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Why ‘sticking to her guns’ on common fund orders paid off for Allens’ Kirsty Prinsloo
Allens 2021-06-30 9:12 pm By Cindy Cameronne

According to close family and friends, Allens managing associate Kirsty Prinsloo’s argumentative nature destined her for a career in the law.

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After triumphing in beauty parade, Maurice Blackburn seeks stay of PFM’s Boral class action
Cameron Moore 2021-06-30 7:03 pm By Cat Fredenburgh

After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.

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Court finds trader was defamed by ASIC but throws out $10M lawsuit
Andrew Harding 2021-06-30 5:38 pm By Miklos Bolza

Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.

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Ken Talbot’s widow can’t represent daughters in negligence case against Arnold Bloch Leibler
Anastasia Nicholas 2021-06-30 5:18 pm By Miklos Bolza

The widow of mining executive Ken Talbot has lost a bid to act for two of her daughters in a  negligence case over the handling of her late husband’s estate against law firms Arnold Bloch Leibler and Boyd Legal, with a judge finding claims by the mother and daughters were “directly competing and contrary”.

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Mayfair 101’s James Mawhinney says he should not face penalty in ASIC case
ASIC 2021-06-30 1:15 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.

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7-Eleven agrees to settle franchisee class actions
7-Eleven 2021-06-30 12:35 pm By Miklos Bolza

7-Eleven has reached an in-principle agreement to settle two class actions which accused the convenience store giant of misleading franchisees and underpaying employees at its stores.

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Sumo Power fined $1.2M for misleading consumers
ACCC 2021-06-30 9:48 am By Cat Fredenburgh

Victorian electric utility Sumo Power has been fined $1.2 million for luring customers with the promise of discounts and low rates only to jack up their prices months later.

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Barrister reprimanded for lewd gesture faces appeal by NSW Bar Association
Legal Ethics 2021-06-29 10:14 pm By Cat Fredenburgh

The Council of the NSW Bar Association has filed an appeal after a tribunal found that a Sydney barrister who allegedly pushed an assistant clerk’s head while making a sexual remark at a professional dinner did not commit sexual harassment but was engaging her in “horseplay”.

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S&P class action applicant resists paying security for ratings agency’s costs
Banton Group 2021-06-29 5:13 pm By Christine Caulfield

A fight is looming over a bid by S&P Global for a class action applicant to pay security for the legal costs of defending the litigation, with the applicant arguing it shouldn’t have to fork over anything.

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Former Nuix CFO, family members caught up in $17.8M insider trading probe
Andrew O'Brien 2021-06-29 2:20 pm By Christine Caulfield

The corporate regulator has secured a travel ban against the brother of former Nuix CFO Stephen Doyle as it pursues a criminal investigation of alleged insider trading by the executive and his family.

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