Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.
IG Markets has been hit with a class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in risky financial products known as contracts for difference, or CFDs.
A judge has questioned whether recent changes to defamation law requiring courts to determine if a publication has caused serious harm ahead of trial are invalid because of possible inconsistency with the Federal Court’s case management rules.
Cruise operator Carnival is facing a third class action in Australia, this time on behalf of passengers aboard P&O’s Pacific Aria, which sailed from Brisbane into the path of a Category 5 cyclone six years ago.
US facial recognition company Clearview breached Australian privacy laws by trawling the web for photos of Australians for use by law enforcement agencies, the Administrative Appeals Tribunal has found.
US singer Katy Perry and an Australian fashion designer are at loggerheads over court orders to be made following a judge’s finding the pop star was liable for trade mark infringement, with concerns raised that Perry’s ‘Teenage Dream’ shorts could “fall between the cracks”.
Australian and New Zealand authorities have launched a joint investigation into the personal data handling practices of the Latitude group of companies, in the wake of a cyberattack that resulted in the theft of 14 million customer records.
One of the country’s largest software companies has entered a trading halt after detecting unauthorised third-party access to its internal IT system.
The state of Victoria has foreshadowed a High Court challenge in its fight to stay a class action over the 2020 hotel quarantine in light of criminal action, an appeal it said raised issues relating to the “increasing and regular prosecutions” of government and corporate entities over health and safety laws.
The state of Victoria has agreed to pay $5 million to settle a class action over a public housing lockdown during Melbourne’s second COVID-19 wave in July 2020.
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