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Wealth management firm Ord Minnett has paid an $888,000 penalty for twice breaching market integrity rules in executing a share buy-back with “pre-arranged” trades.
Nuix class action to go ahead despite ASIC case
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A shareholder class action against software company Nuix will go ahead as planned, after a stay application threatened to put the proceeding on ice pending the outcome of a separate case brought by ASIC.
Cost of independent counsel to advise on Banksia silk’s $1.25M offer ‘can’t be justified’, court says
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The Victoria Supreme Court will not appoint a contradictor to weigh in on the reasonableness of a $1.25 million settlement offered by companies associated with the wife of a once prominent silk struck from the roll over the Banksia Securities class action scandal.
Class action can’t grill Noumi lawyer on legal privilege claims over PwC docs
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The applicants in a shareholder class action against the former Freedom Foods have failed in a bid to cross-examine Noumi’s inhouse counsel on affidavits swearing to the legal professional privilege of 3,000 documents, including material containing advice from accounting firm PricewaterhouseCoopers.
GetSwift director can’t be located for service of suit by ex-Demons teammate
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GetSwift director Joel Macdonald cannot be located for service of a $15 million lawsuit by his former Melbourne Demons teammate James Strauss, a court has heard.
Hotel quarantine class action survives second shutdown bid by Victorian government
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The state of Victoria has lost its appeal bid to stay a class action brought over the 2020 hotel quarantine debacle in light of a pending criminal action against the Department of Health.
ABC drops truth defence in defamation case by ex-commando Heston Russell
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The ABC has dropped its truth defence to former Army major Heston Russell’s claims that he was defamed by two articles that suggested that he was involved in murdering an Afghan prisoner.
ASIC targets superannuation fund’s ‘greenwashing’
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The Australian Securities and Investments Commission has gone after a superannuation fund over a Facebook post that allegedly overstated the fund’s positive environmental impact.
HWL Ebsworth may have fallen victim to cyberattack
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Hacking group ALPHV claims it has stolen a large amount of data from law firm HWL Ebsworth, including employee and client information.
Katy Perry loss shows fame no ticket to ride ‘roughshod’ over trade mark owners
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An infringement ruling against US singer Katy Perry in a case brought by an Australian fashion designer is a “win for the little guy”, experts say, showing that fame doesn’t give celebrities a blank cheque to exploit their brand at the expense of someone’s else’s registered trade mark.