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ASIC sues Equity Trustees over $65M invested in First Guardian fund
The corporate regulator has filed proceedings alleging superannuation trustee Equity Trustees failed to act in members' best interests by allowing them to sink $65 million into Falcon Capital's First Guardian Master Fund.
After High Court loss, Zip reaches deal with Firstmac to acquire TM
Zip Co has reached an agreement to acquire the 'Zip' trade mark from non-bank lender Firstmac, after the High Court rejected its honest concurrent use defence last week.
Rebel Sport owner hit with underpayments class action
Rebel Sport owner Super Retail Group has been hit with a class action for allegedly underpaying staff at its stores since 2019.
X Corp agrees to pay $750K for contravening Online Safety Act
Elon Musk’s X Corp has been ordered to pay $750,000 after admitting it failed to give the eSafety Commissioner information about measures it has taken to crack down on child exploitation on its platform. 
NULIS class action loses appeal over $165M in alleged conflicted remuneration
Former NAB super fund trustee NULIS Nominees was able to charge $165 million in fees for paying adviser commissions after conflicted remuneration was banned in 2016, an appeals court has ruled. 
Childcare centre told worker ‘inclusivity’ extends to ‘racist’ views
A Maldivian worker at a childcare centre who was told his employer's inclusivity policy extended to “racist and Nazi views” has won a lawsuit over his "extremely harsh" dismissal. 
Rex director admits liability in ASIC’s disclosure breach case
The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 
Melbourne Rebels directors drop case against ATO
A case launched by the directors of the defunct Melbourne Rebels against the club's administrators, which sought to avoid liability for players' PAYG tax, has been discontinued.
Clock’s ticking for Rex directors as ASIC opens disclosure breach case
Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position. 
Bodum loses case against Maxwell & Williams despite ‘conscious imitation’
Danish glassware brand Bodum has lost its intellectual propety suit against Maxwell & Williams, despite a court finding the homewares company's coffee glasses were a “conscious imitation” of Bodum's products.