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Slew of insurers targeted in Virgin bond holders class action
Class Actions 2023-02-24 4:51 pm By Cat Fredenburgh

A class action accusing Virgin Australia of failing to disclose its true financial position in a 2019 prospectus for a $324 million capital raising is seeking to join a slew of the airline’s insurers to the case.

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Chinese crypto miner wins return of equipment in five-way stoush
Cryptocurrency 2023-02-24 10:26 pm By Sam Matthews

A Chinese crypto miner has won its equipment back, for now, after a Melbourne business it charged with looking after the machines allegedly allowed four other businesses to access them, culminating in a five-way stoush involving an ambulance and police.

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$192.5M oil spill class action settlement gets nod, but firm’s cut to be decided
Class Actions 2023-02-23 2:10 pm By Sam Matthews

A judge has approved a $192.5 million settlement in an oil spill class action on behalf of Indonesian seaweed farmers, but the slice for the law firm running the action and its litigation funder remains to be determined amid allegations of negligence by the former lead applicant in the case.

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Law firm shaves 0.5% off payout in second go at class action contingency fee
Class Actions 2023-02-23 5:11 pm By Cindy Cameronne

Maurice Blackburn has had a second crack at a group costs order in three class actions against banks over alleged flexible commission schemes after a judge in 2021 rejected what was then the first-ever application for a contingency fee.

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ACCC loses appeal in ‘fanciful’ NSW Ports competition case
Competition & Consumer Protection 2023-02-23 1:23 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has lost its challenge to a decision that tossed its case alleging NSW Ports stymied competition when it signed a 50-year agreement with the state to privatise two ports. 

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ClearLoans hit with $6M penalty in ASIC’s first COVID-19 case
COVID-19 2023-02-23 4:05 pm By Cat Fredenburgh

Personal lender ClearLoans and its parent company have been hit with $6 million in penalties for violating consumer credit protections laws, including by failing to respond to financial hardship notices from debtors during the height of the COVID-19 pandemic.

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Reporter details ‘sexist culture’ of Ten’s Canberra bureau
Employment 2023-02-23 11:04 pm By Cindy Cameronne

Journalist Tegan George has reworked her sex discrimination case against Network Ten, claiming the Canberra bureau had a culture that was “sexually hostile, demeaning and oppressive”.

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Melbourne doctor whose WFH request was denied loses discrimination suit
Employment 2023-02-23 5:58 pm By Sam Matthews

A Melbourne doctor who was not allowed to work from home following an injury has lost his disability discrimination suit against his former employer, and was ordered to pay over $570,000 to the practice for his absences.

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Sparke Helmore wins reversal of $285,000 negligence judgment
Appeals 2023-02-22 4:30 pm By Sam Matthews

An appeals court has thrown out a $285,000 negligence judgment against Sparke Helmore over two sales contracts worth $1.5 million and rejected a NSW developer’s attempts to squeeze the law firm for a heftier damages bill.

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Appeals court asked to decide if GCO can ‘travel’ in Arrium class action
Class Actions 2023-02-22 2:10 pm By Cindy Cameronne

A judge has referred to an appeals court the question of whether a group costs order can “travel”, as KPMG continues to push to transfer a shareholder class action over the collapse of mining company Arrium to New South Wales.

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