On ‘third birthday’ of PwC class action, judge rails against slow progress

Posted on by Cindy Cameronne
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A judge has blasted the lack of progress in an investor class action against accounting firm PricewaterhouseCoopers and asset finance lender Axsesstoday over an allegedly misleading $50 million prospectus.

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Carnival class action over norovirus outbreaks faces strike out, declassing bids

Posted on by Sam Matthews
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A class action against Carnival over norovirus outbreaks on its Sun Princess cruise ship is facing a strike out bid, with the cruise operator also flagging a declassing application down the line.

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Former ANZ unit says ASIC should ask bank for info in fees for no service case

Posted on by Cindy Cameronne
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A judge has rejected arguments by superannuation trustee OnePath Custodians that the corporate regulator must look to former parent company ANZ for evidence in its fees for no service case.

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Merivale slams class action’s bid for second opt out notice to workers

Posted on by Sam Matthews
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Hospitality giant Merivale is contesting a bid by the applicant in a $129 million underpayments class action to issue a second opt out notice to employees, which it said was an attempt to ensure group members “take an interest” in the proceedings.

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Richard Crookes to appeal landmark judgment on SOPA’s availability to insolvent companies

Posted on by Sam Matthews
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Construction company Richard Crookes plans to appeal a ruling which found the Security of Payment Act is available to insolvent builders to pursue debts under a deed of company arrangement, despite an amendment to the law preventing construction companies in liquidation from enforcing payment claims.

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Jury finds fifth person guilty in $105M Plutus tax fraud case

Posted on by Sam Matthews
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The fifth and final defendant named in a criminal proceeding over a $105 million tax fraud involving payroll services company Plutus Payroll has been found guilty for his part in the scheme.

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Second concussion class action filed by former AFL players

Posted on by Cindy Cameronne
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A second class action has been filed against the Australian Football League and four clubs on behalf of former players who allegedly suffered brain injuries after sustaining repeated concussions during games.

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‘Enabled misconduct’: Lawyers, liquidators slam ASIC’s track record

Posted on by Cindy Cameronne
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A law firm and several peak bodies for professionals in the corporate sphere have criticised the Australian Securities and Investments Commission’s enforcement track record, saying the regulator is inefficient and fails to properly address misconduct.

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