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Insurer Select AFSL acted unconscionably when selling life, funeral and accidental injury insurance over the phone, a court has found in a case brought by the Australian Securities and Investments Commission.
A judge overseeing the settlement approval of an underpayments class action against telco contractor BSA has questioned whether litigation funders should receive commissions lower than the market rate for running employment class actions.
A judge has questioned why solicitors representing Twitter personality Stock Swami published a media release about his “backstory” two days before trial in a defamation case brought by mining investor Tolga Kumova.
The Australian Securities and Investments Commission has filed civil penalty proceedings against advisory firm Lanterne Fund Services, alleging it ran a “wholly deficient business”.
A judge overseeing a defamation case brought by Tolga Kumova against Twitter personality Stock Swami has said tweets the mining investor published which allegedly spruiked shares in which he invested were “clearly apt to mislead”.
A judge has questioned the Finance Sector Union’s idea to use a survey to gather evidence about 3,000 employees who claim the Commonwealth Bank of Australia failed to provide them with paid rest breaks for at least six years.
Virgin Australia will seek to throw out a case brought by former employees over a COVID-19 vaccine mandate, which a lawyer for Qantas and Jetstar, which are also named in the suit, said “breaks every pleading rule”.
Mining investor Tolga Kumova is “likely” to go after Twitter personality Stock Swami for contempt of court after he admitted he lied and withheld evidence in a defamation case, despite a judge saying there was “no smoking gun”.
AIG can't force investment firm Sayers to hand over communications over which it claimed legal professional privilege, with a judge rejecting the argument that Sayers could not “cherry pick” which advice it disclosed after waiving privilege over advice given by two barristers in 2017 and 2019.
Litigation funder Embedded Claims has filed court proceedings against one of its shareholders after its former bankrupt director “ineffectively” transferred off half of his shares.