Please login to bookmark Close
Eyewear retailer Oscar Wylee has been fined $3.5 million for its misleading ‘Buy a pair, Give a pair’ promotion, with a judge calling the representations “brazen” and “plainly deceitful”.
Judge sinks discovery hopes in NSW Ports competition case
Please login to bookmark Close
A maritime development company has had its discovery hopes dashed in its stayed competition lawsuit against NSW Ports, with a judge finding that the company would not suffer any injustice in waiting until the stay is lifted after a similar case brought by the competition regulator is heard.
‘Sad and tragic’: Court winds up Mayfair’s IPO Wealth Fund
Please login to bookmark Close
A judge has ordered 17 companies connected to Mayfair’s “failed” IPO Wealth Fund to be wound up after finding the fund’s director put investor money at risk through “highly speculative” investments to make a windfall for himself.
Judge dismisses Macquarie bid for ‘irrelevant’ tax docs in underpayments suit
Please login to bookmark Close
Three former Macquarie Bank financial advisors who claim the bank underpaid them have successfully appealed a decision ordering them to hand over personal tax assessments, with an appeals court finding that the most the bank could make of the documents was to “inflict a degree of embarrassment” on its ex-employees.
Commonwealth Bank settles with ex-GM who blew whistle on bonuses
Please login to bookmark Close
Commonwealth Bank of Australia has resolved a lawsuit brought by a former general manager alleging he lost his job for blowing the whistle on a system allegedly used by staff to inflate their bonuses.
Law firm partner went all caps in email blasting ‘menstrual based cycle’ billing, court told
Please login to bookmark Close
A former general manager suing law firm Atanaskovic Hartnell has amended her pleadings as trial in her case resumes Friday, expanding her claims and including details of an email in which the firm’s managing partner allegedly slammed her practice of billing clients on a “menstrual based cycle”.
Lawyer not eligible for performance pay while suspended, FWC says
Please login to bookmark Close
A public sector lawyer has failed to persuade the Fair Work Commission that he was eligible for progression pay rises despite his suspension for alleged misconduct that included repeatedly requesting that a colleague accept his friendship request on Facebook.
Mayfair director should not be put in charge of other people’s money, court told
Please login to bookmark Close
Companies associated with Mayfair’s IPO Wealth Fund should be wound up because they contained assets “artificially inflated” in value and ran what was effectively a Ponzi scheme, the Victoria Supreme Court has heard.
Judge delays Robodebt trial to let class add claims against five government employees
Please login to bookmark Close
A judge has given the green light for the applicants in the Robodebt class action to file an amended statement of claim on the eve of trial that adds a claim for exemplary damages and drags five government employees into the proceedings.
State Street hit with $1.24M fine by AUSTRAC over reporting breaches
Please login to bookmark Close
AUSTRAC has slugged US financial services giant State Street Bank and Trust Company with a $1.24 million fine for failing to report international funds transfers in breach of anti-money laundering and counter-terrorism laws.