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Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.
Crypto class action members ‘wholly unprotected’ by self-repped applicant, Meta says
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Arguing the interests of the self-represented applicant and group members are in conflict, Meta and Google are urging a court to shut down a class action accusing the digital giants of breaching competition law by banning cryptocurrency ads on their platforms.
PwC partner denies involvement in alleged $3.3M fraud scheme
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A PricewaterhouseCoopers partner has hit back at a lawsuit over her alleged involvement in a $3.3 million scheme to defraud her husband’s employer, saying she believed payments into her account were made under a personal loan brokered by her husband from a “wealthy friend” in China.
Ex-Nuix director wants class action shelved until ASIC case wraps up
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A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.
Kanye West faces costs bid in TM stoush amid push to block Aussie visa
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His antisemitic remarks have lost him a spot on Forbes billionaires’ list, and now the controversy-courting US rapper formerly known as Kanye West has been asked to show he can make good on any costs order in the event he loses his intellectual property case against a small Melbourne restaurant.
Forge Group defeats challenge to insider trading case over $187M sale
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Collapsed engineering firm Forge Group has defeated an appeal seeking to block its liquidators from bringing a case against engineering company Clough Limited for alleged insider trading during the 2013 sale of a $187 million stake in the company.
Class action funder’s son drops appeal of ruling linking him to Banksia scam
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The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.
ABC war crimes coverage defamed ex-commando, court finds
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A judge has found that the ABC defamed ex-commando Heston Russell by implying he was involved in murdering an Afghan prisoner, but he rejected claims that the broadcaster’s coverage implied he was actively responsible as the shooter.
Law firm’s estimated costs in PFAS class action ‘excessive’, court says
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A judge has found a law firm’s estimated fees for representing the Commonwealth in a class action over the use of allegedly toxic firefighting foam on military bases are excessive, noting the government has already forked over $12 million in defence costs.
Muffin-eating lawyer can’t set aside Lawcover’s bankruptcy notice
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Two Sydney lawyers have lost an application to set aside bankruptcy notices filed by their insurer claiming over $300,000 in legal costs, after a judge rejected their arguments about an “overarching conspiracy” in the case.