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IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.
ASX wants $3M security for costs from iSignthis after Cyprus move
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The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.
HFW bolsters disputes team with former Corrs Chambers Westgarth partner
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International law firm HFW has bolstered the ranks of its disputes practice in Australia, recruiting a leading commercial litigation and international arbitration partner from Corrs Chambers Westgarth.
More clinics to be pulled into Monash IVF class action over embryo destruction
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Six more fertility clinics in states across the country are set to be pulled into a class action against Monash IVF on behalf of hundreds of men and women demanding damages for the alleged destruction of potentially viable embryos.
Max Twigg can’t escape ruling he made off with family fortune
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Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judge’s finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.
Qantas, TWU lose appeals over axing of 1,800 ground staff
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Qantas and the Transport Workers Union both lost their appeals Wednesday of a judge’s decision finding the airline had decided to axe 1,800 ground staff partly to prevent employees bringing industrial action but refusing to reinstate the workers. The airline has vowed to take the case to the High Court.
ASIC’s contempt case against Mayfair’s Mawhinney paused pending ban challenge
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A judge has ordered a temporary stay of ASIC’s case accusing Mayfair 101 director James Mawhinney of contempt for breaching a 20-year ban.
Fairfax sued by synagogue head over ‘gossipy, mocking, sensational’ Age report
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Former synagogue president and Victorian Liberal party treasurer David Mond is suing Nine-owned Fairfax, The Age and two journalists for defamation over three articles accusing him of deciding to host a speech by a convicted spy.
ACCC head calls out companies for ‘pushing the boundaries’ of merger regime
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The new chair of the competition regulator has taken aim at companies for “pushing the boundaries” of Australia’s merger control regime and taking a “strategic approach” to clearance, as the regulator yet again flags the prospect of a reform push.
Investment fraudster Roger Munro sentenced to four and a half years jail
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Gold Coast fraudster Dr Roger Munro has been sentenced to four and a half years in prison after pleading guilty to three counts of duping investors into parting with hundreds of thousands of dollars.