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ASIC says auditors weren’t required to school iSignthis on disclosure obligations
Ashurst 2021-03-16 10:17 pm By Cat Fredenburgh Melbourne

ASIC has fired back at iSignthis’ defence to the regulator’s claims that it violated the Corporations Act by not disclosing $3 million in one-off revenue related to integration agreements, saying it was not the job of its compliance officials to school the fintech on its disclosure obligations.

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Lawyer gets greenlight to file late defamation suit against Ten
Appeals 2021-03-16 5:22 pm By Miklos Bolza Sydney

A Sydney solicitor has won an extension of time to file a defamation case against Network Ten after an appeals court found he had valid reason for not bringing the case by the one-year deadline — fighting criminal charges that were eventually dropped.

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‘Both of you don’t look that great’: Judge criticises parties in dispute over Qantas exec’s defection to Virgin
Employment 2021-03-16 4:54 pm By Cindy Cameronne Melbourne

A judge has criticised the “clearly strategic” moves by Qantas and former senior executive Nick Rohrlach in their fight over whose lawsuit should resolve a dispute about the terms of his defection to competitor Virgin Australia.

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Junior doctors in Victoria launch class action over unpaid overtime
Class Actions 2021-03-16 2:10 pm By Miklos Bolza Sydney

Victorian public healthcare provider Peninsula Health has been hit with a class action brought by junior doctors who claim they were deliberately unpaid despite working a significant amount of overtime each week.

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Silk Norman O’Bryan loses bid to reopen his defence in Banksia class action
Allan Myers 2021-03-16 11:26 am By Christine Caulfield Melbourne

Barrister Norman O’Bryan SC has failed in his last-ditch bid to reopen his defence in the Banksia class action to submit evidence he says shows he did not retain an interest in the litigation funder behind the case.

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Lawyers, funder in Banksia misconduct case could face $10M hit
Andrew Palmer 2021-03-15 11:02 pm By Christine Caulfield Melbourne

The judge overseeing the trial alleging fraud on the part of barristers and the funder behind a class action over Banksia Securities will be asked to award at least $32 million to the failed property lender’s 16,000 debenture holders for the serious misconduct alleged against the lawyers.

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High Court rejects Rinehart’s ‘very odd’ special leave bid in dispute over mining assets
Adam Hochroth 2021-03-15 8:39 pm By Miklos Bolza Sydney

The High Court has rejected special leave applications by mining magnate Gina Rinehart to appeal a ruling which only partially stayed a legal dispute over ownership rights and royalties relating to the Rinehart family-owned Hope Downs iron ore mine, with one judge calling the mining magnate’s arguments a “tortured articulation” and “very odd”. 

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Lorna Jane says it believed activewear would protect users from COVID-19
ACCC 2021-03-15 4:40 pm By Cindy Cameronne Sydney

Women’s activewear company Lorna Jane has defended ACCC allegations that it represented to consumers during that height of the coronavirus pandemic that its activewear would protect them from viruses including COVID-19, saying it had a reasonable and proper basis for making the claims. 

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Law firm racked up $60M legal bill in Queensland floods class action
Appeals 2021-03-15 2:01 pm By Miklos Bolza Sydney

The law firm behind a long-running class action over the 2011 floods in Queensland which reached a $440 million partial settlement last month has estimated that its legal bill to date totals around $60 million.

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Dreamworld operator denies ‘obvious’ ride risks in $310M class action defence
Class Actions 2021-03-15 12:14 pm By Miklos Bolza Sydney

Ardent Leisure Group has hit back at a $310 million shareholder class action, denying that there were “obvious” risks in its Thunder River Rapids Ride ahead of a 2016 tragedy at the Dreamworld theme park which claimed four lives.

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