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A Senate committee has issued a vehement denunciation of the Morrison government’s proposal to permanently weaken the country’s continuous disclosure regime, calling the plan “foolish and dangerous”.
Why ‘sticking to her guns’ on common fund orders paid off for Allens’ Kirsty Prinsloo
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According to close family and friends, Allens managing associate Kirsty Prinsloo’s argumentative nature destined her for a career in the law.
After triumphing in beauty parade, Maurice Blackburn seeks stay of PFM’s Boral class action
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After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.
Court finds trader was defamed by ASIC but throws out $10M lawsuit
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Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.
Ken Talbot’s widow can’t represent daughters in negligence case against Arnold Bloch Leibler
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The widow of mining executive Ken Talbot has lost a bid to act for two of her daughters in a negligence case over the handling of her late husband’s estate against law firms Arnold Bloch Leibler and Boyd Legal, with a judge finding claims by the mother and daughters were “directly competing and contrary”.
Mayfair 101’s James Mawhinney says he should not face penalty in ASIC case
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The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.
7-Eleven agrees to settle franchisee class actions
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7-Eleven has reached an in-principle agreement to settle two class actions which accused the convenience store giant of misleading franchisees and underpaying employees at its stores.
Sumo Power fined $1.2M for misleading consumers
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Victorian electric utility Sumo Power has been fined $1.2 million for luring customers with the promise of discounts and low rates only to jack up their prices months later.
Marque Lawyers partner Kiera Peacock on using the law as a force for good
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Combining extensive experience in commercial law with a keen pursuit of public interest cases, Marque Lawyers partner Kiera Peacock has her sights set on using the law for good.
Payday lender Cigno loses bid to overturn ASIC’s short-term credit lending ban
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Payday lender Cigno has lost its appeal of a ruling which upheld ASIC’s first product intervention order banning the use of short-term lending models with “excessive” fees.