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Bruce Lehrmann lied to former defence minister Linda Reynolds, trial hears
Defamation 2023-11-27 10:36 pm By Sam Matthews

Former Liberal staffer Bruce Lehrmann has admitted to lying to defence minister Linda Reynolds and in a TV interview aired by Channel 7, on the fourth day of his defamation trial against Network Ten.

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.

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Bruce Lehrmann admits he bought Brittany Higgins drinks on night of alleged rape
Trials 2023-11-24 2:09 pm By Cindy Cameronne

Former Liberal staffer Bruce Lehrmann has walked back evidence in his defamation trial that he did not buy Brittany Higgins any alcoholic drinks on the night he allegedly raped her, saying he “must have been confused”.

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CBA reaches settlement in 7-year-old class action by borrowers
Class Actions 2023-11-24 2:43 pm By Cindy Cameronne

A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has finally settled, a court has heard. 

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Settlement offer not inadmissible in case against law firm, judge says
Professional Negligence 2023-11-24 11:52 pm By Sam Matthews

A judge has ruled that a settlement offer made in a case can be adduced into evidence in a construction company’s suit against its former lawyers, finding that the offer was not covered by without penalty privilege.

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AMP to pay $100M to settle BOLR class action
Class Actions 2023-11-23 1:58 pm By Cat Fredenburgh

AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.

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Bruce Lehrmann admits he gave false evidence to AFP
Trials 2023-11-23 2:04 pm By Cindy Cameronne

Accused rapist Bruce Lehrmann has admitted during cross-examination in his defamation trial against Network Ten that he gave false evidence in an interview with the Australian Federal Police, which he relied on during a criminal trial last year.

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Mercer Financial hit with $12M penalty for fees-for-no-service conduct
Financial Services 2023-11-23 3:13 pm By Sam Matthews

A judge has ordered wealth manager Mercer Financial Advice to pay a $12 million penalty for “extremely serious” fees-for-no-service conduct and breaches of its fee disclosure obligations, in a case brought by the Australian Securities and Investments Commission. In the case, filed in June last year,  ASIC alleged that Mercer charged 761 customers a total…

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Sandoz tries again to invalidate Xarelto patents
Intellectual Property 2023-11-23 11:31 am By Cat Fredenburgh

Novartis unit Sandoz AG has filed an appeal after it was was barred from selling a generic version of top-selling blood clot drug Xarelto and failed to revoke two Bayer patents for the drug.

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KPMG asks High Court again to hear class action transfer fight
Class Actions 2023-11-22 11:25 pm By Christine Caulfield

Accounting firm KPMG has asked the High Court for a second time to weigh in on the relevance of a contingency fee order made in a Victoria Supreme Court class action to its bid to transfer the case to NSW.

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