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The Australian Securities and Investments Commission has won its case against Finnish microloan company Ferratum alleging it overcharged vulnerable, low-income consumers during the height of the COVID-19 pandemic.
Law firm expenses ballooning as productivity drops
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Law firms are facing a historic growth in expenses, despite lawyers becoming notably less productive, according to a new report on the legal industry.
Hall & Wilcox grows by 30 with McMahon Clarke takeover
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Aiming to become the “undisputed market leader” in investment funds, Hall & Wilcox has brought on the team at boutique law firm McMahon Clarke.
Shareholder seeks books from class action firm Adero Law
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A shareholder in Adero Law has brought proceedings seeking access to the law firm’s books and records for the period in which the firm was running numerous underpayment group proceedings.
Feuding light rail class action solicitors must ‘put pride aside’ and work together, judge says
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Two law firms that have been jointly running a class action against the NSW government over light rail construction in Sydney are now competing to run the case solo, after their relationship broke down and the funder lost confidence in one of the firms, a court has heard.
Law firms to team up in shareholder class action against Medibank
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A judge has approved a bid to consolidate two shareholder class actions against Medibank over a cyberattack that affected 10 million customers, finding that having two firms on the record is better than a carriage contest.
ASIC flags penalty privilege fight with Nuix directors
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As it readies its civil penalty suit against tech company Nuix for trial, ASIC has flagged a possible dispute about the extent of penalty privilege pleaded by a handful of former and current directors named in the case.
Receivers reach agreement with Melissa Caddick’s husband
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The receivers of Melissa Caddick’s estate have reached an in-principle agreement with the Sydney frauster’s husband and son in relation to the division of a small number of remaining assets.
Directed Electronics loses appeal in Hanhwa trade secrets case
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Automotive electronics company Directed Electronics has lost its bid to revive copyright claims against a form business partner who it pursued as part of litigation over a scheme by two former employees to misappropriate its trade secrets through a secret side agreement with South Korean giant Hanhwa.
Plastic surgery patient appeals loss in defamation case over bad review
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A patient who gave his plastic surgeon a one-star review for a nose job is challenging a judgment that put him on the hook for $50,000 in defamation damages.