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A Perth-based forex trader that allegedly failed to return investors’ funds or any profits made on trading has taken no steps in the undefended class action, a court has heard.
Massage parlour that threatened to kill underpaid workers’ families hit with $1M penalty
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A Canberra massage parlour that systematically underpaid, intimidated and exploited migrant workers, including by threatening to kill their family members if they complained, has been hit with a $1 million penalty.
AlphaThorn investment manager pleads guilty to forging performance reports
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A former AlphaThorn investment manager has pleaded guilty to charges of forging performance reports for two products to woo potential investors.
Failed cases against CBA won’t be final word on shareholder class actions
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The score in shareholder class actions taken to trial now stands at a dismal 0-5 after a judge tossed class actions against the Commonwealth Bank of Australia on Friday. But don’t expect funders to throw in the towel until the High Court or an intermediate appellate authority has its say, experts told Lawyerly.
CBA defeats shareholder class actions over money laundering disclosures
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Two class actions have failed to convince a judge that the Commonwealth Bank of Australia’s money laundering compliance failure which led to a $700 million penalty was “law breaking on a grand scale” that should have been disclosed to the market, the latest shareholder case to flop after being taken to trial.
Omni Bridgeway to take $2.1M hit from loss in CBA class actions
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Omni Bridgeway will book a smaller-than-expected loss from its investment in failed shareholder class actions against the Commonwealth Bank of Australia that it spent close to $10 million on, having curbed its exposure by selling a stake in the group proceedings.
I did not commit fraud: Disgraced Banksia silk says he was denied natural justice
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He was struck from the roll for his part in the darkest chapter of Victoria’s legal history, but that hasn’t stopped Banksia class action silk Norman O’Bryan from representing himself in an appeals court challenge to what he claims was a denial of procedural fairness and a false finding of fraud.
Slater & Gordon gets OK to have separate counsel at GCO settlement approval hearing
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Slater & Gordon has won the court’s nod to be separately represented at an upcoming settlement approval hearing where it will seek a $12.8 million group costs order for running a shareholder class action against G8 Education.
Ten wins indemnity costs against Bruce Lehrmann for successful truth defence
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Network Ten has largely succeeded in its bid for indemnity costs against Bruce Lehrmann for his failed defamation case over allegations he raped former colleague Brittany Higgins in Parliament House, allegations the broadcaster proved at trial were true.
Judge worries about making court orders ‘object of ridicule’ in X case over stabbing videos
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A judge has expressed concerns that issuing a further injunction against X Corp in proceedings by the eSafety Commissioner seeking the removal of posts that depict a stabbing at a Sydney church would make the court’s orders an “object of ridicule” since the social media company cannot be forced to comply.