The man behind the Twitter handle Stock Swami has been ordered to pay $275,000 in damages to Tolga Kumova, after a judge found his tweets defamed the mining investor by accusing him of insider trading, misleading the market, and running a pump and dump scheme.
Intellectual property firm Spruson & Ferguson has launched court action to obtain documents showing alleged solicitation of clients by a handful of senior staff who jumped ship last year to form their own firm.
Retail giant Harvey Norman and consumer credit provider Latitude Finance have hit back at ASIC claims that they ran misleading ads for interest-free finance, saying reasonable consumers would have known additional conditions were laid out in the ads’ fine print.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
Car repair giant AMA Group has filed yet another lawsuit against ousted CEO Andrew Hopkins, this time seeking to block him and other senior executives from poaching staff and customers for a competing smash repair business.
The University of Sydney has appealed a judgment finding it unlawfully terminated a political economy lecturer for showing students a slide of a Nazi swastika superimposed on the Israeli flag.
A unit of beverage giant Bickford’s has taken Spanish-Australian chef Miguel Maestre to court for allegedly infringing its trade mark by selling beer under the ‘El Toro Loco’ brand.
A former director of Spaceship Capital Limited has succeeded in overturning a banning order imposed by ASIC, with a tribunal finding he may have been kept in the dark about the software bug that led to the ban.
A lawyer who was found guilty of professional misconduct for failing to pay $23,000 in fees to senior counsel has won a bid to access a report relating to the silk’s health on appeal.
A judge has rejected Shine Lawyers’ second bid to challenge a court order that it join forces with rival Banton Group in an investor class action Blue Sky Alternative Investments and auditor EY, saying the firm’s funder LCM was trying to “take the bat and ball and go home.” Federal Court Justice Michael Lee rejected…