The man behind the Twitter handle Stock Swami has been ordered to pay $275,000 in damages to Tolga Kumova, after a judge found his tweets defamed the mining investor by accusing him of insider trading, misleading the market, and running a pump and dump scheme.
A judge has approved a settlement in a class action against Queensland-based RMS Engineering and Construction alleging it refused to give staff meal breaks and threatened those who complained about excessive hours.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
A former director of Spaceship Capital Limited has succeeded in overturning a banning order imposed by ASIC, with a tribunal finding he may have been kept in the dark about the software bug that led to the ban.
A judge has found Shenzhen-based based radio manufacturer Hytera engaged in “substantial industrial theft” by appropriating Motorola’s source code for its digital mobile radios and should be on the hook for additional damages for “flagrantly” infringing Motorola’s copyright.
Retail Food Group has agreed to a settlement worth $10 million in ACCC proceedings alleging the franchise giant misled purchasers of loss-making stores about the viability of its stores.
The state of Western Australia has been left with a $2 million legal bill for defending a defamation action by billionaire Clive Palmer and advancing cross-claims on behalf of premier Mark McGowan, which a judge blasted as “a futile exercise”.
The founder of investment group Mayfair 101 must foot half his costs of a successful appeal of a 20-year ban on fund raising because of the many “spurious” grounds of appeal he pressed.
A lawyer who was found guilty of professional misconduct for failing to pay $23,000 in fees to senior counsel has won a bid to access a report relating to the silk’s health on appeal.
Law firm Holding Redlich has been sued by the NSW Labor Party for allegedly providing negligent advice on $100,000 in illegal political donations delivered in an Aldi bag and the ICAC investigation that followed, setting the party back $1.8 million in legal costs.