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The Australian Securities and Investments Commission has secured a third guilty plea stemming from its investigation into a $180 million Ponzi scheme run by the Courteney House group of companies.
Aussie Broadband challenges Superloop sell order amid takeover fight
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Aussie Broadband is seeking to set aside a notice from the board of internet service provider Superloop directing it to sell down its 19.9 shareholding in the company, arguing the sell order was made for an improper purpose amid a “contested takeover battle” between the companies.
WA biotech hit with $1.8M penalty for misleading market during pandemic
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A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales of its natural sanitiser product during the height of the COVID-19 pandemic, and hit its CEO with a four-year ban.
King & Wood Mallesons settles negligence lawsuit by Halifax
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King & Wood Mallesons has settled a lawsuit by defunct stockbroker Halifax Investment Services alleging the firm and former auditor Bentleys failed to advise that it had to hold client funds used to trade on its online platform on trust.
Google chokes Play Store competition with technical restraints, Fortnite maker tells court
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Google is nearing “monopoly levels” with its exploitation of the Android brand to prevent other app stores from competing with its Play Store, the maker of the Fortnite video game has said in a landmark competition trial.
Class actions leaped to near-record level in 2023: report
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Driven by competing proceedings, class action filings surged back in 2023, making it the second busiest year for filings ever, according to a new report by law firm Allens.
HWL Ebsworth managing partner Juan Martinez dies suddenly
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Juan Martinez, managing partner of Australia’s largest firm by partner count, died suddenly on Monday from a “medical issue”.
Liquidators may have $43M in claims against Blockchain exec, judge says
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A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him.
McCullough Robertson dodges indemnity costs in spat with client over $237,000 bill
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McCullough Robertson has avoided a client’s bid for indemnity costs despite a judge’s finding the law firm waited an “inordinate” amount of time to withdraw a statutory demand for payment of a $237,000 legal bill.
No loss to Bordeaux wine producer from Tassie pinot noir bottle’s misleading appearance: court
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The maker of Tasmanian pinot noir label New Certan breached the consumer laws in bottling its product in a way that resembled the packaging of a fancy French drop, but the premium wine producer failed to prove any loss, a court has ruled.