Insurer Bond & Credit Company fires cross-claims at Greensill

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Insurer Bond & Credit Company is seeking to join Greensill Group to three lawsuits over the financing firm’s $1.7 billion collapse in March 2020, while Greensill has foreshadowed its own cross-claims against Insurance Australia Group.

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‘Disastrous’ GetSwift class action settlement revised down to $1M

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A $1.5 million class action settlement against failed logistics provider GetSwift, which a judge termed a “disaster”, has been revised down to $1 million and may face a liquidators’ challenge that could see a group members recover nothing.

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AVZ Minerals may face class action over lithium project disclosures

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Lithium prospecting  company AVZ Minerals is facing a potential class action for allegedly misleading shareholders about its ownership rights to its flagship lithium project in the Democratic Republic of Congo. 

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‘ASX Wolf’ trader’s Instagram account was unlicensed financial services biz, court rules

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Gold Coast ‘finfluencer’ Tyson Scholz provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room, a judge has found.

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Pokemon No! Gaming company sues over unauthorised NFTs

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The Pokemon Company has taken an Australian business to court for allegedly threatening to release Pokemon non-fungible tokens for use in an augmented reality game without the copyright owner’s permission.

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Despite pleading guilty, CBA dodges criminal case over consumer credit insurance

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A precedential ruling on the statute of limitations in a separate case has forced the dismissal of criminal charges against the Commonwealth Bank — after the bank pleaded guilty.

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‘Predatory and flagrant’: Debt collector A&M Group to pay $800,000 in ASIC case

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A judge has ordered debt collection agency A&M Group to pay $800,000 after it allegedly harassed and coerced debtors by repeatedly contacting family, friends and employers and claiming they could face imprisonment.

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Class action by NSW local councils against insurer JLT dismissed by court

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A judge has thrown out a long-running class action on behalf of 20 local councils in NSW alleging insurer JLT Risk Solutions charged them hundreds of millions of dollars in excessive premiums over nine years.

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