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NAB’s cultural review report in ‘boys’ club’ suit protected by legal privilege, says judge
Christopher Parkin 2023-09-11 6:24 pm By Cindy Cameronne

NAB can shield a report commissioned by its lawyers at Herbert Smith Freehills into the bank’s workplace culture from a former head of repo trading who alleges she was bullied and paid less than other workers because of her gender. Federal Court Justice Wendy Abraham ruled on Friday that a report by Wise Workplace Solutions…

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Mawhinney must pay $1.3M to continue suit against McGrathNicol receivers
Dentons 2023-09-11 5:09 pm By Cindy Cameronne

Mayfair 101 founder James Mawhinney must pay $1.3 million in security within six weeks or a case brought on behalf of his property management group Mainland against a lender and two McGrathNichol receivers will be thrown out. 

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Care A2 tries again to block Gensco’s US suit over baby formula deal
Appeals 2023-09-08 11:57 pm By Cat Fredenburgh

Infant formula giant Care A2 will try again to block business partner Gensco from bringing claims against it in a US court that overlap with a $200 million Australian lawsuit over a deal to sell formula in the US.

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COVID-19 insurance class action members can ‘have their cake and eat it too’: judge
Allens 2023-09-08 11:55 pm By Cindy Cameronne

A judge considering bids to de-class COVID-19 business interruption class actions has said group members can sign up for the representative proceedings but later decide to make claims directly with their insurers.

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Judge refuses to bar children, non-Indigenous people from PFAS settlement
Anya Poukchanski 2023-09-08 11:26 pm By Cindy Cameronne

A judge has rejected a bid by in-fighting group members to bar children and non-Aboriginal residents in the Wreck Bay community from receiving a cut of an approved $22 million settlement over alleged PFAS contamination.

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ME Bank pleads guilty to misleading borrowers, says crime didn’t hurt anyone
ASIC 2023-09-07 11:00 pm By Sam Matthews

Direct bank Members Equity has pleaded guilty to criminal charges over misleading representations to customers, but a judge has questioned the bank’s submissions in favour of a low penalty, noting it was only “happenstance” that a systems glitch didn’t lead to worse outcomes for customers.

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Swift Networks cops $1.2M penalty for rigging bids
ACCC 2023-09-07 10:57 pm By Cat Fredenburgh

Telco Swift Networks has been hit with a $1.2 million penalty for bid rigging and price fixing in the tender process for supplying IT and communications equipment for three Rio Tinto and Fortescue Metals mining projects in WA’s Pilbara region.

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ASIC wins case against digital lender Ferratum
ASIC 2023-09-07 11:41 am By Cindy Cameronne

The Australian Securities and Investments Commission has won its case against Finnish microloan company Ferratum alleging it overcharged vulnerable, low-income consumers during the height of the COVID-19 pandemic. 

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Receivers reach agreement with Melissa Caddick’s husband
Baker McKenzie 2023-09-06 11:53 pm By Sam Matthews

The receivers of Melissa Caddick’s estate have reached an in-principle agreement with the Sydney frauster’s husband and son in relation to the division of a small number of remaining assets.

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Law firms to team up in shareholder class action against Medibank
Adam Hochroth 2023-09-06 11:44 pm By Sam Matthews

A judge has approved a bid to consolidate two shareholder class actions against Medibank over a cyberattack that affected 10 million customers, finding that having two firms on the record is better than a carriage contest.

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