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A judge has fined superannuation fund promoter MobiSuper and licensee ZIB Financial $250,000 for misleading marketing calls.
Victoria can’t quash hotel quarantine class action
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The state of Victoria can’t duck class action claims that failures in its hotel quarantine program caused businesses to suffer losses when stage three and four restrictions were put in place during the state’s second wave of COVID-19 cases in 2020.
Mawhinney slammed for taking lawyers’ reputation ‘hostage’ in ASIC appeal
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The former legal representatives of James Mawhinney have hit back at allegations of incompetence by the embattled Mayfair 101 founder on the last day of his appeal against decisions that saw him banned from soliciting funds or promoting any financial product for 20 years.
CoreStaff’s class action settlement wins OK despite costs, commission burning through 60%
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A judge has approved a $6.4 million settlement in a class action on behalf of Papua New Guinea workers against labour hire firm CoreStaff, despite the agreement allotting less than half the proceeds to group members.
‘Alarming consequences’ if each building warranty breach creates new claim, court says
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A judge has ruled that separate breaches of statutory building warranties do not create individual causes of action, in a win for an owners corporation bringing claims against the builder of an allegedly defective Haymarket apartment building.
$1.2B bid for Port of Geelong dropped amid ACCC concerns
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Spirit Super and Palisade Investment Partners have withdrawn their $1.2 billion bid to acquire the Port of Geelong after the ACCC said the deal could substantially lessen competition in Victoria for the supply of bulk cargo port services.
Inchcape keeps up fight with Chubb over coverage for ransomware attack losses
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UK automotive distributor Inchcape has challenged a judgment that put insurer Chubb on the hook for some but not all of the financial losses stemming from a cyberattack that allegedly caused $4 million in loss.
Judge slams Domino’s for obstructionism in underpayments class action
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A judge has blasted Domino’s for its obstructionism in an underpayments class action and promised to order the pizza franchise giant to hand over information on its stores to facilitate settlement.
Cricket Australia plays COVID card in Seven contract dispute
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Cricket Australia says the COVID-19 pandemic was a force majeure event under its broadcast agreement with the Seven Network, which has sued the sporting governing body over alleged breaches of the deal.
‘Long overdue’ legal costs reform to hit Victorian courts
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A report commissioned by the Supreme Court of Victoria has recommended a massive overhaul to the system for awarding costs in civil proceedings, trashing the “opaque” and “inadequate” scale of costs system.