ASIC

ASIC sues super trustee over $300M investment in First Guardian fund

ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital's failed First Guardian Master fund.

Class Actions

Woolworths hit with second class action in two months

Woolworths is under siege by lawyers, with the supermarket giant facing another class action following findings that put it on the hook for hundreds of millions of dollars in staff compensation.

Insurance

Greensill can’t access privileged copy of Tokio Marine unit’s database

Collapsed supply chain finance company Greensill Bank can't access a copy of a Tokio Marine unit's database, with a judge finding the copy was created for the primary purpose of HWL Ebsworth providing legal advice.

Securities

TG Metals shareholder wins bid to inspect company’s books

A shareholder of gold and lithium exploration company TG metals has won its bid to inspect the company’s books over concerns about two capital raisings that occurred within six weeks of each other. 

Intellectual Property

‘Not responsible litigants’: Fed-up judge issues 30th judgment in vodka TM case

After years of pre-trial stoushes, a trademark dispute over Russian vodka has worn a Federal Court judge's patience thin, with the judge remarking that the court was entitled to expect better from the litigants.

ACCC

ACCC appoints NSW data chief as commissioner

The Australian Competition and Consumer Commission has appointed the NSW government’s former chief data scientist as a commissioner, adding experience in AI as the regulator eyes a more data-driven approach. 

Public Corruption

Victoria’s IBAC inquiry recommends expanding definition of ‘corrupt conduct’

An inquiry into Victoria's corruption watchdog has suggested expanding the definition of 'corrupt conduct' to include not only criminal offences.

Class Actions

BHP’s $110M class action settlement OK’d, with half going to lawyers, funder

A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK'd fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.

Securities

SkyCity shareholder can’t bring action over $67M AUSTRAC penalty

A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations. 

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