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A law firm has commenced an investigation into a potential class action against the Victorian government on behalf of survivors of historical child sexual abuse at government schools.
‘Diamond Joe’ Gutnick cops 4-year ban after failure of three companies
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ASIC has banned mining magnate Joseph ‘Diamond Joe’ Gutnick from managing corporations for four years because of his involvement in three companies that went under owing at least $43 million to creditors.
Scyne has ‘grave concern’ about defecting partner setting up competing business, court told
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Government consulting firm Scyne Advisory has argued it is entitled to enforce a non-compete clause to stop a partner from jumping to competitor Downer EDI, citing concerns she will be setting up a competing business.
‘It’s as if court dates just grow on trees’: Judge slams parties in cosmetic surgery class action
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A judge has railed against the parties in a class action against Sydney-based plastic surgeon Daniel Lanzer and four of his associates for “repeated failure to comply with court orders” in the two-year-old case.
‘A Pyrrhic victory’: Class action up for Worley’s costs after failing to prove loss
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Despite succeeding on a number of claims, the applicant in a tortuous shareholder class action against Worley must foot the engineering services company’s bill for defending two trials.
Recruitment agency Hays settles employment class action
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Labour hire company Hays Specialist Recruitment has agreed to pay up to $1.325 million to settle an employment class action on behalf of coal miners that has been on foot for five years.
AUSTRAC opens money laundering investigation into Bet365
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Financial crimes regulator AUSTRAC has launched an enforcement investigation into British online betting company Bet365, after receiving an audit report on the company’s compliance with anti-money laundering and counter-terrorism financing laws.
ACCC to take on misleading influencers, in-app purchases
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The ACCC will attempt to make online shopping less treacherous for consumers this year, vowing to take enforcement action against misleading influencers, online reviews, in-app purchases and price comparison sites.
Telstra wins appeal of ruling putting it on hook for telemarketing firm’s ‘catastrophic crashes’
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Telstra has successfully appealed a decision holding it liable for a $2.6 million telecommunications bungle at a Melbourne-based telemarketing business, with a judge finding it was entitled to rely on the expertise of business partner Kyrtec.
ASX pays $1.05M fine for ‘careless’ pre-trade transparency failure
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ASX Limited has paid a $1,050,000 fine after the corporate regulator pinged it with an infringement notice for failing to comply with market integrity rules — a first against the market operator.