In win for ASIC, court finds rent-to-own leases were credit agreements

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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me A court has held that a “nuanced” business model used by a rental company providing long-term leases to often vulnerable consumer for household items breached the Credit Act, finding the loan agreements were in substance credit contracts. Federal Court Justice Lisa…

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Christie Whelan Browne resolves suit against Rocky Horror theatre company

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Actor Christie Whelan Browne has resolved a lawsuit against theatre company Oldfield Entertainment alleging it violating the Sex Discrimination Act by subjecting her to sexual discrimination and harassment by fellow cast member Craig McLachlan during its 2014 production of the Rocky Horror Show.

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ASIC says Paladin director can’t rely on penalty privilege

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The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.

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Michael Hill wins appeal in $2.3M spat with packaging supplier

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Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier. 

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Sleeping Duck shareholder rejected $4M settlement in failed oppression suit

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A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.

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Whitehaven Coal shareholders ‘trapped’ after 2012 acquisition, class action trial told

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Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.

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Gilbert + Tobin loses Toyota, Jaguar class actions after partner jumps ship

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A disputes partner has departed Gilbert + Tobin, taking with him two high-stakes class actions against Toyota and Jaguar over alleged diesel filter defects and the firm says it will not focus on bringing more class actions.

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CFMEU files High Court challenge to ‘unconstitutional’ administration

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A leading industrial and employment firm has mounted a High Court challenge to the CFMEU administration on behalf of two of the union’s former leaders, who argue the legislation that facilitated the administration was unconstitutional. 

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Judge rejects NAB’s bid for class closure in Walton class action

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The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.

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Ord Minnett lobs cross-claim against former executive

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Wealth investment firm Ord Minnett has filed a cross-claim arguing a former executive who claims he was sacked for complaining about a $110,000 cut in his pay imposed after ASIC slapped the firm with a penalty for breaching market rules.

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