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Judge shoots down Advanta Seeds’ bid for names of signed class action members
Agriculture 2020-03-02 12:55 pm By Cat Fredenburgh Melbourne

Farmers in a class action against Advanta Seeds over allegedly contaminated sorghum have defeated a bid by the company to hand over a list of all group members who have signed funding agreements to join the case.

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Sunwater to join challenge to Queensland floods class action victory
Appeals 2020-02-28 6:13 pm By Cat Fredenburgh

Dam operator Sunwater will join an appeal of a victory in a class action filed on behalf of victims of the 2011 Queensland floods, despite pleas from the firm running the case and the State of Queensland that insurers for the dam operators let the ruling stand.

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ACCC review of Google’s Fitbit acquisition to look at data
ACCC 2020-02-27 11:22 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has opened a formal review into whether Google’s $3 billion acquisition of fitness device company Fitbit will harm competition, including the potential impact of the search giant’s increased access to user data.

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ASIC wins unconscionable conduct case against OTC derivatives issuer AGM Markets
Angus Christophersen 2020-02-27 10:28 pm By Cat Fredenburgh Sydney

ASIC has notched up a win against derivative issuer AGM Markets and two of its authorised representatives, with a court finding they engaged in misleading, deceptive and unconscionable conduct that caused investor losses of over $30 million.

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Head of NSW Racing claims ABC story on racehorse slaughter defamed him
Bruce McClintock 2020-02-27 12:34 pm By Cat Fredenburgh Melbourne

The head of Racing NSW has hit the ABC with a defamation lawsuit over a ‘7:30’ segment that revealed racehorses were being slaughtered in violation of industry rules.

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Government reaches settlement in toxic foam class actions
Class Actions 2020-02-27 10:55 am By Cat Fredenburgh Melbourne

A settlement has been reached in three class action against the Commonwealth of Australia over the use of allegedly toxic firefighting foam at government military bases.

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Court OKs derivative suit against Pacific Current directors over merger
Corporate 2020-02-25 11:35 pm By Cat Fredenburgh Melbourne

A Pacific Current shareholder has won court approval to bring a derivative lawsuit against certain current and former directors of the funds management company for allegedly breaching their duty of care and diligence in relation to the company’s 2014 merger with US-based Northern Lights Capital Group.

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Former analyst pleads guilty to Big Un insider trading
ASIC 2020-02-25 2:12 pm By Cat Fredenburgh Melbourne

A former Maple Brown Abbott analyst has pleaded guilty to insider trading and communicating inside information in relation to $1.6 million in shares of collapsed video company Big Un.

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Geowash execs appeal loss in ACCC case
ACCC 2020-02-25 12:30 pm By Cat Fredenburgh Melbourne

Two Geowash executives have appealed a ruling that found they were knowingly involved in the car wash franchisor’s unconscionable conduct in its dealings with franchisees.

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TAL refutes ASIC claims, stands by denial of coverage for cancer patient
ASIC 2020-02-24 2:24 pm By Cat Fredenburgh Melbourne

Life insurer TAL has stood by its decision to deny coverage to a cancer patient, which landed it in hot with the Australian Securities and Investments Commission, saying it would not have issued the policy had it known the patient saw a psychologist on several occasions.

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