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ASIC has filed a lawsuit against Finder Wallet, a subsidiary of comparison website Finder.com, alleging the company breached various requirements in relation to its crypto product Finder Earn.
High Court won’t hear appeal by payday lenders Cigno, BHF
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The High Court won’t hear an appeal by payday loan providers Cigna and BHF seeking to challenge a Full Court judgment that found they can’t dodge the obligations contained in the National Credit Code through their lending model.
Sydney Flames CEO sues team’s owner over alleged boys’ club culture
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The former chief executive officer of the Sydney Flames has filed proceedings against the owner of the women’s basketball team, Hoops Capital, alleging she was sacked after complaining about a lack of resources for the team and a “boys’ club” culture.
‘No duty to be decent and fair’: Allianz wins High Court appeal over cyclone damage claim
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Insurer Allianz has won its challenge to a decision forcing it to indemnify a north Queensland body corporate for cyclone damage despite non-disclosure of serious building defects, with the High Court finding insurers have no general duty to be “decent and fair”.
High Court clarifies test for implied terms, says CoreLogic did not infringe photographer’s copyright
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The High Court has found that property data analytics firm CoreLogic did not infringe a real estate photographer’s copyright by uploading images from realestate.com.au to its platform, overturning a decision of the Full Federal Court.
Medibank notified of law firm complaint to privacy commissioner
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Medibank was formally notified Tuesday of a class action-style complaint brought on behalf of millions of customers in the wake of last month’s massive data breach.
‘An unusual case’: ACCC gives Booktopia more time to pay $6M penalty
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The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a “massive fall” in its share price.
Binance Australia fined $2M for Spam Act violations
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The Australian unit of the world’s largest cryptocurrency exchange, Binance, has been fined $2 million for sending million of emails that violated spam laws.
Litigation privilege claim over Nine reporter’s emails denied in cavoodle defamation case
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Nine has mostly lost its bid to shield documents produced under subpoena in a defamation case brought over A Current Affair’s coverage of barrister Gina Edwards’ custody battle for famed social media pooch Oscar the cavoodle.
Courtenay House contractor pleads guilty over $180M Ponzi scheme
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A former contractor of investment management fund Courtenay House who received over $670,000 in commissions from investors has pleaded guilty to two criminal charges after an ASIC investigation revealed the company duped 585 investors in a $180 million Ponzi scheme.