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GetSwift hit with $15M penalty in ASIC action over misleading announcements
Securities 2023-02-16 3:39 pm By Sam Matthews

GetSwift has been hit with a $15M penalty and several of its directors have been slapped with substantial penalties after the company was found to have misled shareholders in breach of the Corporations Act.

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Hall & Wilcox poaches finance partner from Baker McKenzie
People In The News 2023-02-16 1:30 pm By Sam Matthews

Hall & Wilcox has lured a Baker & McKenzie veteran and renewables specialist to lead its Sydney finance practice.

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Magistrate’s refusal to allow note-taking in courtroom showed possible bias, judge finds
Courts 2023-02-15 1:46 am By Sam Matthews

A local court magistrate showed apprehended bias by not allowing a self-represented plaintiff to take notes during cross-examination, a judge has found.

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Pitcher Partners loses bid to stay suit over Zap Fitness buy-back
Financial Services 2023-02-15 2:40 pm By Sam Matthews

Pitcher Partners has failed to stay a Federal Court suit alleging the accounting firm failed to properly advise former Zap Fitness owner Bective Enterprises on a troubled share buy-back scheme, in light of a Supreme Court bid by another key player to shut the case down.

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Sydney Flames wins fast-tracked hearing in Shane Heal’s adverse action suit
Employment 2023-02-15 4:28 pm By Sam Matthews

The Sydney Flames has secured an expedited hearing in a Fair Work case filed by basketball great and former head coach Shane Heal.

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Novel ‘solicitors’ CFO to be sought in Blue Sky class actions
Class Actions 2023-02-14 5:34 pm By Sam Matthews

The applicants in a consolidated investor class action against Blue Sky Alternative Investments and auditor EY will be applying for a so-called solicitors common fund order, and will move to transfer the case to the contingency-fee friendly Victoria Supreme Court if the groundbreaking application fails.

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‘Distinctly bizarre’: Costs, commission send lead applicant packing in oil spill class action
Class Actions 2023-02-14 10:40 pm By Sam Matthews

The law firm running the Montara oil spill class action, which has settled for $192.5 million, is looking for a new lead applicant after the first one defected over concerns group members would lose half the settlement amount to legal costs and a funding commission.

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Asset Energy wins review of Morrison’s denial of oil exploration licence
Energy & Natural Resources 2023-02-14 10:34 pm By Sam Matthews

Asset Energy has won Federal Court review of former Prime Minister Scott Morrison’s decision not to grant a two-year extension of a controversial offshore exploration license, after the government conceded that Morrison’s decision was “infected by apprehended bias.”

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Crown, Star look set to admit non-compliance in AUSTRAC actions
AUSTRAC 2023-02-13 2:01 pm By Sam Matthews

A court has heard that casino giants Crown and Star are likely to reach agreement with AUSTRAC as to liability in proceedings alleging “widespread and serious non-compliance” with anti-money and counter terrorism laundering laws.

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Full Court finds Illinois Tool Works fuel cell patent infringed
Intellectual Property 2023-02-13 10:14 pm By Sam Matthews

US tool giant Illinois Tool Works has defeated an appeal to a ruling that found Australian tool company Airco infringed it patent for a fuel cell designed for use in combustion tools.

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