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Fintech company Block Earner has been hit with enforcement action by the corporate regulator alleging it sold crypto asset products without a licence and operated an unregistered managed investment scheme.
$1M penalty against NQ Cranes over cartel agreement gets court’s OK
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A judge has approved a $1 million penalty against Queensland crane company NQ Cranes for engaging in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
WA government will try to snuff out Clive Palmer’s $30B lawsuit
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The West Australian government has flagged a bid to scuttle mining magnate Clive Palmer’s latest lawsuit claiming he can sue the state for up to $30 billion over mining tenements in the Pilbara.
Class action targets Mercedes-Benz over diesel emissions cheating
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Mercedes-Benz is the latest car maker to face a class action in Australia over alleged defeat devices designed to manipulate the results of regulatory diesel emissions testing.
PwC partner sued over alleged involvement in husband’s $3.3M fraud scheme
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A PricewaterhouseCoopers partner has been taken to court over her alleged involvement in a $3.3 million scheme to defraud her husband’s employer to bankroll the couple’s lavish lifestyle, which included a $200,000 Porsche and extensive renovations to their Sydney home.
Class action woes mount for Toyota unit Hino over emissions cheating
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Already facing one Australian class action for cheating on diesel emissions tests, Toyota unit Hino is the subject of a fresh class action probe announced Tuesday.
Westpac opposes ‘premature’ notice of $126M class action settlement
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Westpac has objected to several proposed notices going out to group members in a class action over ‘junk’ consumer credit insurance, which three of the Big Four banks have agreed to pay $126 million to settle.
ASIC calls for $7.5M penalty against defunct funeral insurer that ‘preyed’ on First Nations people
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ASIC is seeking $7.5 million in penalties against failed ACBF Funeral Plans and parent company Youpla Group for misrepresenting to customers that it was Indigenous-owned and falsely claiming that its products were specifically beneficial to First Nations people.
Maker of AFL merchandise sues US retail giant for trade mark infringement
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Australian sports tour company FanFirm has sued US sports merchandise giant Fanatics alleging ‘flagrant’ infringement of its trade marks.
Settlement in Montara oil spill class action revealed to be worth $192.5M
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In one of the year’s biggest class action settlements, PTTEP Australasia has agreed to pay $192.5 million to settle a representative action over a 2009 oil spill that affected 15,000 Indonesian seaweed farmers.