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Tolga Kumova wins order barring Stock Swami Twitter ‘campaign’
Barry Dean 2023-02-10 6:48 pm By Cindy Cameronne

Mining investor Tolga Kumova has won an order banning the man behind the Twitter handle Stock Swami from publishing allegations concerning the his past actions after a judge found he was defamed by tweets accusing him of insider trading.

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FWO brings first-ever legal action against franchisor
Employment 2023-02-09 5:23 pm By Cindy Cameronne

The Fair Work Ombudsman has brought its first-ever court proceedings against a franchisor, alleging it is legally responsible for its franchisees’ underpayments of nine workers.

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Melbourne craft brewery’s zero carb rival didn’t rip off IP, judge finds
By George Legal 2023-02-09 4:24 pm By Cindy Cameronne

Melbourne craft beer producer Brick Lane Brewing has lost its lawsuit accusing three companies behind the zero carb Better Beer of ripping off its packaging in breach of the Australian Consumer Law.

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Shaw & Partners advisors barred from contacting Fortrend clients
Alexander Di Stefano 2023-02-09 4:23 pm By Cindy Cameronne

Stock broker Fortrend Securities has secured an order prohibiting two former advisors from contacting their old clients while they litigate a dispute alleging the advisors conspired with Shaw & Partners to poach customers.

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High Court guts peak indebtedness rule in loss for Gunns creditor
Appeals 2023-02-08 4:23 pm By Cindy Cameronne

Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.

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Gunns Plantations class action against KPMG settles with ex-Tasmanian Premier
Accounting 2023-02-08 3:54 pm By Cindy Cameronne

A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled its claims against former Tasmanian Premier Robin Gray.

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Full Court triples ‘manifestly inadequate’ penalty against Employsure
ACCC 2023-02-08 11:34 am By Cindy Cameronne

The Australian Competition and Consumer Commission has won its appeal against Employsure over alleged misleading Google advertisements, with the Full Federal Court upping the penalty against the specialist workplace relations consultancy from $1 million to $3 million.

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Barrister loses costs review after fee estimate blows out by 480%
Business of Law 2023-02-07 5:34 pm By Cindy Cameronne

A Sydney barrister who charged $349,360 after giving an estimate of $60,000 for work on a bankruptcy case has lost his bid for a costs review after his fee was slashed, with a judge finding his client could not make an informed choice about her representation.

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Law firms pounce on Star Entertainment as fourth class action filed
Class Actions 2023-02-07 12:17 pm By Cindy Cameronne

A four-way fight to lead a shareholder class action against Star Entertainment could be on the cards after a fourth law firm filed a representative proceeding alleging the company’s share price plummeted following revelations of alleged money-laundering breaches.

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Nuix ex-CEO loses $180M case over options agreement
Contracts 2023-02-07 10:12 am By Cindy Cameronne

Nuix has defeated a lawsuit by ex-CEO Edward Sheehy alleging he was owed $183 million in options under a 2008 agreement, with a judge finding the options could only be exercised if the company was sold.

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