Please login to bookmark Close
National Australia Bank has urged a court to impose a $15 million penalty for its five-year failure to adequately disclose its adviser fees, and has argued ASIC’s push for a steeper penalty goes too far.
AMP launches bid to declass excessive insurance class action
Please login to bookmark Close
AMP and a number of its financial planning subsidiaries have launched a bid to declass a group proceeding jointly run by Piper Alderman and Shine Lawyers over allegedly excessive insurance premiums.
Woolworths taken to court by FWO for ‘significant’ underpayment of store managers
Please login to bookmark Close
Supermarket giant Woolworths has been hit with regulatory action by the Fair Work Ombudsman after it admitted to shortchanging thousands of full-time salaried managers to the tune of $390 million.
KWM’s Kione Johnson could ‘build a dam’ after leading role in floods class action
Please login to bookmark Close
Juggling a promising legal career and being the mother of two small children, King & Wood Mallesons’ Kione Johnson, who was the lead senior associate for dam operator Seqwater in the complex Queensland floods class action, revels in the “constant state of chaos” of her daily routine.
Google can’t escape publisher finding in defamation win by gangland lawyer
Please login to bookmark Close
Google has lost its challenge to a ruling that it pay a Melbourne gangland lawyer $40,000 for the results of an internet search that included a link to a defamatory article, with an appeals court affirming the search engine giant was a publisher of the results.
ASIC defends handling of Nuix prospectus ahead of disastrous IPO
Please login to bookmark Close
The Australian Securities and Investments Commission’s new chair Joseph Longo has defended his team’s work in reviewing the Nuix prospectus before the embattled tech company’s $2.9 billion float late last year.
Ben Roberts-Smith tells court another soldier shot at unarmed Afghan man first
Please login to bookmark Close
Accused war criminal Ben Roberts-Smith has told a court it was “more than reasonable” for him to assume an unarmed Afghan man was a hostile insurgent because he saw another soldier shoot at the man first.
High Court denies David Leyonhjelm’s bid to appeal $120,000 defamation award to Sarah Hanson-Young
Please login to bookmark Close
The High Court has denied a request from former senator David Leyonhjelm to challenge a ruling ordering him to pay $120,000 to Greens senator Sarah Hanson-Young for defaming her with “crass” and “obviously sexist” comments made in a series of interviews in 2018.
Senator blasts ASIC for failing to investigate ‘catastrophic’ Nuix float
Please login to bookmark Close
Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.
ACCC seeks $1.2M penalty against Sumo Power for pricing bait and switch
Please login to bookmark Close
The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.