Events

Investment fund Benjamin Hornigold has sued two former directors and its investment manager John Bridgeman Limited over a decision to enter into $4 million in loans.

A class action against a director of defunct financial services firm Hodgson Faraday is headed to the High Court after seven years of litigation, with the director appealing findings that he was involved in misleading South Korean investors.

A judge has dismissed a Paralympian cyclist’s defamation suit over a Facebook comment by a former girlfriend, finding he suffered no serious harm from the comment, which accused him of lying about his disability.

NAB unit NULIS Nominees was “hopelessly conflicted” in continuing to charge allegedly unlawful adviser commissions to superannuation fund members, a court has heard on the first day of a class action trial.

Westpac has been hit with a class action for allegedly overcharging superannuation customers for insurance coverage, months after paying $30 million to settle a separate superannuation class action.

Maurice Blackburn will seek $26 million in costs from a $110 million settlement in a long-running class action against AMP over its fees-for-no-service conduct, leaving more than three-quarters of the settlement to be distributed to group members.

An investigator has failed in his appeal of a $350,000 defamation award for former Perth barrister Lloyd Rayney on the grounds of apprehended bias.

A retired law firm partner has taken his battle with the ATO to the High Court, arguing he is not liable to be taxed on $182,000 in goodwill payments he received on exiting the firm’s partnership in 2008. 

A judge has denied Fairfax’s bid to strike out allegations by a Western Australian businessman that it was the publisher of allegedly defamatory comments that appeared on one of its Facebook pages.

Finder Wallet has argued it did not need a financial services licence to sell its crypto product Finder Earn because it was not money, but instead allowed customers to purchase an asset and acted as a marketing tool to funnel users to its app.