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In only the second case of its kind, ASIC has taken non-bank lender Firstmac to court over alleged breaches of design and distribution obligations in relation to its High Livez managed investment scheme.
ACCC accuses wealth guru Dominique Grubisa of misleading students
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The Australian Competition and Consumer Commission has taken wealth guru Dominique Grubisa and her business DG Institute to court for allegedly misleading students of their real estate investing and wealth management programs.
ING Bank ran afoul of Consumer Data Right rules, ACCC claims
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ING Bank has paid penalties of over $50,000 to the ACCC to resolve claims it failed to comply with the Consumer Data Right rules and misled consumers in relation to the security of its CDR service.
Class action head leaves Shine Lawyers to launch new firm
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Competition among class action law firms is expected to heat up next year as veteran lawyer Jan Saddler departs Shine Lawyers to start her own firm.
Go-to silk for high stakes commercial cases among three new Federal Court judges
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A senior barrister at the helm of important insurance test cases has been appointed to the Federal Court bench, along with two state court judges.
Aristocrat wins $36M in patent infringement damages from pokies maker Konami
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Gaming company Konami will cough up $35.9 million dollars to rival company Aristocrat Technologies next year, eight years after a judge found that it had violated Aristocrat’s patent for a slot machine with an improved jackpot feature.
Law firm bows out of contest to run class actions against Apple, Google
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A law firm has dropped plans to bring a second set of class actions alleging Apple and Google engaged in anti-competitive conduct in operating their app stores, but will act as an “agent” for the first-to-file firm.
Finder Wallet taken to court by ASIC over ‘unlicensed’ crypto product
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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.