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In battle of Spitfire creditors, appeals court provides clarity on R&D refunds
Appeals 2023-05-31 2:22 pm By Cindy Cameronne Sydney

A private investment fund has won its claim as a secured creditor over $2 million in research and development tax refunds that a court previously found should go to employees in a fight over funds remaining following the collapse of fintech Spitfire Corporation. 

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FWO urged to redo maths in underpayments case against Rebel Sport owner
Allens 2023-05-30 11:48 pm By Gareth Baker Sydney

A judge has urged the Fair Work Ombudsman to act quickly after it told the court it accidentally undervalued claimed underpayments in a case against the owner of Rebel Sport, the regulator’s first case against a holding company for alleged wrongdoing by its subsidiaries.

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Tradie platform Hipages admits using ‘subscription traps’
ACCC 2023-05-30 11:05 pm By Gareth Baker Sydney

Online home improvement platform Hipages has admitted that it likely engaged in misleading or deceptive conduct by failing to disclose contract terms that allowed it to automatically renew subscriptions and charge early termination fees.

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Tyro class action judge OK’s $2.5M in settlement deductions after railing against earlier deal
Bannister Law 2023-05-30 11:04 pm By Cindy Cameronne Sydney

A judge who eviscerated a prior bid by a law firm and funder to take home 60 per cent of a $5 million class action settlement with Tyro has allowed them to net half of the proceeds, questioning whether some of the costs amounted to a “complete breach” of legal professional duties.

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King & Wood Mallesons ignored Sargon liquidators’ demand for $540,000, court told
ERA Legal 2023-05-30 10:53 pm By Sam Matthews Melbourne

A lawsuit by the liquidators of Sargon Capital alleges law firm King & Wood Mallesons “refused or neglected” a demand to return over $540,000 in alleged unfair preference payments and should have known the fintech was insolvent when the payments were made.

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‘Why do they have to be so precise’: Judge quizzes crypto issuer over class action pleadings
Andrew Crowe 2023-05-30 3:53 pm By Sam Matthews Melbourne

The judge overseeing a class action against Qoin cryptocurrency issuer BPS Financial and several related companies has questioned the level of precision required of the pleadings, as the company fights the  applicant’s bid to amend its case for the fourth time.

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Bruce Lehrmann drops defamation case against News Corp
Defamation 2023-05-30 3:26 pm By Christine Caulfield

Accused rapist Bruce Lehrmann has discontinued his case alleging News Corp and journalist Samantha Maiden defamed him with the publication of two articles on the alleged assault of Liberal staffer Brittany Higgins.

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Trial vacated in class action against Deloitte over Hastie audits
Accounting 2023-05-30 2:57 pm By Christine Caulfield

Trial in a protracted class action against Deloitte over the collapse of construction group Hastie has been abandoned, signalling a settlement is in the works.

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ACCC tells ‘fake local’ florists to get out of town
ACCC 2023-05-29 11:37 pm By Gareth Baker Sydney

The ACCC has brought proceedings against a national flower retailer for allegedly adapting its websites and google ads to deceive online customers into believing they were a local florist. 

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ASIC lifts stop order on Humm’s buy now, pay later products
ASIC 2023-05-29 11:07 pm By Gareth Baker Sydney

The Australian Securities and Investments Commission has revoked an interim stop order against Aussie fintech Humm Group, which had been preventing the company from selling its buy now, pay later product to new customers.  Humm revealed the news in an announcement on Monday, only days after the order was issued out of concerns around the…

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