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The former general manager of sales for Fiat Chrysler Australia has sued the car company for allegedly terminating him for taking two periods of leave after being diagnosed with an auto-immune condition.
Liberty Financial appeals partial victory for ATO
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Liberty Financial unit Minerva has challenged a judgment that found two schemes it carried out were done with the primary purpose of securing a tax advantage.
Medibank faces potential class action over breach as hacker posts data
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A class action investigation over the data breach that exposed the personal information of almost 10 million Medibank customers is underway, with two law firms teaming up to probe whether the private health insurer is liable for damages.
Trial pokes holes in CBA’s claim of ‘cordial’ relationship with AUSTRAC
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While CBA’s defence to a shareholder class action argues the bank did not need to disclose money laundering failures because it doubted AUSTRAC would take legal action, communications show it was drafting a defence six months before proceedings started, a trial has heard.
Court approves GCO in Noumi class action but may review lawyers’ cut
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A judge has signed off on a group costs order in a shareholder class action against food company Noumi and auditor Deloitte guaranteeing group members a return of at least 78 per cent, but noted the law firms’ cut may need to be reviewed to avoid a “disproportionate return”.
Shareholders launch second class action against Blue Sky, EY
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A second securities class action has been filed against failed Blue Sky Alternative Investments and auditor EY alleging financial reports materially overstated the health of the asset manager ahead of its collapse three years ago.
Ex-Courtenay House director pleads guilty over $180M Ponzi scheme
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The former director of investment management fund Courtenay House has pleaded guilty to five criminal charges after an ASIC investigation revealed he duped 585 investors in a $180 million Ponzi scheme.
The Economist loses challenge to ‘The Beer Economist’ trade mark
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Media company The Economist has failed in its opposition to registration of a trade mark for The Beer Economist, with an IP Australia delegate saying the mark was not substantially identical or deceptively similar to the UK publisher’s brand.
Virgin’s insurers may be pulled into bond holders class action
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Virgin Australia’s insurers may be dragged into a class action accusing the airline of failing to disclose its true financial position in a 2019 prospectus for a $324 million capital raising.
‘Law breaking on a grand scale:’ CBA’s money laundering failures on trial
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The Commonwealth Bank of Australia knew about a “catastrophic” code error that caused widespread non-compliance with money laundering rules two years before it was disclosed to the market, a court has been told in a rare shareholder class action trial.