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International sporting goods giant Decathlon has been ordered to pay a $1.5 million penalty for selling hundreds of basketball hoops and inflatable swimming pools that did not comply with mandatory safety standards.
Cartel charges could be trimmed in forex price-fixing case against Vina Money
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Prosecutors might cut the number of criminal cartel charges levelled against money transfer business Vina Money and five individuals who allegedly fixed the foreign exchange rate on millions of dollars transferred between Australian and Vietnam between 2011 and 2016, a court has heard.
Shareholders looking to revive class action say Worley pursued ‘growth stock’ ambitions over accuracy
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Worley crafted the budget behind an allegedly misleading 2014 earnings guidance so that its shares could be rated as a “growth stock”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
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Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.
Use of CBA app for notice of $7M penalty in ASIC case not appropriate, judge says
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A judge has refused to order Commonwealth Bank of Australia to publish notice of a $7 million penalty in a case brought by ASIC on its mobile app, but the bank will have to alert customers to its misconduct on its website and online newsroom.
Judge finds documents from Google’s ‘Oh Shit’ meeting relevant to penalty
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Google will have to hand over documents relating to its infamous ‘Oh Shit’ meeting to the ACCC, with a judge finding the material was “sufficiently likely” to be relevant to any penalties the search giant will face for misleading consumers about use of their location data.
Arasor class action applicant can’t dodge funder’s legal bill after ‘shambolic’ handling of side dispute
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The lead applicant in a settled shareholder class action against technology company Arasor can’t dodge funder International Litigation Partners’ costs, which it was ordered to pay after a judge rejected its “shambolic” attempts to be heard over a $1.2 million personal expenses dispute with the funder.
Ex-gangland lawyer fined for misleading Legal Services Commissioner
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A Melbourne lawyer, who formerly represented gangland figures, has been reprimanded and fined $9,000, after a court found he recklessly misled the Victorian Legal Services Commissioner regarding his involvement in a de-facto relationship matter in which unsatisfactory professional conduct was allege
High Court won’t hear Auctus appeal over $2.3M R&D tax refund mistake
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Auctus Resources will not be able to hang on to a $2.3 million R&D tax offset refund which the Full Court found was paid by mistake, after the High Court turned down its special leave application.
Ashurst beefs up financial regulation team with consumer credit ace from HWL Ebsworth
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Ashurst is expanding its financial regulation practice with the appointment of consumer credit expert Hong-Viet Nguyen from HWL Ebsworth Lawyers.