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Crypto class action members ‘wholly unprotected’ by self-repped applicant, Meta says
Competition & Consumer Protection 2023-02-02 11:20 pm By Christine Caulfield

Arguing the interests of the self-represented applicant and group members are in conflict, Meta and Google are urging a court to shut down a class action accusing the digital giants of breaching competition law by banning cryptocurrency ads on their platforms.

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Kanye West faces costs bid in TM stoush amid push to block Aussie visa
Intellectual Property 2023-02-02 11:11 pm By Christine Caulfield

His antisemitic remarks have lost him a spot on Forbes billionaires’ list, and now the controversy-courting US rapper formerly known as Kanye West has been asked to show he can make good on any costs order in the event he loses his intellectual property case against a small Melbourne restaurant.

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Class action funder’s son drops appeal of ruling linking him to Banksia scam
Class Actions 2023-02-01 4:59 pm By Christine Caulfield

The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.

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Pinsent Masons recruits corporate partner from DLA Piper
Corporate 2023-02-01 11:24 pm By Christine Caulfield

Bolstering its corporate team in Australia, multinational law firm Pinsent Masons has nabbed a cross-border M&A specialist from DLA Piper.

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Financial planner pleads guilty to dishonesty on eve of criminal trial
Financial Services 2023-01-25 11:38 pm By Christine Caulfield

Melbourne stockbroker Bradley Grimm has pleaded guilty to charges of dishonesty following an investigation alleging Grimm — whose wife is a former ASIC employee — fleeced funds from clients.

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Former PwC partner banned for leaking government tax agenda
Tax 2023-01-23 11:40 pm By Christine Caulfield

A former partner at PricewaterhouseCoopers has been stripped of his registration as a tax agent after he was found to have leaked information obtained as part of confidential consultations with Treasury to reform tax law.

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Class action members benefit when funder’s payout in line with risk, judge says
Class Actions 2023-01-13 10:37 pm By Christine Caulfield

In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm and awarding the funder 28 per cent, a judge has challenged a persistent notion that the interests of litigation funders and group members are at odds.

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Hospitality exec falsified evidence over ‘zombie’ employment contracts: FWC
Employment 2023-01-12 11:07 pm By Christine Caulfield

Hospitality giant Mantle Group has been found to have systematically ripped off employees and could face a federal police investigation for giving misleading evidence to the workplace umpire.

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Judge OKs Sims class action settlement, says funder can have commission and ATE insurance
Class Actions 2023-01-11 3:46 pm By Christine Caulfield

After initial qualms, a judge has signed off on a $29.5 million settlement in a class action against recycling company Sims that includes a “staggering” $8.5 million in legal costs and an insurance policy buffering the funder from adverse costs.

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In Stock Swami decision, judge sends own concerns notice to defamation lawyers
Defamation 2023-01-09 11:08 pm By Christine Caulfield

Lawyers for respondents in defamation litigation have been put on notice for their practice of tossing defences around like grenades in armed combat — it isn’t going to fly any more, warns a judge whose docket is stacked with high profile cases.

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