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Corporate advisory firm Bridge Street Capital has been hit with costs for funding the defence to a winding up application for a Sydney property developer which a judge found was “woefully” insolvent.
E&P Financial to defend Dixon Advisory class action
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E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.
Class action accuses Dixon Advisory of providing conflicted financial advice
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Financial services company Dixon Advisory has been hit with a class action for allegedly pushing financial products onto investors that it stood to reap hundreds of millions of dollars in fees from and failing to disclose its alleged conflict of interest.
Judge slams indictment in cartel case as ‘complete shemozzle’
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A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.
JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
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JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.
Court won’t block Monash Health from terminating unvaccinated nurses
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A court has struck down a bid by unvaccinated nurses to restrain Monash Health from terminating their employment in accordance with the Victorian COVID-19 public health directions requiring them to be vaccinated, saying their case is “at best, weak”.
Judge weighs exemption from Victoria’s COVID-19 vaccine mandate for 134 workers
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A group of 134 workers in healthcare, education and construction have argued a judge should grant them a temporary exemption from Victoria’s direction mandating essential employees be vaccinated against COVID-19 to work outside their homes.
Groupwide damages not ruled out in Ford class action, judge says
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A judge has left open the possibility that aggregate damages could be awarded in a class action against US auto giant Ford on behalf of 185,000 vehicle owners over their defective cars.
IVF provider Virtus’ confidentiality claims ‘border on ridiculous’, judge says
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A judge has rejected part of IVF provider Virtus Health’s bid for redactions in a recent decision from the court temporarily blocking the company from purchasing rival Adora Fertility, saying some of the confidentiality claims were “staggering” and “border on ridiculous.”
High Court upholds challenge to backpacker tax
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The High Court has found a 15 per cent ‘backpacker tax’ imposed on holders of Australian working holiday visas violates a double taxation agreement between Australia and the UK.