Banksia class action solicitor suspended from roll for two years

Posted on by Christine Caulfield
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The solicitor found to have acted as a “postbox” to hide conflicts of interest in the class action over Banksia Securities’ collapse has been suspended from the roll of practitioners in Victoria for two years, after a judge found he was presently unfit to practice.

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Kumova extolled mining company in tweets then sold $24M in shares, defamation trial told

Posted on by Cindy Cameronne
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Former Young Rich Lister Tolga Kumova sold $24 million worth of shares in mining company after publishing positive social media posts about its prospects, a court has heard in a defamation trial over allegations he engaged in insider trading and pumping and dumping. 

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Appeal lodged in class action by cruise voyagers forced to take the bus

Posted on by Sam Matthews
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Cruise operator Scenic Tours is appealing a courtroom loss that could see it owing $25 million in damages in a class action by travelers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city due to heavy rain and high water levels.

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Merricks Capital secures undertakings from defecting employees

Posted on by Christine Caulfield
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Melbourne-based hard assets investment manager Merricks Capital has won undertakings from its ex-managing director and two former employees who defected to an investment boutique run by financial commentator Peter Switzer and his son Marty. 

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FWC upholds ‘tragic’ sacking of Qantas engineer who refused COVID-19 vaccine

Posted on by Cat Fredenburgh
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Qantas’ termination of a long-serving engineer who refused to get vaccinated against COVID-19 because he “feared for his life” was a “tragedy” but not unlawful, the Fair Work Commission has found.

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Confidentiality no ‘excuse’ for Apple refusing to hand over docs in patent dispute, court told

Posted on by Cindy Cameronne
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An Australian non-practicing entity alleging Apple’s Touch ID and Face ID technology infringes its patents has accused the Silicon Valley company of refusing to comply with court orders to hand over documents.

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Law firm scolded by judge for ‘highly unsatisfactory’ social media post in Kumova trial

Posted on by Cindy Cameronne
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A judge has pulled up a law firm over a tweet it published about defamation proceedings brought by investor Tolga Kumova, telling a barrister during the trial Thursday to counsel his instructing solicitors about the “highly unsatisfactory” social media post.

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