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ASIC takes aim at payday lenders after court found they can’t dodge Credit Act
Financial Services 2023-10-03 11:37 pm By Cat Fredenburgh

The corporate regulator has again initiated proceedings against Gold Coast-based BHF Solutions and Cigno for allegedly providing credit without a licence after the lenders failed to convince the Full Court that their services fell outside the scope of the Credit Act.

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Latitude customer seeks to join tech giants to $1M suit over data breach
Privacy & Cybersecurity 2023-09-27 10:52 pm By Cindy Cameronne

A customer of non-bank lender Latitude Financial has filed a bid to join tech giants DXC Technology and Crowdstrike to her lawsuit claiming over $1 million in compensation from a cyberattack that compromised 14 million customer records.

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UNSW knew record-keeping practices were inadequate: Ombudsman
Employment 2023-09-26 1:56 pm By Cindy Cameronne

The Fair Work Ombudsman has taken the University of New South Wales to court, alleging its record keeping practices were “so inadequate” that it was difficult to identify whether employees were underpaid.

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ACCC takes EnergyAustralia to court over electricity price notices
Competition & Consumer Protection 2023-09-22 12:33 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has brought proceedings against EnergyAustralia for allegedly misleading consumers when notifying them of changes to electricity prices. 

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ASIC takes Kraken crypto exchange operator to court
Cryptocurrency 2023-09-21 1:29 pm By Christine Caulfield

The corporate regulator has brought proceedings against the Australian arm of Kraken Crypto Exchange, alleging it breached design and distribution obligations for a margin trading product that has lost customers almost $13 million.

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Cipla sues to invalidate Bristol-Myers’ patents for DVT drug
Intellectual Property 2023-09-20 11:03 pm By Cat Fredenburgh

Indian generic drug maker Cipla has sued pharmaceutical giants Bristol-Myers Squibb and Pfizer alleging the patents behind their blockbuster deep vein thrombosis drug Eliquis are invalid.

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Plastic surgeon Daniel Lanzer faces new suit over alleged botched liposuction
Healthcare 2023-09-20 11:45 pm By Cindy Cameronne

Sydney-based plastic surgeon Daniel Lanzer, who is facing a class action by 1,000 former patients, has been hit with a new lawsuit alleging he performed a negligent liposuction and fat transfer procedure, which left a woman with disfigurement, necrosis and nerve damage.

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Ex-NAB general manager worked 72-hour weeks, lawsuit says
Financial Services 2023-09-18 10:09 pm By Cindy Cameronne

The National Australia Bank has been hit with a lawsuit by a former general manager, who alleges the bank forced him to work unreasonable additional hours and told him to ‘flush’ loan applications. 

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WA home builder to face class action over construction delays
Construction 2023-09-07 11:00 pm By Cat Fredenburgh

Perth-based homebuilder BGC Housing Group will face a class action on behalf of thousands of home owners who allege they have been harmed by lengthy construction delays.

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PayPal taken to court over 60-day deadline for complaints
Financial Services 2023-09-07 12:54 pm By Sam Matthews

The corporate regulator has filed a suit against fintech giant PayPal over a term in its contracts with small businesses that sets a deadline for complaints about excess fees.

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