New laws aimed at regulating litigation funders are due to commence on Saturday, but Treasurer Josh Frydenberg is keeping a lid on four emails exchanged with the watchdog in the days leading up to the decision to bring in the sweeping changes.
Lawyer Alex Elliott, the son of the funder behind the Banksia Securities class action, has been ordered to give a “full, frank and honest” explanation of his role in an alleged fraudulent scheme to inflate legal fees in the case, and he risks his career if he’s not forthcoming.
Buffet restaurant pioneer Sizzler is seeking a quick win in its trade mark stoush with Brisbane-based Burger Urge tossed, telling a court it will be seeking summary judgment in its favour.
The Commonwealth has told a court it will not sit down for mediation talks with One Nation chief-of-staff James Ashby as he seeks to recoup almost $4 million in legal costs spent in a dropped sexual harassment case against former House speaker Peter Slipper.
STA Travel has filed for insolvency as the latest high profile travel and tourism business hit hard by the economic impacts of the COVID-19 pandemic.
The Australian Securities and Investments Commission has launched proceedings against a subsidiary of wealth manager IOOF over its alleged failure to have adequate cyber security systems in place.
The Australian Securities and Investments Commission has launched civil penalty proceedings against superannuation fund StatePlus over fees allegedly charged for services that were not provided to tens of thousands of members.
Two Westpac units have made admissions and said they would not defend proceedings brought by the Australian Securities and Investments Commission over fees charged for services that were not provided to hundreds of financial advice customers.
The second meeting of creditors of embattled cladding manufacturer Fairview Architectural has been pushed back to give administrators more time to work out what is in the best interests of creditors, after the lead applicant in a class action against the cladding manufacturer submitted a $5.8 million claim.
The employing entity for convenience store chain On The Run has been slapped with a penalty of almost $65,000 for underpaying and failing to provide a worker with meal and toilet breaks, with a judge chastising the company’s “deliberate exploitation of a low paid hard working employee”.
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