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CBA fined $7M after judge questions if penalty has enough ‘sting’
A judge has slugged the Commonwealth Bank of Australia with a $7 million fine in proceedings brought by ASIC for excessive interest charged to thousands of overdraft customers, but noted the penalty amounted to profits from just six hours of operation for the Big Four bank.
Billionaire Brett Blundy defeats lawsuit by Honey Birdette co-founder
A former director of provocative lingerie retailer Honey Birdette has lost a lawsuit against billionaire retail entrepreneur Brett Blundy seeking damages after a relationship breakdown saw her bought out of the firm.
CoreLogic hit with copyright lawsuit over data scraping
Building and construction information service provider BCI Media is suing CoreLogic, accusing the property data analytics company of unauthorised access and scraping confidential information from its copyright-protected leads platform.
Quintis class action settlement could get $11M boost after insurers come up short
A lengthy dispute over insurance in a settled class action against sandalwood producer Quintis has been resolved, with the Federal Court rejecting a challenge by two insurers to the rectification of policies that could provide a further $11.25 million in recoveries to group members.
Judge deals Star winning hand in pursuit of high-roller who lost $43M in a week
Star Entertainment can continue its case against a wealthy junket gambler who dishonoured a cheque after losing $43 million in one week at the Baccarat table at Star's Gold Coast casino.
Ben Roberts-Smith trial to feature testimony from Afghan witnesses about alleged murder
A judge has allowed four Afghan witnesses who allegedly saw Ben Roberts-Smith kick a handcuffed Afghan citizen off a cliff to give evidence remotely when the Australian war veteran's defamation case against three newspapers heads to trial in June.
Porter says ABC journalist’s ‘hypocrisy’ boosts case for aggravated damages
The "hypocrisy" of ABC journalist Louise Milligan in criticising the host of Media Watch for not seeking comment before a broadcast last month has aggravated the damage caused by her defamatory article, the former Attorney-General and accused rapist has told a court.
‘Nothing the Crown does will satisfy these nine accused’: Prosecution defends ANZ cartel indictment
The prosecution in a criminal cartel case against several banks and high-ranking executives over a $2.5 billion ANZ share placement has fought back against accusations that its indictment is "fundamentally flawed" and should be quashed.
‘The game is not worth the candle’: Judge says oral discovery in 7-Eleven class action a waste of time
Courts have power to order oral discovery of potential witnesses ahead of trial, according to the judge overseeing two 7-Eleven class actions by franchisees, but the cases against the convenience store giant were not the occasion to exercise the power, he said.
Merivale suffers setback in $129M underpayments class action
The judge hearing an underpayments class action against hospitality company Merivale has found the workplace agreement that covered the group members was not validly approved.