO of Radio Rentals, James Marshall, has been dragged into a consumer class action alleging he knew the home goods rental company pushed misleading leases onto vulnerable consumers.
Ex-Liberal MP can’t get names of News Corp sources behind leaked erotic lit
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A judge overseeing former Liberal politician Dennis Jensen’s defamation case against News Corp has denied him access to the identity of anonymous sources who leaked information to the publisher, including erotic passages from his unpublished novel, which led to him being dumped from the party.
ASIC flags new rules for simpler super fee disclosures
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The corporate watchdog has released proposed reforms to fees and costs disclosure requirements for superannuation and managed investment schemes, and the rules would require disclosures that “simplify” how information is presented to consumers.
JP Morgan wins bid to keep ANZ probe docs confidential
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JP Morgan, the reported whistleblower behind a criminal cartel case against ANZ, Deutsche Bank and Citigroup over a $2.5 billion share placement, has won its bid to keep documents from a related ASIC probe confidential.
Judge questions Gadens’ cost disclosures in fee spat with client
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A judge has allowed an assessment of Gadens’ legal costs in a dispute with a client over $665,000 in fees, saying while the application had been filed out of time, the law firm seemed to have done “little by way of compliance” with its costs disclosure obligations.
In ASIC suit, Dover Financial says ‘client protection policy’ caused no harm
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Defunct financial adviser Dover Financial is seeking evidence to bolster its argument that no clients were harmed by a liability waiver that’s at the centre of a lawsuit by the Australian Securities and Investments Commission.
Clipsal copycat seller gets more time to pay contempt fine in trade mark case
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A man charged with contempt of court for failing to hand over infringing products in a trade mark case won by electrical goods manufacturer Clipsal Australia gets six more months to pay his outstanding fine, or he goes to jail.
Octaviar investors, class action funder dodge indemnity costs
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The investor behind a failed class action against the Public Trustee of Queensland over the collapse of Octaviar Group has escaped a bid by the Trustee for maximum costs, with a judge ruling the case was not a “nakedly speculative venture” by the funder.
ACCC weighs divestiture proposal in Bingo’s Dial-a-Dump acquisition
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The Australian Competition & Consumer Commission is considering whether a divestment offer by waste management company Bingo Industries will address concerns the regulator has raised about the company’s proposed acquisition of Dial-a-Dump Industries.
Class action cases and trends to watch in 2019
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A challenge to the legality of common fund orders, an appeal to the High Court over the power of judges to stay competing cases, one of the first judgments in a shareholder class action and reform proposals promise to make 2019 another action-packed year in class actions. Here, experts give their predictions for the class action landscape this year.