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Judge rejects Seven’s ‘most unusual request’ to correct judgment in Roberts-Smith case
Appeals 2023-08-18 1:57 pm By Cindy Cameronne

A judge has rejected a request by lawyers for Seven and the TV network’s billionaire chairman, Kerry Stokes, to issue a correction to his published decision ordering the production of over 8,600 emails exchanged with Ben Roberts-Smith’s lawyers in a defamation case.

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Age pension class action files High Court challenge
Appeals 2023-08-17 10:22 pm By Cindy Cameronne

A class action has challenged a decision that found the age pension does not discriminate against Indigenous Australians because of differences in life expectancy, arguing the Full Court settled for formal rather than substantive equality.

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Jones Day snags M&A lawyer from Latham & Watkins
Business of Law 2023-08-17 11:34 am By Cindy Cameronne

Jones Day has added a corporate transactions counsel who spent 12 years working in New York, most recently at Latham & Watkins LLP, to join its Sydney team. 

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ASIC loses appeal in CBA conflicted remuneration case
Anna Wilson 2023-08-17 10:32 am By Cindy Cameronne

ASIC has lost its challenge to findings that a revenue sharing arrangement between the Commonwealth Bank of Australia and former subsidiary Colonial First State Investments did not breach conflicted remuneration provisions of the Corporations Act.

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Norovirus class action defeats Carnival’s latest strike-out bid
Class Actions 2023-08-16 11:49 pm By Cindy Cameronne

A class action against Carnival over norovirus outbreaks on its Sun Princess cruise ship has defeated the cruise operator’s second strike out bid, with a judge saying the failure to identify what exactly went wrong “may not be fatal” to the case.

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Best & Less to backpay workers $5.2M in agreement with FWO
Employment 2023-08-16 1:25 pm By Cindy Cameronne

Retailer Best & Less will back-pay staff over $5.2 million as part of an undertaking to the Fair Work Ombudsman, after an internal review found salaried managers were not paid enough to cover their entitlements.

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Blue Sky director points finger at EY in shareholder class action
Accounting 2023-08-15 10:55 pm By Cindy Cameronne

A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management. 

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Noumi to face penalty in ASIC case after admitting to inflated inventory
Ashurst 2023-08-15 9:46 pm By Cindy Cameronne

Noumi has admitted in a case by ASIC to breaching its continuous disclosure obligations by overstating the value of its inventory and failing to give a true and fair view of the company’s financial position.

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Three-way contest looms to run class action against IG Markets over CFDs
Banton Group 2023-08-15 11:16 am By Cindy Cameronne

IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.

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Dixon Advisory class action loses novel bid for docs to use in mediation
Class Actions 2023-08-14 10:46 pm By Cindy Cameronne

A judge has refused a lead applicant’s novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.

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