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A judge has given a competition class action against AGL Energy another chance to secure funding, but imposed a “drop dead date” by which the proceeding will be dismissed if no funder is found.
Online trader Plus500 faces another class action over risky CFDs
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London-headquartered online trader Plus500 has been hit with a second class action by investors who lost money trading in highly leveraged financial products.
Investors lost $500M trading CFDs, new class action alleges
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Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.
ACCC again calls for regulation as digital platforms expand reach
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The Australian Competition and Consumer Commission has again called for new laws to regulate digital platforms as they creep further into the daily lives of Australians through smart home devices and personal cloud storage.
Thomson Geer picks up property team from M+K
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Thomson Geer has raided the property team of competitor M+K, luring a team of six, including two partners.
Bruce Lehrmann admits he bought Brittany Higgins drinks on night of alleged rape
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Former Liberal staffer Bruce Lehrmann has walked back evidence in his defamation trial that he did not buy Brittany Higgins any alcoholic drinks on the night he allegedly raped her, saying he “must have been confused”.
CBA reaches settlement in 7-year-old class action by borrowers
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A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has finally settled, a court has heard.
IP lawyer unfairly terminated for browsing personal websites
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The Fair Work Commission has awarded compensation to an intellectual property lawyer who was unfairly dismissed for browsing personal websites during a period in which he said he was too busy to attend to a client’s patent application.
Settlement offer not inadmissible in case against law firm, judge says
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A judge has ruled that a settlement offer made in a case can be adduced into evidence in a construction company’s suit against its former lawyers, finding that the offer was not covered by without penalty privilege.
ACCC accuses online training provider of misleading consumers
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The competition regulator has taken training provider Express Online Training to court for allegedly misleading consumers by promising they would only be charged for their online courses upon completion and that the courses could be finished in one day.