Please login to bookmark Close
A judge has ordered a Victoria local councillor to pay a developer $205,000 in damages after finding he was responsible for comments on a community Facebook page he ran that alleged the developer was corrupt.
Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
Please login to bookmark Close
The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, has won his bid to exclude ASIC’s evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.
ANZ denies firing ex-money markets head over sexual harassment, APRA reporting complaints
Please login to bookmark Close
The Australian and New Zealand Banking Group has hit back at allegations by its former head of money markets that he was sacked for making complaints about sexual harassment by senior managers at the bank and false reporting to the prudential regulator.
Court appoints liquidator to litigation funder after claims of misuse of funds
Please login to bookmark Close
Liquidators have been appointed to a litigation funder behind a funding agreement ripped up by the court last year that would have given it a hefty 85 per cent commission.
‘Blood out of a stone’: Class action settlement no big pay day for IPO Wealth investors
Please login to bookmark Close
Investors in Mayfair Group’s collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement of a class action alleging the fund’s trustee misled unit holders.
Humm points finger at Forum Finance in SMBC’s $34M lawsuit
Please login to bookmark Close
Fintech Humm has admitted to making “misrepresentations” to Japanese bank SMBC over allegedly worthless receivables linked to Forum Finance but has denied it was negligent, claiming a Forum Group unit should share the burden of paying any damages in the $33.6 million lawsuit.
Crown wants contradictor to fight class action’s GCO application
Please login to bookmark Close
Crown Resorts has asked the court to appoint a contradictor to fight against a group costs order sought in shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.
University of Melbourne admits manager called academic ‘self-entitled Y-genner’
Please login to bookmark Close
The University of Melbourne has hit back at the Fair Work Ombudsman’s allegations that it took adverse action against two casual academics to prevent them from claiming payment for extra hours worked, but admitted a supervisor penned an email referring to one of them as a “self-entitled Y-genner”.
Foxtel loses six-year battle with Cognizant unit over digital download patent
Please login to bookmark Close
Cable TV giant Foxtel has lost a protracted IP battle with subsidiary of global tech giant Cognizant over a digital download patent for a modern DVR system.
Judge declasses Wilson Security class action over objections from group members
Please login to bookmark Close
Despite objections from numerous group members, a judge has tossed an underpayments class action brought by a self-represented applicant against Wilson Security, ruling that class actions should not be run without lawyers.