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Sims settles shareholder class action for $29.5M
Alexander Edwards 2022-06-10 9:43 am By Christine Caulfield

Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely prospect of falling scrap metal prices.

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Norton Rose Fulbright prevails in bullying case by ex-marketing manager
Employment 2022-06-09 10:35 pm By Christine Caulfield

Law firm Norton Rose Fulbright has won the dismissal of a case brought by a former digital marketing manager who claims she was fired two months after making an internal complaint of bullying and sex discrimination by her supervisor.

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Meta wants details of tech capabilities kept under wraps in ACCC case
ACCC 2022-06-09 7:23 pm By Sam Matthews

Facebook owner Meta is fighting for broad non-publication orders in its battle with the ACCC over material it says could prejudice jury members in criminal proceedings by mining magnate Andrew Forrest.

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Money transfer biz directors slapped with first-ever sentences for cartel conduct
Abilene Singh 2022-06-09 12:36 pm By Cindy Cameronne

The directors of two money transfer businesses accused of fixing foreign exchange rates are the first ever individuals to be sentenced in Australia to prison terms for criminal cartel conduct.

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Waste tyre boss owes $2M for using Maersk to take out his trash, shipper alleges
Competition & Consumer Protection 2022-06-08 9:55 pm By Cindy Cameronne

A judge has struck out a defence invoking the right against self-incrimination in a $2 million case brought by freight company Maersk alleging a Melbourne waste tyre company director used the shipper to dump end-of-life tyres overseas. 

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ACCC, Fujifilm ‘close’ to settling case over small biz contracts
ACCC 2022-06-08 4:14 pm By Cindy Cameronne

The Australian Competition and Consumer Commission is “close” to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a court has heard.

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Nine wins challenge to production of draft 60 Minutes episode
Acting Justice Carolyn Simpson 2022-06-08 3:26 pm By Cindy Cameronne

Nine has won its legal challenge to orders that would have forced it to hand over a draft version of a 60 Minutes episode and restricted it from airing the program after an appeals court found a judge had no power to make the orders.

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
ASIC 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing orders won by the regulator earlier this month.

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Judge slams Andrews government for ‘opaque cover-up’ in hotel quarantine class action
Adam Hochroth 2022-06-07 6:45 pm By Cindy Cameronne

A judge has criticised the Andrews government for withholding information about the alleged transmission of COVID-19 to a security guard working in hotel quarantine in a class action claiming lapses in the program caused Victorian businesses to suffer losses. 

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Class action should foot the bill for first ever group costs order, judge says
Class Actions 2022-06-07 3:34 pm By Sam Matthews

A judge who ordered the first ever group costs order in a class action has found that the costs of the application should be borne by the class action.

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