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A unit of Standard Chartered Bank has prevailed in a securities spat with Energy World Corporation, which has been ordered to approve a $64.4 million note transfer and pay $42.2 million to the Singapore-based bank.
Courts continue to shape class action regime with major 2020 rulings
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In a year headlined by partisan sparring and mudslinging over the Federal Government’s class action reform effort, judges forged ahead to refine the class action regime, issuing significant judgments on common fund orders and class closure, and handing the first post-trial win to a company in a shareholder class action. Here, Lawyerly takes you through some of the major class action events in 2020 and their consequences for the year ahead.
Kogan fined $310,800 for violating spam laws
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Online retailer Kogan has been fined $310,800 for sending marketing emails to more than 42 million consumers without an easy way to unsubscribe, in violation of spam laws.
Allergan appeals loss in Botox trade mark dispute
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Botox maker Allergan has appealed a court judgment tossing most of trade mark case against an Australian cosmetics company that sells topical creams as Botox alternatives.
Accused NAB scammer Helen Rosamond can’t vary freezing order to pay legal bills
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NAB has succeeded in blocking accused scammer Helen Rosamond and her executive services company Human Group from varying a freezing order in a case over an alleged $51 million fraudulent scheme so that she can pay her legal bills and living expenses.
$100M Woolworths shareholder class action set for February hearing
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Trial is set to begin February 2 in a $100 million shareholder class action against Woolworths over a February 2015 profit downgrade that allegedly led to a drop in the company’s share price.
‘Not healthy nor sustainable’: Facebook says it shouldn’t be asked to fix Aussie media problems
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Facebook and Google should not be expected to solve the challenges currently facing the Australian media industry, according to the social media giant, which has called on the government to address concentration in the media market.
Class action accuses Queensland energy generators of ‘gaming’ electricity rates for profit
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A class action brought on behalf of 40,000 customers has been launched against two Queensland energy generators who are accused of ‘gaming’ the energy pricing system and artificially inflating consumer prices.
Police believe accused fraudster Melissa Caddick still alive
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Sydney businesswoman Melissa Caddick, who went missing a day after police raided her home two months ago as part of a fraud investigation, is believed to be alive, according to police.
CBA sued for conspiracy to misuse private bank account details in dismissal wrangle
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The Commonwealth Bank of Australia has been sued for conspiracy to misuse private information and bank account details in an unfair dismissal case brought by the director and former employee of a Melbourne financial services provider.