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Two former barristers ordered to pay at least $21.7 million in damages and costs for their role in a fraudulent scheme to pocket a windfall from the Banksia Securities class action have filed for bankruptcy.
Dixon Advisory class action wants court to hold penalty in ASIC case
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The applicant in a class action against self-managed superfund provider Dixon Advisory wants to intervene in ASIC’s proceedings, which the company agreed to resolve for $7.2 million, saying any penalty in the case should be held by the court until the resolution of the class action.
Full Court shoots down Aristocrat’s patents for popular poker machine
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IP Australia has won its appeal of a judge’s decision to allow four Aristocrat patents for its popular Lightning Link electronic poker machine to proceed to grant, with the Full Court finding the invention merely implemented an abstract idea on a computer and was not patentable.
Law firm seeks to drop two class actions on behalf of coal mine casuals
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A law firm that has filed seven class actions on behalf of casual coal mine workers is looking to discontinue two of those cases, after the High Court dealt them a serious blow by finding that those who work regular shifts are not entitled to paid leave and other entitlements under the Fair Work Act.
IOOF to face expanded misconduct allegations in shareholder class action
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A judge has given the green light to expanded misconduct allegations in a shareholder class action against IOOF, including claims of insider trading and front-running.
Top judge says junior counsel should get more opportunities in court
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The Chief Justice of the Victorian Supreme Court has called on the legal profession to provide more opportunities for junior counsel to hone their oral advocacy skills by make submissions or examining witnesses during hearings.
No end in sight to litigation over COVID-19 vaccines, experts say
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Employment law experts say the current lawsuits challenging COVID-19 vaccine mandates are likely to fail, and that future lawsuits lurking around the corner will also face a high bar.
ASIC hits MLC with $17.5M court action over insurance failures
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The corporate regulator has taken MLC Limited to court, alleging the insurer’s failure to implement proper systems and controls over a more than 20 year period caused $17.5 million in harm to over a quarter million consumers.
Mayfair’s James Mawhinney files complaints against ASIC lawyers
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Mayfair 101 director James Mawhinney is seeking disciplinary action against ASIC’s lawyers over a media release accusing him of breaching a 20-year ban on raising funds and which disclosed the regulator had asked a court to hold him in contempt.
Low GetSwift class action settlement to get OK despite ‘slam dunk’ case
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A judge has indicated he will approve the ‘very low’ GetSwift class action settlement because the company appeared to be broke, but the law firm behind the case has been pulled up by the court for a previous costs estimate that has blown out by $3 million.