Bruce Lehrmann won’t recall Brittany Higgins over recorded chat between lawyer, fiancé

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Bruce Lehrmann will not call Brittany Higgins back to the witness box in his defamation trial against Network Ten and journalist Lisa Wilksinon to give evidence on a secret recording of a conversation between her fiancé and solicitor.

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Honda cops $6M penalty for misleading customers about dealerships

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Honda Australia has been hit with a $6 million penalty for misleading communications made to customers of three dealerships during a restructuring in which the car maker’s shuttered its independent dealer network in favour of an agency model.

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Virgin bondholders say indemnity unlawfully holding up class action

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An investor class action against Virgin Australia has mounted a new challenge to a contentious indemnity clause, which the airline claims entitles it to receive periodic payments for its legal costs in defending the claims.

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ACCC blocks ACL’s proposed $1.5B Healius takeover, as offer taken off table

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Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.

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ASIC takes stockbroker Adam Blumenthal to court for alleged market rigging, breaches of duty

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The corporate regulator has brought proceedings against EverBlu Capital and Creso Pharma director Adam Blumenthal, alleging market rigging and breaches of duty, and has accepted an undertaking by the stockbroker that he will quit his involvement in financial services for the next five years.

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Jan Cameron found guilty of failing to disclose interest in Bellamy’s

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Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company. 

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Judge in Lehrmann case wants to see Lisa Wilkinson’s legal advice on Logies speech

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A judge overseeing the trial in Bruce Lehrmann’s defamation case against Ten and journalist Lisa Wilkinson has asked to see the legal advice Wilkinson received before giving her Logies acceptance speech last year, saying it was “inconceivable” any lawyer would have approved it.

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Airbnb should pay $30M over misleading accommodation prices, ACCC says

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The consumer watchdog has asked a court to impose a $15 million penalty against Airbnb in addition to a $15 million consumer redress scheme, in a case alleging the vacation rental giant misled Australian consumers by displaying prices in  US dollars. 

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ANZ appeals disclosure breach finding over $2.5B share placement

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ANZ will appeal a ruling that it breached its continuous disclosure obligations when it failed to inform the ASX of a bailout by the underwriters of a 2015 institutional share placement.

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