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‘Bad publicity’ no reason to stay ASIC ban of ex-NAB adviser, tribunal says
A former Adelaide financial advisor that worked for a subsidiary of National Australia Bank has lost his bid for a temporary stay of a five-year ban for allegedly recommending that clients invest in failed fintech start-up Bux Global, after arguing the bad publicity could negatively affect the impending sale of his business.
CFMEU hit with lawsuit for taking action over DP World automation
The CFMEU is facing a lawsuit by four units of DP World Australia Group after refusing to accept the terms of four proposed enterprise agreements unless the stevedoring giant guaranteed it would not automate its terminals.
Facebook, Instagram to be barred from locking out users of Aussie social media startup
A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.
ISignthis may face shareholder class action over profit downgrade
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
‘Malishus’ trade mark owner appeals ruling awarding $10 in compensatory damages
An Australian musician is seeking to appeal a ruling in a trade mark lawsuit against New Zealand-based clothing company Malishus and its directors, which awarded him $32,000 in additional damages for "flagrant" infringement but only $10 in compensatory damages.
Top NRL player agent Sam Ayoub wins case against protege who poached 18 players
Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.
Thiel partner in Gawker takedown seeks $2M in new lawsuit
An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.
FWC dismisses case after Facebook pics show ‘agoraphobic’ beautician sunning it up
The Fair Work Commission has dismissed a general protections dispute brought by an "agoraphobic" beautician after social media posts revealed an active social life including gin, Greek food and the Melbourne Cup.
Sydney financial advisor hit with $14.5M class action by Chinese investors
A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
Former director of internet company gets 6 years in jail for fraud
The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.