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Medibank was formally notified Tuesday of a class action-style complaint brought on behalf of millions of customers in the wake of last month’s massive data breach.
‘An unusual case’: ACCC gives Booktopia more time to pay $6M penalty
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The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a “massive fall” in its share price.
Binance Australia fined $2M for Spam Act violations
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The Australian unit of the world’s largest cryptocurrency exchange, Binance, has been fined $2 million for sending million of emails that violated spam laws.
Litigation privilege claim over Nine reporter’s emails denied in cavoodle defamation case
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Nine has mostly lost its bid to shield documents produced under subpoena in a defamation case brought over A Current Affair’s coverage of barrister Gina Edwards’ custody battle for famed social media pooch Oscar the cavoodle.
Courtenay House contractor pleads guilty over $180M Ponzi scheme
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A former contractor of investment management fund Courtenay House who received over $670,000 in commissions from investors has pleaded guilty to two criminal charges after an ASIC investigation revealed the company duped 585 investors in a $180 million Ponzi scheme.
Ashurst snags partner for Sydney real estate team
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Ashurst has lured a partner from Hall & Wilcox as the firm looks to expand its Sydney real estate team.
Like CFOs of yore, class action beauty parades push down law firms’ GCO profits
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A recent ruling cutting the contingency fee sought by a plaintiff law firm shows competition to run class actions will drive down the percentage payout courts are willing to permit. And as more firms enter the market for a slice of the returns, the downward pressure on profits will only build.
Star Entertainment directors, execs targeted in new ASIC action
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The corporate cop has named eleven current and former Star Entertainment directors and officers in a civil penalty case alleging breaches of duties in relation to the company’s non compliance with anti-money laundering laws.
Law firm drops ‘bombshell’, wants settlement in class action after running out of money
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A judge has described as “extraordinary” a law firm’s argument that the court should approve a $5.8 million settlement in an underpayments class action against the On The Run convenience store chain partly because it ran out of funds to take the case to trial.
Brittany Higgins settles claims against government
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Former Liberal staffer Brittany Higgins who accused former colleague Bruce Lehrmann of rape has settled her civil claims against the Commonwealth.