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Litigation funder wins appeal over security for costs in Fair Work class actions
Employment 2020-11-10 2:25 pm By Christine Caulfield

Litigation funder Augusta Ventures has won its challenge to a landmark ruling that it pay $3.1 million in security for the costs of two Fair Work class actions it is financing on behalf of casual mine workers.

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Rio Tinto execs want ASIC trial vacated due to COVID-19
Energy & Natural Resources 2020-11-04 2:21 pm By Cat Fredenburgh

Two former executives of mining giant Rio Tinto accused by ASIC of breaching their directors duties have asked the court to vacate an upcoming trial, after raising concerns that COVID-19 could affect their ability to appear.

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ATO appeals Crown victory over GST on high roller junkets
Appeals 2020-11-03 4:24 pm By Cat Fredenburgh

The Australian Taxation Office is challenging a victory by two Crown Resorts’ casinos in a $100 million dispute over GST assessments onĀ commissions and rebates paid to tour operators that directed international VIP gamblers to the casinos.

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Judge says video would be ‘inappropriate’ in Westpac class action opt out notice
Class Actions 2020-09-30 4:15 pm By Christine Caulfield

A judge has scrapped a proposed video link sought by Slater and Gordon to be included in an opt out notice to group members in a class action over alleged junk insurance sold by Westpac, saying the video had the “flavour” of promoting the proceeding.

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NAB units ordered to pay $57.5M in ASIC fees for no service case
Financial Services 2020-09-11 11:28 pm By Cat Fredenburgh

The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.

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Crown scores win in fight with ATO over $100M in GST on high roller junkets
Tax 2020-09-10 3:55 pm By Miklos Bolza

Two casinos owned by Crown Resorts have been handed a Federal Court victory in their $100 million battle with the Australian Taxation Office, with a judge ruling that GST assessments made by the ATO were “excessive”.

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COVID-19 concerns put ASIC’s Rio Tinto trial at risk
Energy & Natural Resources 2020-09-08 12:20 pm By Miklos Bolza

A seven-week trial in ASIC’s misleading conduct case against Rio Tinto may have to be postponed after two executives of the mining giant raised concerns that COVID-19 could impact their ability to appear as defendants in the case.

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Funder behind Fair Work class actions a ‘litigation bounty hunter’, Full Court hears
Employment 2020-07-27 9:13 pm By Miklos Bolza

Facing accusations of being a “litigation bounty hunter”, litigation funder Augusta Ventures has made its bid before the Full Federal Court to overturn a landmark ruling which put it on the hook for $3.1 million in security in two Fair Work class actions.

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Bianca Rinehart signals appeal in family feud over $4B trust
Energy & Natural Resources 2020-05-13 2:45 pm By Alison Eveleigh

The daughter of Australiaā€™s richest person, Gina Rinehart, has signalled an intention to appeal a decision staying proceedings against her mother for allegedly oppressive conduct in relation to the $4 billion family trust.

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Judge OKs $49.5M settlement in NAB class action
Financial Services 2020-05-08 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ā€˜junk insuranceā€™, including millions in fees for the firm that brought the case on a no-win, no-fee basis, despite calling the settlement sum a ā€œsubstantial compromiseā€.

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