Class Actions
High Court to hear appeal in CBA shareholder class actions
The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.
Financial Services
ASIC failed to warn Equity Trustees about Keystone fund, court told
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
Class Actions
Egg donors tossed from IVF rebate class action
Women who donated eggs to their same-sex partners have been removed from a class action that claims women and lesbian couples were unlawfully denied Medicare rebates for IVF.
Financial Services
Despite flight risk concerns, Shield-linked director can leave Australia
A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.
Class Actions
Class action firm concedes ATE case law a ‘mess’, but defends carve-out
The law firm running a no win, no fee class action against ANZ and superannuation trustee OnePath has defended a $1.7 million cut from a $50 million settlement to cover an after-the-event insurance policy.
Intellectual Property
All’s well that ends better: Lord of the Fries TM fight settles
The IP rights holder of The Hobbit and Lord of the Rings franchises has resolved its trade mark dispute with Australian vegan burger chain Lord of the Fries.
Class Actions
Wilson Security class action applicant wants second opinion on settlement
The applicant in an underpayments class action against Wilson Security brought on behalf of fly-in-fly-out security workers wants a second opinion on a $3.05 million settlement in the case.
Competition & Consumer Protection
Facing ACCC action, AGN says Love Gas ads more than just hot air
Retail energy supplier AGN has defended its series of 'Love Gas' ads against enforcement action by the consumer regulator, saying it had reasonable grounds for promising the product was "becoming renewable".
Tax
Former Nudie chief Andrew Binetter can’t shut down liquidator’s case
The former CEO of beverage company Nudie and his wife can't escape a liquidator’s case that seeks to void clauses of a settlement that released them from breach of duty claims over an alleged fraudulent tax scheme.
Employment
‘Too much money’: Big Build set stage for CFMEU corruption, report says
A scathing report has tracked the construction union’s fall from grace under John Setka’s leadership, with Victoria's $100 billion Big Build the backdrop for endemic corruption.
