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Barilaro plans ‘wholesale attack’ on Youtuber Jordan Shanks’ truth defence
Christopher Parkin 2021-07-09 2:47 pm By Cat Fredenburgh Melbourne

NSW Deputy Premier John Barilaro will seek to strike out YouTube star Jordan Shanks’ defence to a defamation lawsuit which argues the imputation that the Nationals leader is a “corrupt conman” is substantially true.

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Dixon Advisory to pay $7.2M for violating best interests duty
ASIC 2021-07-09 10:37 am By Cat Fredenburgh Melbourne

Dixon Advisory has agreed to pay a $7.2 million penalty after admitting to ASIC’s allegations that it failed to act in its clients’ best interests on 53 occasions.

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Apple will take fight with Epic Games to the High Court
ACCC 2021-07-09 9:53 am By Cat Fredenburgh Melbourne

Apple plans to appeal the Full Federal Court’s decision that Epic Games’ misuse of market power lawsuit over it App Store terms should be heard in Australia because the case raises issues of “fundamental public interest”.

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$23.6M Vocation class action bill might have been ‘materially lower’, judge says
Accounting 2021-07-23 11:09 pm By Cat Fredenburgh Melbourne

A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been “materially lower” had the case been run by one funder and firm instead of two.

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Tradie briefs not the ‘Aussiest undies ever’ but made in China, rival says
Competition & Consumer Protection 2021-07-08 9:08 pm By Cat Fredenburgh Sydney

The company that manufactures men’s briefs under the brand name Tradie is being sued by a rival, alleging it misled consumers by claiming the underpants were the “Aussiest undies ever”.

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Instagoods takes trade mark fight with Instagram to Federal Court
Davies Collison Cave 2021-07-08 3:49 pm By Cat Fredenburgh Sydney

Retail tech and dating start-up Instagoods has appealed a successful challenge of its Instadate trade mark registration by social media giant Instagram.

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Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
Andrew Hourigan 2021-07-07 4:51 pm By Cat Fredenburgh Melbourne

The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.

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Second COVID-19 insurance test case to be decided by end of year
Chief Justice James Allsop 2021-07-07 1:38 pm By Cat Fredenburgh Melbourne

A COVID-19 business interruption test case that was filed in the Federal Court following a landmark loss for insurers in test case before the NSW Court of Appeal, will be determined along with any appeals by the end of the year, a judge has said.

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Halifax auditor pleads guilty to criminal charges over auditing breaches
Accounting 2021-07-07 9:29 am By Cat Fredenburgh Melbourne

The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.

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Arrium settlement was a ‘substantial compromise’, judge says
Amy Munro 2021-07-05 4:05 pm By Cat Fredenburgh Melbourne

A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was “substantial”, the deal involved a “substantial compromise”.

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