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Employsure suffers partial loss in appeal by defecting employees
Employment 2022-10-11 5:20 pm By Cindy Cameronne

Workplace relations heavyweight Employsure has suffered a partial defeat in appeals brought by rival ELMO Software and two former employees seeking to jump ship to a competitor.

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Cornerstone liquidators can sign funding pact for $46M case against PwC
Accounting 2022-08-30 2:00 pm By Sam Matthews

A judge has granted the liquidators of Cornerstone Investment Australia leave to sign a funding agreement for the insolvent tertiary education provider’s $56 million professional negligence claim against accounting firm PricewaterhouseCoopers.

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Google cops $60M penalty in location data privacy case
ACCC 2022-08-12 11:22 am By Cindy Cameronne

Google has agreed to pay a $60 million penalty in proceedings brought by the Australian Competition and Consumer Commission alleging the tech giant misled users about the collection and use of their location data.

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PwC partners knew of unlawful dividend payment to Cornerstone director, court told
Accounting 2022-07-22 9:55 pm By Cindy Cameronne

PwC partners are facing “very serious” allegations that they had actual knowledge that a $30 million dividend payment to the director of now defunct tertiary education provider Cornerstone was unlawful.

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Law firm wants 25% of $56.3M Colonial class action settlement
Adam Hochroth 2022-05-02 3:14 pm By Christine Caulfield

Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.

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Judge to appoint costs referee in $56.3M Colonial First class action settlement
Adam Hochroth 2022-04-06 3:33 pm By Sam Matthews

Continuing a recent trend in class actions, a judge will appoint a referee to weigh in on Maurice Blackburn’s costs in a $56.3 million settlement in a class action against Colonial First State, but has so far declined to appoint a contradictor.

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Colonial First State settles MySuper class action for $56M on eve of trial
Adam Hochroth 2022-04-04 2:59 am By Christine Caulfield

Colonial First State will pay $56.3 million to settle a class action that accused the wealth management group of delaying the transfer of $3.2 billion in customer funds to low cost MySuper accounts.

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Court won’t let class action parties pay for judge to travel for Sydney trial
Adam Hochroth 2022-03-10 3:41 pm By Christine Caulfield

The Federal Court won’t permit a Melbourne-based judge to travel to Sydney on the dime of the parties in a class action against wealth management group Colonial First State, but will foot the bill itself.

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Bristol-Myers Squibb to open up cancer treatment program to settle Merck Sharpe & Dohme lawsuit
Clayton Utz 2022-02-09 7:01 pm By Cat Fredenburgh

Bristol-Myers Squibb has agreed to open up its subsidised treatment program for stage IV melanoma patients to individuals who have been treated with drugs made by its competitors to settle a misuse of market power lawsuit brought by rival Merck Sharpe & Dohme.

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Citing ‘leisure wear effect’, MySuper class action seeks in-person hearing
Adam Hochroth 2022-02-08 3:03 pm By Cat Fredenburgh

The parties in a class action accusing a Commonwealth Bank of Australia unit of breaching its superannuation trustee duties want the matter to be heard in person and are willing to foot the bill for the judge to travel to Sydney to make it happen.

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