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The Bank of Queensland has reached a settlement close to trial in a class action brought by investors in a multi-million dollar Ponzi scheme masterminded by jailed scammer Bradley Sherwin.
Judge slams CFMEU’s ‘deplorable record’ of law breaking
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The CFMEU has a “deplorable record” of breaking industrial legislation, a Federal Court judge said Monday as it slapped the union and a Victorian delegate with a $105,000 fine for enforcing a closed union construction site in Melbourne.
Media giants want in on appeal of $4.5M Rebel Wilson award
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Australia’s biggest media companies want to lend their weight to an appeal by Bauer Media of a historic $4.5 million award handed to actor Rebel Wilson last year in a defamation case.
IP Australia grounds coffee pod patent
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Australian company Vittoria Food & Beverage has won its challenge to a patent application for a coffee pod system filed by a unit of global food giant Mondelez International.
High Court to decide if pensions count as lost earnings
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The High Court of Australia will tackle the question of whether injured plaintiffs in tort cases are entitled to damages for the future loss of superannuation and the age pension.
Australian litigation funder values caseload at $4.7B
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It might be in the glare of a government inquiry, but business is booming for Australian litigation backer IMF Bentham, which values its current caseload at $4.7 billion.
ASIC bans life insurance adviser for 5 years
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The Australian Securities and Investments Commission has banned a financial adviser for five years for failing to act in his clients’ best interests, the second action taken by the corporate regulator through a project that uses data to target bad life insurance advisers.
Unions can’t ground review of airport workers’ split shifts
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In a win for aviation services company Aerocare, a court on Friday ruled the company’s bid for review of its controversial split-shift rosters was not an abuse of process as two unions had argued.
Westpac faces new claim in life insurance class action
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Westpac was responsible for the conduct of its in-house financial planner, who allegedly overcharged the bank’s own customers with excess premiums on life insurance, class action lawyers have told a court.
Amaca can’t get indemnity costs over asbestos settlement
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A judge has rejected Amaca’s bid for indemnity costs in a case over contributions to an asbestos class action settlement, but he did not rule on the company’s novel argument that a settlement resulting from mediation could count as the outcome of litigation in awarding costs.