Class Actions
Class action firms circle NextDC over 42% share price plunge
A third law firm is investigating a potential class action against AI infrastructure company NextDC after it revealed delays in grid supply to its M3 data centre in Melbourne and slashed $140 million from its forecast earnings.
ASIC
Judge hits Sunshine Loans with $5.5M penalty, rejects attempt to blame lawyers
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Copyright Lawyerly Media 2026. Unauthorised reproduction or distribution of this article is prohibited. Contact Us for a reprint licence. Payday lender Sunshine Loans has been hit with…
Financial Services
APRA stings Macquarie with $100M capital overlay penalty
The Australian Prudential Regulation Authority has imposed a $100 million capital overlay penalty on Macquarie Group, saying the bank had miscalculated the amount of capital required to buffer its non-bank businesses.
Securities
Ex-US congressman can’t pursue case against Citigold chair, brother’s firm
A former US Congressman and indirect beneficiary of Queensland gold mining company Citigold has lost a bid to launch derivative action accusing the company's chairman of sharing insider information with his brother.
Discrimination
High Court to hear Pauline Hanson’s appeal over ‘back to Pakistan’ tweet
The High Court has taken up Pauline Hanson's constitutional challenge to Australia's racial vilification law, in a long-running dispute with Greens senator Mehreen Faruqi over a tweet by the One Nation leader.
Business of Law
Barrister fined $25,000 after ‘mealy-mouthed’ apology for contempt
A Sydney barrister found guilty of contempt in a fight with his chambers over $112,000 in floor fees has been fined $25,000, with a judge calling his apologies “mealy-mouthed” and “late in the day”.
Appeals
End of road for Clive Palmer’s court campaign against ASIC’s ex-chair
The High Court has dismissed billionaire Clive Palmer's bid to revive his misconduct claims against former ASIC chair James Shipton, which an appeals court rejected as "little more than a house of cards".
Restructuring & Insolvency
David Jones enters administration after talks with landlord break down
Rising costs and evolving shopping trends have forced 188-year-old department store David Jones into voluntary administration, a day after its landlord revealed the retailer had not paid rent since September.
Corporate
Bolton loses bid for High Court hearing in Keybridge indemnity case
Pointing to the "litigious history" of the case, the High Court has refused leave to former Keybridge Capital director Nick Bolton to appeal a decision that found the company wasn't on the hook for covering his legal bill in a case over alleged duty breaches.
Employment
Solicitor was employee of firm, despite contractor agreement: FWC
The Fair Work Commission has found that a solicitor who entered into a contract akin to an independent contractor agreement with Linkpoint Lawyers was an employee of the firm.
