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Law firm dropped from light rail class action can’t keep $1.25M security
Class Actions 2023-10-26 8:09 pm By Cindy Cameronne

A law firm that was replaced after feuding with its funder in a successful class action over Sydney’s light rail construction has lost a bid to keep $1.25 million in security for costs, after claiming it has a right to the money due to unpaid fees.

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Judge pauses Virgin’s cross-claim in bondholders class action
Class Actions 2023-10-26 11:58 pm By Sam Matthews

The judge hearing a bondholders class action against Virgin Australia has deferred the resolution of the airline’s cross-claim seeking seeking periodic payments from the class action to cover its costs under a contentious indemnity clause.

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Climate change appeal attacks ‘drug dealers defence’ to coal mine extensions
Climate change 2023-10-26 10:52 pm By Cat Fredenburgh

An advocacy group has appealed a judgment that found it was “legally open” to federal environment minister Tanya Plibersek to approve the extension of two mega coal mines in New South Wales.

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ASIC can’t seek penalties against M101 founder James Mawhinney
Financial Services 2023-10-25 9:10 pm By Sam Matthews

A judge has blocked ASIC from running a new case seeking penalties against investment group M101 Nominees and founder James Mawhinney on remittal from the Full Court, after the regulator admitted it made errors at its initial trial.

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‘This cannot go on any further’: Judge threatens to dismiss NAB class action
Class Actions 2023-10-25 3:32 pm By Cindy Cameronne

A judge overseeing a class action against NAB has ordered group members to be sent an unusual notice stating that the case has been run in a “wholly unsatisfactory manner” and said he will consider dismissing the action if it continues in the same vein.

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Meta loses bid to put ACCC’s crypto ad case on ice
Competition & Consumer Protection 2023-10-25 10:59 pm By Cat Fredenburgh

A judge has rejected Facebook owner Meta’s request to pause a case  by the Australian Competition and Consumer Commission over scam cryptocurrency ads until a private criminal action by mining magnate Andrew Forrest is decided.

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Former Ord Minnett wealth adviser barred from soliciting clients
Employment 2023-10-25 6:17 pm By Sam Matthews

A judge has granted wealth manager Ord Minnett’s bid for injunctions preventing a former senior wealth adviser from soliciting its clients.

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Qantas abandons China Eastern pact in another capitulation
Competition & Consumer Protection 2023-10-25 12:56 pm By Christine Caulfield

Qantas has again conceded defeat in the face of opposition by the ACCC, this time bowing out of a joint coordination agreement with China Eastern Airlines.

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ASIC loses case against super trustee Diversa over banned advisor
Financial Services 2023-10-24 10:27 am By Sam Matthews

A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.

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KFC faces potential class action over rest breaks
Class Actions 2023-10-24 2:46 pm By Christine Caulfield

A class action investigation has been launched against KFC, which is accused of depriving tens of thousands of workers of ten-minute paid breaks during shifts.

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