Bret Walker
NULIS class action loses appeal over $165M in alleged conflicted remuneration
NAB super fund trustee NULIS Nominees was able to charge $165 million in fees for paying adviser commissions after conflicted remuneration was banned in 2016, an appeals court has ruled.
Privacy & Cybersecurity
X Corp agrees to pay $750K for contravening Online Safety Act
Elon Musk’s X Corp has been ordered to pay $750,000 after admitting it failed to give the eSafety Commissioner information about measures it has taken to crack down on child exploitation on its platform.
Employment
Rebel Sport owner hit with underpayments class action
Rebel Sport owner Super Retail Group has been hit with a class action for allegedly underpaying staff at its stores since 2019.
Policy and Regulation
AG ‘open to considering’ contingency fees for class action firms
Federal Attorney-General Michelle Rowland has hinted at possible reforms to the class action regime that would allow plaintiff firms to earn a profit from group proceedings.
Employment
EY intern told to ‘move on’ after groping by manager, suit says
EY Australia faces a lawsuit by a former intern who alleges she was harassed by her manager, victimized after making a complaint, and precluded from participating in a culture review by former sex discrimination commissioner Elizabeth Broderick.
Employment
Dentons employment partner convicted of drug driving
A Dentons employment partner has been convicted by the Brisbane Magistrate's Court of driving under the influence of cocaine, reportedly blaming the stresses of his job for his drug use.
Securities
Rex director admits liability in ASIC’s disclosure breach case
The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard.
Class Actions
IAG fights bid to expand shareholder class action
IAG is fighting a shareholder class action's bid to amend against the case to include a new damages claim, telling the court the insurer already understands the case against it.
ASIC
ASX wants to grill US-based director of CHESS replacement tech partner
The ASX is fighting for a key witness in ASIC’s case over alleged misleading statements concerning its CHESS replacement program to appear at an upcoming trial, saying he needs to be cross-examined in person.
Intellectual Property
Settlement reached in IP suit against Elysium Noosa Resort
The operator of Hunter Valley's luxury Elysia Retreat has settled its trade mark infringement suit against the newly established Elysium Hotel in Noosa.
