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IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.
Blue Sky director points finger at EY in shareholder class action
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A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.
Commercial barrister appointed to Victoria Supreme Court
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A commercial barrister with expertise in insolvency law has been appointed as an associate judge of the Supreme Court of Victoria.
William Roberts snags Omni Bridgeway APAC head to grow litigation team
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Boutique law firm William Roberts has lured Omni Bridgeway’s former managing director for Asia Pacific to grow its litigation team.
Dixon Advisory class action loses novel bid for docs to use in mediation
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A judge has refused a lead applicant’s novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.
Dell cops $10M penalty for misleading customers about discounts
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Dell Australia has been ordered to pay a $10 million penalty for making false and misleading representations about the discount prices of add-on computer monitors.
Telstra, TPG give up fight over $1.8B network sharing deal
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Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC’s rejection of their proposed regional network sharing agreement.
Block’s point-of-sale invention not patentable, IP Australia says
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IP Australia has rejected US fintech Block’s bid to patent a method for adjusting animations to enable a large volume of point of sale applications, finding the invention was a mere scheme that did not meet the manner of manufacture test for patentability.
In-house lawyer can’t rep WA company in proceedings against defamation lawyers
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An in-house lawyer is barred from representing his employer in proceedings against a law firm after a judge found it breached rules in Western Australia that require corporate litigants to be represented by solicitors.
Silk’s case against Telstra over loss of chambers’ phone numbers discontinued
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A senior barrister’s case alleging Telstra falsely promised he could keep his chambers’ phone numbers when switching to the NBN has been discontinued.