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ASIC slams ‘false’ premise of payday lender BSF’s appeal
Financial Services 2024-11-14 11:08 pm By Cindy Cameronne

ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.

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Telstra didn’t discriminate against Triple-0 worker with hearing loss: court
Discrimination 2024-11-14 4:51 pm By Julia Kanapathippillai

A judge has found that Telstra did not violate disability discrimination laws when it put a hard-of-hearing Triple-0 operator on leave after she failed a hearing test.

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Insurer Marsh breached obligation in case over $7B Greensill collapse: court
Insurance 2024-11-13 11:16 pm By Cindy Cameronne

A unit of insurer Marsh breached its obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill by using them in an anti-suit injunction bid in the UK, a court has found.

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Novartis loses case against Pharmacor over blood pressure drug
Intellectual Property 2024-11-13 11:44 pm By Sam Matthews

Swiss pharmaceutical giant Novartis has lost its patent infringement case against Sydney-based generics company Pharmacor over a top-selling heart medication.

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MinRes admits it should have disclosed related-party transactions
Energy & Natural Resources 2024-11-13 4:23 pm By Andy Sidler

Facing a probe by the corporate regulator, mining giant Mineral Resources has admitted that it should have disclosed transactions relating to managing director Chris Ellison’s company. 

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ANZ, OnePath class action members to pocket 65% of settlement if costs OK’d
Class Actions 2024-11-13 11:35 pm By Cindy Cameronne

The law firm running a class action against ANZ and superannuation trustee OnePath wants a 29.4 per cent cut of the $50 million settlement, having run the case on a no win, no fee basis. 

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Noumi privilege ruling could undermine ASIC investigations, Full Court told
Appeals 2024-11-12 11:15 pm By Sam Matthews

ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.

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Former PwC partner settles defamation claim over tax leaks statements
Defamation 2024-11-12 11:29 pm By Cindy Cameronne

A former PricewaterhouseCoopers partner has settled his defamation claim against the firm over public statements that allegedly falsely linked him to its tax leaks scandal in 2023.

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Ex-EY partner accused of tax loss scheme can shield email to general counsel
Tax 2024-11-11 3:00 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions can shield an email from the firm’s tax leader to its general counsel despite the firm having waived privilege. 

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Judge’s copy and paste decision a ‘canary in a coal mine’, experts say
Analysis 2024-11-11 11:36 pm By Cindy Cameronne

A time-strapped judge’s decision that was set aside for “uncritical copying and pasting” exposes deeper issues about stressed judges at under-resourced courts with “extraordinary workloads”, experts say.

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