Class Actions
Banksia case against receiver has dim prospects, is out of time, court finds
KMPG partner John Lindholm has escaped a potential probe into his decision to endorse a settlement in the scandal-ridden Banksia Securities class action as the receiver for the collapsed lender.
Competition & Consumer Protection
eToro settles with ASIC in novel suit over CFDs
The court will not get a chance to rule on the design and distribution obligations in the marketing of contracts for difference, after the Australian Securities and Investments Commission reached an agreement with eToro to resolve the first case of its kind.
Corporate
Ex-Keybridge CEO can’t bring derivative suit over ACM investment
Former Keybridge CEO Nicholas Bolton, who was voted out in a board spill earlier this year, has lost his bid to bring a derivative suit against director Frank Catalano over a failed bid to acquire a rural publisher previously owned by Nine.
Tax
ATO defeats bid by Brite receivers to be dragged into ASIC case
A judge has refused to join the ATO as an interested party to a case over the receivership of investment platform Brite Advisors, after the receivers worried they could be on the hook for $75.4 million in capital gains tax.
Employment
Entrepreneur Aaron Sansoni secures injunction, contempt conviction against ex-CFO
The sacked CFO of Aaron Sansoni Group International who allegedly took control of the company's domain names and the business name of its eponymous founder has been convicted of contempt and hit with freezing orders.
Competition & Consumer Protection
Apple, Google say orders sought by Epic Games go ‘well beyond’ case
In the wake of a judgment that Apple and Google misused their market power in running their app stores, the tech giants are fighting injunctions proposed by Epic Games, which they say go beyond the case argued at trial.
Employment
JLL to be sued by former human resources exec
The former human resources head for JLL in Australia is set to sue her former employer after she was allegedly sacked while on leave despite never being told she was under investigation.
Appeals
Full Court revives harassment case, says judge relied on ‘preconceptions’
An appeals court has overturned the dismissal of a sexual harassment case and ordered a new trial after finding a judge did not consider crucial evidence and relied on "a preconception of how a victim would act".
