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Banned celebrity adviser Sam Henderson pleads guilty to dishonesty over Master’s degree
Financial Services 2020-08-25 4:37 pm By Christine Caulfield

Former celebrity advisor Sam Henderson, who was slapped with a three-year financial services ban last year after his appearance at the banking royal commission, has pleaded guilty to dishonesty and defective disclosure offences after falsely telling clients he had completed a Master of Commerce degree.

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Clive Palmer suffers blow in COVID-19 border battle with WA
COVID-19 2020-08-25 4:06 pm By Christine Caulfield

Hotel quarantines and mandatory masks are less effective than Western Australia’s border closure in controlling the health risks of a COVID-19 outbreak, a judge has ruled in a win for the state as it defends its strict pandemic-battling measures against a constitutional challenge by billionaire Clive Palmer.

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Treasury Wines keeps up fight over law firm’s new class action
Appeals 2020-08-24 4:27 pm By Christine Caulfield

Treasury Wine Estates has challenged a ruling that Maurice Blackburn did not breach its obligations by using material from a now settled class action against it to draft new class action pleadings.

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ISignthis ups damages in case against ASX to $264M
Securities 2020-08-21 10:17 pm By Christine Caulfield

Fintech company iSignthis, which initially sought $27 million from the ASX in a suit alleging the market operator’s suspension of its share led to lost contracts, has increased the claim for damages to more than $264 million.

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Lawyer plans complaint to legal watchdog against Banksia team over fees in second class action
Class Actions 2020-08-21 6:14 pm By Christine Caulfield

The legal watchdog in Victoria will be asked to probe potential misconduct against the legal team behind the controversial Banksia Securities class action for their fees in a separate class action, which last year settled for $40 million.

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St Basil’s hit with class action over COVID-19 outbreak
COVID-19 2020-08-21 4:21 pm By Christine Caulfield

St. Basil’s in Victoria has become the latest aged care facility to face a class action over its allegedly negligent handling of the coronavirus pandemic.

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Banksia funder’s son must give ‘full and frank’ explanation of alleged role in fee scandal
Trials 2020-08-21 3:55 pm By Christine Caulfield

Lawyer Alex Elliott, the son of the funder behind the Banksia Securities class action, has been ordered to give a “full, frank and honest” explanation of his role in an alleged fraudulent scheme to inflate legal fees in the case, and he risks his career if he’s not forthcoming.

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COVID-19 snares another corporate victim as STA Travel files for insolvency
Restructuring & Insolvency 2020-08-21 1:51 pm By Christine Caulfield

STA Travel has filed for insolvency as the latest high profile travel and tourism business hit hard by the economic impacts of the COVID-19 pandemic.

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ASIC hits IOOF subsidiary with action over cyber security failings
Privacy & Cybersecurity 2020-08-21 1:45 pm By Christine Caulfield

The Australian Securities and Investments Commission has launched proceedings against a subsidiary of wealth manager IOOF over its alleged failure to have adequate cyber security systems in place.

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Class action wants GetSwift to give heads up if cash dips below $25M
Securities 2020-08-19 10:01 pm By Christine Caulfield

The lead applicant in a shareholder class action against GetSwift and its managing director wants the logistics provider to give notice of any decision that would see its cash and other liquid holdings fall to less than $25 million.

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