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‘Porsches, Lamborghinis and racehorses’: Court hears details of alleged $400M Forum Finance fraud
White Collar 2023-02-06 5:41 pm By Sam Matthews

Westpac has told a court that it is ā€œinconceivableā€ that Forum Finance directors Bill Papas and Vince Tesoriero and funded their lavish lifestyles legitimately, as trial kicked off in the bankā€™s $400 million fraud case against the Forum companies.

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Atanaskovic Hartnell, founding partner must pay $185,000 to former manager
Employment 2023-02-03 11:38 pm By Sam Matthews

Law firm Atanaskovic Hartnell and founding partner John Atanaskovic have been ordered to pay penalties of $184,680 to a former general manager, on top of a previous $160,000 judgment for engaging in what a judge said was a campaign to “abuse, belittle and victimise” the woman.

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COVID-19 hotel quarantine class action defeats stateā€™s bid for stay
Class Actions 2023-02-03 3:28 pm By Sam Matthews

A class action on behalf of businesses claiming harm from the 2020 hotel quarantine debacle has staved off the state of Victoriaā€™s bid for a stay pending a criminal action against the Department of Health.

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Monique Ryan, chief of staff head to mediation over Fair Work claim
Employment 2023-02-03 12:59 pm By Sam Matthews

Independent MP Monique Ryan is headed into settlement talks with her chief of staff, Sally Rugg, who has alleged the Commonwealth engaged in hostile conduct when it fired her for refusing to work ā€œunreasonableā€ hours.

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ClearLoans agrees to $6M penalty in ASIC’s first COVID-19 case against lender
Financial Services 2023-02-02 3:19 pm By Sam Matthews

Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.

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PwC partner denies involvement in alleged $3.3M fraud scheme
Employment 2023-02-02 2:12 pm By Sam Matthews

A PricewaterhouseCoopers partner has hit back at a lawsuit over her alleged involvement in a $3.3 million scheme to defraud her husband’s employer, saying she believed payments into her account were made under a personal loan brokered by her husband from a ā€œwealthy friendā€ in China.

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Ex-Nuix director wants class action shelved until ASIC case wraps up
Class Actions 2023-02-02 4:12 pm By Sam Matthews

A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.

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Muffin-eating lawyer can’t set aside Lawcover’s bankruptcy notice
Insurance 2023-02-01 4:55 pm By Sam Matthews

Two Sydney lawyers have lost an application to set aside bankruptcy notices filed by their insurer claiming over $300,000 in legal costs, after a judge rejected their arguments about an ā€œoverarching conspiracyā€ in the case.

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‘Unreasonable hours’: Details emerge in suit by Monique Ryan’s ex-chief of staff
Employment 2023-01-31 4:38 pm By Sam Matthews

The former chief of staff for independent MP Monique Ryan says the Commonwealth engaged in ā€œhostile conduct in the workplaceā€ when it fired her after she refused to work ā€œunreasonableā€ hours, according to newly released court documents.

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Shaw & Partners conspired with defecting Fortrend advisors to steal clients, suit says
Employment 2023-01-31 5:13 pm By Sam Matthews

Stock broker Fortrend Securities has filed a suit alleging wealth manager Shaw & Partners sent unsolicited welcome letters to clients as part of a scheme involving two former advisors.

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