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A judge has granted wealth manager Ord Minnett’s bid for injunctions preventing a former senior wealth adviser from soliciting its clients.
Qantas abandons China Eastern pact in another capitulation
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Qantas has again conceded defeat in the face of opposition by the ACCC, this time bowing out of a joint coordination agreement with China Eastern Airlines.
ASIC loses case against super trustee Diversa over banned advisor
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A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.
KFC faces potential class action over rest breaks
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A class action investigation has been launched against KFC, which is accused of depriving tens of thousands of workers of ten-minute paid breaks during shifts.
Class action investigation over risky CFDs aimed at broker IC Markets
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Contracts for difference are again the target of a potential class action against an online broker on behalf of inexperienced investors who allegedly lost hundreds of millions of dollars.
White Oak claims insurer owed a novel duty of care in $6B Greensill cases
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Lender White Oak Commercial Finance will bring a novel claim against insurer Bond & Credit Company alleging it owed a duty of care to disclose an investigation into Greensill when it bought securities from the collapsed financier’s German-based bank.
Monsanto loses bid to throw out ‘cut and paste’ expert evidence in Roundup class action
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Monsanto can’t throw out the evidence of an expert for the plaintiff in a class action over its Roundup product who has testified that the company engaged in criminal conduct in trying to bury scientific reports on the popular weed killer’s alleged cancer-causing properties.
Judge to take on Heston Russell costs assessment after reports of $2M in fees
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The judge overseeing ex-commando Heston Russell’s defamation case against the ABC over reporting of alleged war crimes will be involved in assessing his costs after media reports put his lawyers’ fees at $2 million.
Diversity clause in Victorian Bar constitution fails to win the votes
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Barristers in Victoria have voted against changes to the Bar’s constitution to include the promotion of diversity and prevention of discrimination as part of the organisation’s goals.
India can’t avoid $111.3M arbitral award over aerospace investments
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The Indian government has lost its bid to dodge a $111.3 million arbitral award in a dispute with three Mauritian companies that invested in Indian satellites, with a judge finging the country waived its foreign state immunity.