Class Actions
No justification for $165M in fees, court told in NULIS class action appeal
NAB super fund trustee NULIS Nominees had no power to continue charging members for $165 million in fees to pay adviser commission after conflicted remuneration was banned in 2016, an appeals court has heard.
Sports
Zac Lomax dispute ‘very close’ to resolution, court told
Trial was pushed off on Monday in NRL player Zac Lomax's contract spat with the Parramatta Eels, with the court hearing the parties are "very close" to resolving the dispute.
Contracts
Pilbara Ports Authority ordered to produce docs in fee fight with MinRes
Mineral Resources has won a bid for more documents in its fight with the Pilbara Ports Authority over the validity of a channel charge.
Intellectual Property
Human rights activists want in on High Court copyright case
Human rights and press freedom activists want to intervene in a High Court case over copyright ownership in abattoir footage obtained by trespass, saying the broader public interest might be affected by the case.
Competition & Consumer Protection
ACCC flags metro-wide concerns in Ampol’s $1B deal to buy EG
The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol's $1.1 billion acquisition of EG Australia, but the "metropolitan-wide" effects of the merger in four major cities are under the microscope.
Contracts
CHAMP wins $96M in dispute over profit-sharing agreement
A judge has awarded private equity firm CHAMP $96 million in a dispute over a profit sharing agreement that was part of a deal to provide $150 million in vendor finance to FX Group Holdings for shares in trading platform Pepperstone.
Financial Services
Courtenay House victims win case over Ponzi scheme losses
Two victims of collapsed investment firm Courtenay House have won a case against the real estate agent who persuaded them to invest hundreds of thousands of dollars into the $180 million Ponzi scheme.
Business of Law
Lander & Rogers strengthens disputes team with lawyer from HSFK
Lander & Rogers has hired a disputes lawyer from Herbert Smith Freehills Kramer to join its Brisbane-based commercial disputes practice as a partner.
Class Actions
Judge OKs $13.5M Quintis settlement, denies competing funder a cut
A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.
ASIC
ASIC accuses Budget Direct of misleading customers on discounts
ASIC has filed proceedings against Auto & General, alleging tens of thousands of Budget Direct customers lost discounts they were promised and were overcharged premiums for several years.
