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Velocity Rewards joined to Virgin class action despite ā€˜barely arguableā€™ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are ā€œbarely arguableā€.Ā 

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Virgin bondholders want to join Velocity Rewards to class action
Class Actions 2024-11-01 11:02 pm By Cindy Cameronne

A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virginā€™s balance sheet.

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Ex-EY partner accused of taking $700K in secret commissions won’t ‘show hand’
Tax 2024-10-04 3:30 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a clientā€™s suit.

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ANZ resists ‘roving commission’ into culture in sacked trader’s lawsuit
Employment 2024-09-05 2:17 pm By Cindy Cameronne

ANZ has argued a sacked traderā€™s bid for discovery has turned into a ā€œroving commissionā€ of the bankā€™s culture in a lawsuit alleging the trader was terminated for complaining about the bankā€™s manipulation of the bank bill swap rate.Ā 

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Kingfisher Mobile pares claims in $45M lawsuit against Telstra
Telecommunications 2024-08-16 11:45 pm By Cindy Cameronne

Contractor Kingfisher Mobile has dropped a claim against Telstra in a $45 million lawsuit alleging the telco breached a November 2022 contract when it engaged a new provider to take over.Ā 

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Investor class action canā€™t see Virginā€™s advice from Herbert Smith Freehills
Class Actions 2024-07-23 11:40 pm By Cindy Cameronne

A judge has rejected arguments that Virgin Australia waived legal professional privilege over advice from Herbert Smith Freehills by claiming in a class action defence that it had a reasonable belief that statements in a prospectus for a $324 million capital raising were not misleading.

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Virgin can stay investor class action if funder doesn’t show proof of funds
Class Actions 2024-03-01 9:18 pm By Cindy Cameronne

A judge has ordered a litigation funder bankrolling an investor class action against Virgin Australia to show evidence it can meet a $10 million agreed indemnity with the airline, saying it was not being transparent about its financial position.Ā 

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Telstra pushes off hearing in $45M fight with former contractor
Telecommunications 2024-02-07 11:04 pm By Sam Matthews

Telstra has won its bid to vacate a hearing in a case by former contractor Kingfisher Mobile seeking to bar the telco from migrating customers to a new mobile services provider, after a judge found Kingfisherā€™s delay in filing the case meant meeting the date would be unfair.Ā 

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‘Turning around the Titanic’: Telstra fights bid to halt switch to new contractor
Telecommunications 2024-01-31 4:35 pm By Cindy Cameronne

Telstra will oppose a bid by former contractor Kingfisher Mobile to bar the telco from migrating customers to a new mobile services provider, saying that undoing the move would be like ā€œturning around the Titanicā€.Ā 

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Virgin bondholders say indemnity unlawfully holding up class action
Class Actions 2023-12-15 10:43 pm By Cindy Cameronne

An investor class action against Virgin Australia has mounted a new challenge to a contentious indemnity clause, which the airline claims entitles it to receive periodic payments for its legal costs in defending the claims.

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