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Crypto class action members ‘wholly unprotected’ by self-repped applicant, Meta says
Class Actions 2023-02-02 11:20 pm By Christine Caulfield

Arguing the interests of the self-represented applicant and group members are in conflict, Meta and Google are urging a court to shut down a class action accusing the digital giants of breaching competition law by banning cryptocurrency ads on their platforms.

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PwC partner denies involvement in alleged $3.3M fraud scheme
Accounting 2023-02-02 2:12 pm By Sam Matthews

A PricewaterhouseCoopers partner has hit back at a lawsuit over her alleged involvement in a $3.3 million scheme to defraud her husband’s employer, saying she believed payments into her account were made under a personal loan brokered by her husband from a “wealthy friend” in China.

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Ex-Nuix director wants class action shelved until ASIC case wraps up
ASIC 2023-02-02 4:12 pm By Sam Matthews

A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.

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Forge Group defeats challenge to insider trading case over $187M sale
Anthony Willinge 2023-02-02 5:54 pm By Cindy Cameronne

Collapsed engineering firm Forge Group has defeated an appeal seeking to block its liquidators from bringing a case against engineering company Clough Limited for alleged insider trading during the 2013 sale of a $187 million stake in the company.

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Class action funder’s son drops appeal of ruling linking him to Banksia scam
Andrew Palmer 2023-02-01 4:59 pm By Christine Caulfield

The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.

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ABC war crimes coverage defamed ex-commando, court finds
ABC 2023-02-01 1:09 pm By Cindy Cameronne

A judge has found that the ABC defamed ex-commando Heston Russell by implying he was involved in murdering an Afghan prisoner, but he rejected claims that the broadcaster’s coverage implied he was actively responsible as the shooter. 

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Muffin-eating lawyer can’t set aside Lawcover’s bankruptcy notice
Andre Zahra 2023-02-01 4:55 pm By Sam Matthews

Two Sydney lawyers have lost an application to set aside bankruptcy notices filed by their insurer claiming over $300,000 in legal costs, after a judge rejected their arguments about an “overarching conspiracy” in the case.

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Shaw & Partners conspired with defecting Fortrend advisors to steal clients, suit says
Corrs Chambers Westgarth 2023-01-31 5:13 pm By Sam Matthews

Stock broker Fortrend Securities has filed a suit alleging wealth manager Shaw & Partners sent unsolicited welcome letters to clients as part of a scheme involving two former advisors.

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SMBC mulls new claims in $34M lawsuit over Forum Finance receivables
Bridges Lawyers 2023-01-31 3:34 pm By Cindy Cameronne

Japanese bank SMBC has foreshadowed an application to add claims against Humm Group after the fintech’s subsidiary allegedly misled the bank about receivables under contracts forged by a Forum Group entity.

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Recidivist CFMMEU dodges calls for penalty ‘towards the maximum’ in FWO case
Construction 2023-01-31 4:28 pm By Sam Matthews

A judge has rejected arguments by the Fair Work Ombudsman that the CFMMEU should be slugged with a penalty close to the maximum for the conduct of union officers who failed to show entry permits at a worksite, but she has imposed personal penalties against two officers with a record of prior breaches.

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