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Social media companies will be forced to unmask trolls or face defamation suits
Defamation 2021-11-29 3:57 pm By Cat Fredenburgh

Twitter, Facebook and other social media companies may soon be required to reveal the identity of users who post defamatory comments on their platforms, or risk being sued for defamation.

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Herbert Smith Freehills competition partner appointed ACCC commissioner
ACCC 2021-11-29 1:01 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has appointed an esteemed Herbert Smith Freehills competition partner who defeated some of the regulator’s most high-profile merger challenges to be a commissioner.

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Macquarie Group targeted in second class action over $1.8B Nuix IPO
Banton Group 2021-11-25 1:11 pm By Cat Fredenburgh

The battle to lead a shareholder class action against Nuix over its $1.8 billion initial public offering is on, with a second class action lobbed that accuses the embattled technology company and underwriter Macquarie of failing to alert shareholders to a slew of “red flags” in the business.

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ASIC gets time to mull class action’s bid to ring-fence $7.2M Dixon Advisory penalty
ASIC 2021-11-25 1:59 pm By Cat Fredenburgh

A court has delayed a hearing on a bid by the applicant in a class action against Dixon Advisory to freeze a $7.2 million penalty secured by the Australian Securities and Investments Commission against the self-managed superfund provider so the corporate regulator can consider its position on the request.

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Nuix hit with shareholder class action over $1.8B IPO
Class Actions 2021-11-22 11:54 am By Cat Fredenburgh

Embattled technology company Nuix has been hit with a shareholder class action over its $1.8 billion December float on the ASX.

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Dixon Advisory class action wants court to hold penalty in ASIC case
ASIC 2021-11-19 1:21 pm By Cat Fredenburgh

The applicant in a class action against self-managed superfund provider Dixon Advisory wants to intervene in ASIC’s proceedings, which the company agreed to resolve for $7.2 million, saying any penalty in the case should be held by the court until the resolution of the class action.

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ASIC hits MLC with $17.5M court action over insurance failures
ASIC 2021-11-19 9:14 am By Cat Fredenburgh

The corporate regulator has taken MLC Limited to court, alleging the insurer’s failure to implement proper systems and controls over a more than 20 year period caused $17.5 million in harm to over a quarter million consumers.

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Former MP Craig Thomson arrested, charged with $2M visa fraud
White Collar 2021-11-17 3:37 pm By Cat Fredenburgh

Former Labor MP Craig Thomson has been arrested and charged with reaping more than $2 million from facilitating more than 130 fraudulent visa applications.

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Ex-Healthe Care exec fined $10,000 for insider trading
ASIC 2021-11-17 12:00 pm By Cat Fredenburgh

A former executive of hospital operator Healthe Care has been sentenced and fined $10,000 after pleading guilty to one charge of insider trading for acquiring a large number of the company’s shares while in possession of inside information regarding plans to acquire a rival hospital operator.

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Class action investigation targets NSW Police over strip searches at music festival
Class Actions 2021-11-16 11:17 am By Cat Fredenburgh

NSW Police may be hit with a class action for allegedly subjecting attendees of the Splendour in the Grass music festival to “invasive and traumatic” strip searches.

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