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The Australian provider of the Kraken crypto exchange has told a court that its margin trading product is not a credit facility, rejecting the corporate regulator’s “overly broad” definition of the word ‘credit’.
Westpac settles suppressed case by former exec, wants court docket to stay top secret
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Despite arguing for suppression as a means only to successful mediation, Westpac now wants a settled employment case brought by an executive kept under lock and key. And in a worrying sign the Federal Court may have lost sight of the importance of open justice, a judge has indicated she would entertain an order that the suit never see the light of day.
Racial discrimination class action against NT Government to be dropped
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The lead applicants are seeking to drop a class action against the Northern Territory government over its alleged failure to properly fund essential health services and interpreting services in remote Indigenous communities.
‘Extreme’ unfairness: Former NAAJA chief executive wins unfair dismissal case
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The former chief executive officer of the North Australian Aboriginal Justice Agency has won her case alleging she was unfairly dismissed after complaining about the CFO, with a judge finding there was “extreme” unfairness in the decision to terminate.
Origin Energy taken to court by energy regulator over life support breaches
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The Australian Energy Regulator has filed proceedings against several units of Origin Energy, after they admitted to breaching life support obligations for 5,000 customers over three years, including deregistering or disconnecting premises where someone was receiving life support.
HWL Ebsworth hit with representative OAIC complaint over data breach
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Law firm HWL Ebsworth is facing a representative complaint filed with the Office of the Australian Information Commissioner over a 2023 cyber attack, which allegedly compromised the data of 65 government agencies and affected NDIS participants.
Axsesstoday investor class action reaches settlement with PwC
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A class action on behalf of Axsesstoday bondholders has reached a settlement with accountants PricewaterhouseCoopers, with a court hearing that group members will get almost 50 per cent of the proceeds.
Apple decries Epic Games’ attempted ‘freeriding’ in competition case over lucrative app stores
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In a landmark competition case, Apple has told the Federal Court that Epic Games and other developers should not be allowed to “freeride” on the resources and user base the tech giant has “spent many billions” to develop.
Ferratum hit with $16M penalty for overcharging vulnerable customers during pandemic
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Defunct microloan company Ferratum has been hit with $16 million in penalties for overcharging low-income consumers during the height of the COVID-19 pandemic, with a judge noting the company’s conduct affected a large number of vulnerable customers.
Ord Minnett challenges ruling on wealth advisor’s wage entitlements
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Stockbroking firm Ord Minnett has challenged a judgment that found it must pay years of wages and other entitlements to a wealth adviser who was only remunerated by commission payments, a decision that could have major repercussions through the industry.