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Citigroup facing $300,000 lawsuit over alleged conflicted financial advice
A Citigroup customer has hit the bank with a lawsuit alleging it gave her conflicted financial advice to invest most of her savings in “risky” products, despite being an inexperienced investor with limited funds.
Connective directors hit with indemnity costs for ‘outrageous’ conduct in shareholder stoush
The directors of mortgage aggregator Connective Services have been hit with indemnity costs for their "outrageous conduct" in pursuing litigation against a company shareholder, including giving false statements and destroying evidence.
Judge to appoint costs referee in $56.3M Colonial First class action settlement
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.
Morrison cleared to call election after failure of challenge to Liberal pre-selections
A court has dismissed a challenge by a Liberal Party member to a decision by prime minister Scott Morrison and two other members of the federal executive to endorse incumbents to contest seats in NSW at the upcoming election, a ruling that paves the way for the PM to name the date.
‘Bad luck’: Judge denies penniless Captain Cook College’s appeal delay bid
A judge has rejected an application by training provider Captain Cook College to postpone the hearing of its appeal in a case won by the ACCC, saying the company's inability to fund the appeal was “largely a problem of [its] own making.”
Treasury Wine Estates’ ‘fishing’ claim against class action firms falls flat
Law firms accused of “fishing for a case” in a consolidated shareholder class action against Treasury Wine Estates have won access to key financial information in reports to the company’s board, with a registrar finding the material was relevant to the case.
Ex-GC can’t access fintech’s financials ahead of mediation in discrimination case
The former general counsel of UK-based transit payment service provider Littlepay has lost her bid to access the firm's financial statements ahead of mediation in a lawsuit alleging she faced discrimination and bullying when she returned to work after the birth of twins.
Judge takes ‘wait and see’ approach to trial in Epic cases against Apple, Google
A judge has held off selecting from a "basket of imponderables" in determining how he will hear two competition lawsuits by Epic Games against Apple and Google over the removal of the popular multiplayer game Fortnite from the tech giants' online stores.
Nine pays $39,000 to settle defamation case by writer Clementine Ford
Nine-owned Fairfax Media and journalist Tory Maguire have settled a defamation lawsuit brought by feminist writer Clementine Ford over a statement Maguire made referring to “vile and personal attacks” by Ford.
Tokio Marine goes on the offensive, accuses Greensill of fraud
Collapsed supply chain finance company Greensill Capital has been accused of fraudulently obtaining policies from its largest insurer, Japan-based Tokio Marine, which has been dragged into four lawsuits over a trade credit policy issued in 2019.