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Fifteen former long-time financial advisers of Macquarie Bank have sued the bank, alleging they’re owed $2.6 million in wages after the bank paid them solely in commissions when they were entitled to a regular wage.
LiveTiles CEO’s company must pay brother’s legal bill
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A judge has ordered legal tech entrepreneur Karl Redenbach’s company to foot the legal bill of his brother and nSynergy co-founder, Keith Redenbach, after a court gave the green light to a derivative suit alleging Karl diverted tens of millions of dollars in nSynergy’s assets, including software company LiveTiles.
Funder can’t stop Banksia class member from appealing $64M settlement
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The litigation funder underwriting a class action over the collapse of Banksia Securities lost its bid Thursday to block a group member from challenging a $64 million settlement in the case.
Battle over manuka honey IP rights continues
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The Australian Manuka Honey Association has introduced a new standard for verifying authentic, Australian manuka honey, as the group continues its battle with New Zealand over intellectual property rights to the expensive superfood.
AMP has fight on hands over bid to move class actions
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AMP will begin its push on Friday to move competing Federal Court class actions to the NSW Supreme Court, but the company will face fierce opposition.
NAB adviser who impersonated clients banned by ASIC
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ASIC has permanently banned a former NAB adviser from providing financial services after an investigation found he impersonated clients in order to get access to client funds that he transferred into sham bank accounts.
Uber patent invalidates Precision GPS tech, Domino’s says
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Two GPS tracking patents at the heart of a David vs. Goliath battle between Domino’s and a Sydney-based startup were foreshadowed by a patent owned by Uber, the pizza chain giant told a court Friday.
Elite legal teams to defend ANZ criminal cartel case
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As the ACCC’s criminal cartel case against ANZ, Citigroup and Deutsche Bank gets underway, the regulator will face off against a formidable team of lawyers with extensive experience in defending competition matters.
Corrs Chambers fights ruling that hit pause on GetSwift class action
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Law firm Corrs Chambers Westgarth is following in the footsteps of Squire Patton Boggs, with both now challenging a ruling that halted their shareholder class actions against logistics startup GetSwift.
Judge ‘suspicious’ of VW motive for killing Bannister class actions
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A judge overseeing five Dieselgate class actions against Volkswagen questioned on Wednesday the car giant’s claim that it wanted to close down two of the cases — run by Bannister Law — for the benefit of group members.