Most Recent
GetSwift hit with $15M penalty in ASIC action over misleading announcements
ASIC 2023-02-16 3:39 pm By Sam Matthews Melbourne
GetSwift has been hit with a $15M penalty and several of its directors have been slapped with substantial penalties after the company was found to have misled shareholders in breach of the Corporations Act.
Two more class actions target Hyundai, Kia over ‘defective’ engines
Automotive 2023-02-16 4:18 pm By Christine Caulfield
Hyundai and Kia have been hit with new class actions alleging the Korean car makers knew of engine issues in cars sold in Australia as far back as 2015.
Consumers would have right to sue for privacy breaches under proposed reforms
OAIC 2023-02-16 10:04 pm By Cat Fredenburgh
The Attorney-General has proposed an overhaul of Australia's privacy laws that would allow consumers to sue for Privacy Act breaches and bring in an EU-style right to be forgotten.
Hall & Wilcox poaches finance partner from Baker McKenzie
Baker McKenzie 2023-02-16 1:30 pm By Sam Matthews Melbourne
Hall & Wilcox has lured a Baker & McKenzie veteran and renewables specialist to lead its Sydney finance practice.
Saga of common fund orders ripe for return to High Court
Analysis 2023-02-15 10:16 pm By Christine Caulfield
The question of power to make a common fund order at the end of a class action was no longer a hypothetical one and it was time to send the issue to the Full Federal Court. That's what the 7-Eleven class action judge was told 15 months ago but he failed to heed the advice, resulting in a court deeply divided and funders clamouring for reform.
Whitehaven coal mine extension illogical amid ‘deadly’ climate crisis, court told
David Hume 2023-02-15 1:43 pm By Cindy Cameronne Sydney
The NSW Independent Planning Commission’s decision to approve an extension for Whitehaven’s Narrabi coal mine was “legally illogical” amid current knowledge of the “extraordinary and deadly” impact of climate change, a court has heard.
Pitcher Partners loses bid to stay suit over Zap Fitness buy-back
Accounting 2023-02-15 2:40 pm By Sam Matthews Melbourne
Pitcher Partners has failed to stay a Federal Court suit alleging the accounting firm failed to properly advise former Zap Fitness owner Bective Enterprises on a troubled share buy-back scheme, in light of a Supreme Court bid by another key player to shut the case down.
Sydney Flames wins fast-tracked hearing in Shane Heal’s adverse action suit
Bilal Rauf 2023-02-15 4:28 pm By Sam Matthews Melbourne
The Sydney Flames has secured an expedited hearing in a Fair Work case filed by basketball great and former head coach Shane Heal.
ASIC to keep up scrutiny of crypto assets, greenwashing in 2023
ASIC 2023-02-15 5:23 pm By Cindy Cameronne Sydney
The Australian Securities and Investments Commission's has detailed its enforcement priorities for 2023, which include a continued focus on predatory lending, crypto-assets and greenwashing.
7-Eleven class action judge says CFOs never available, slashes funder’s payout
7-Eleven 2023-02-14 10:30 am By Cindy Cameronne Sydney
The High Court killed off all common fund orders, not just the kind sought at the start of a class action, a judge has said as he cut in half the payout for a litigation funder bankrolling two franchisee class actions against 7-Eleven.