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AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC 2024-09-11 11:57 pm By Cindy Cameronne

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

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High Court upholds rejection of liquidator’s bid for pooling orders
High Court 2024-09-11 11:22 pm By Cindy Cameronne

The High Court has rejected a liquidator’s appeal arguing that two NSW printing press companies’ joint right to sue could be pooled to pay off debts for the entire corporate group.

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‘This happens every day’: Judge doubts barrister’s bias claim in disciplinary appeal
Legal Ethics 2024-09-10 11:47 pm By Cindy Cameronne

An appeals court on Tuesday questioned claims that a tribunal’s decision had the appearance of bias when it found a Sydney barrister guilty of professional misconduct for bringing allegedly unfounded claims against a solicitor.

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Mesoblast reaches settlement in class action over COVID-19 treatment
Class Actions 2024-09-09 12:57 pm By Cindy Cameronne

Mesoblast has agreed to settle a shareholder class action centred on statements to the market about its Remestemcel-L treatment, resolving claims it misrepresented the efficacy of the therapy for COVID-19 patients.

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Uber judge grapples with ‘unprecedented’ number of late registrants for $272M settlement
Class Actions 2024-09-09 11:52 pm By Cindy Cameronne

Almost 7,000 taxi drivers who did not sign up to two class actions against Uber by the deadline are asking the court for a cut of a $272 million settlement, with a judge questioning what she “unleashed” when sending out the notice of settlement. 

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Class action accuses Exactech of supplying faulty joint implants
Class Actions 2024-09-06 12:53 pm By Cindy Cameronne

A Sydney law firm has filed a class action accusing private equity-owned medical device maker Exactech of supplying faulty joint implants that were subject to deterioration due to a packaging defect, caused serious medical complications in patients. 

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Judge strikes out ACCC’s entire claim against Meta over crypto ads
Competition & Consumer Protection 2024-09-06 12:25 pm By Cindy Cameronne

Over objections from the ACCC, a judge has struck out the regulator’s entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.

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Class action over ‘cookie cutter’ legal advice faces declassing bid
Legal Ethics 2024-09-06 11:08 pm By Cindy Cameronne

The peak body for community legal centres has flagged a declassing application in a group proceeding alleging Knowmore Legal Service provided negligent, “cookie cutter” advice to survivors of institutional child sexual abuse. 

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Deloitte appointed administrators of Keystone despite ‘baggage’
Financial Services 2024-09-05 11:24 pm By Cindy Cameronne

A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.

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ANZ resists ‘roving commission’ into culture in sacked trader’s lawsuit
Employment 2024-09-05 2:17 pm By Cindy Cameronne

ANZ has argued a sacked trader’s bid for discovery has turned into a “roving commission” of the bank’s culture in a lawsuit alleging the trader was terminated for complaining about the bank’s manipulation of the bank bill swap rate. 

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