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Sacked partner in Lendlease ‘tax dodge’ suit wants Full Court to weigh in on whistleblower laws
Employment 2022-09-19 12:49 pm By Cindy Cameronne

A former Greenwoods & Herbert Smith Freehills partner wants the Full Court to decide whether whistleblower protections apply retrospectively in a $13 million suit alleging he was sacked for complaining about the tax avoidance strategy of construction giant Lendlease.

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Judge OKs $1.6M settlement in Romeo’s class actions but slashes law firm’s share
Class Actions 2022-09-19 11:01 pm By Cindy Cameronne

A judge has signed off on a $1.55 million settlement to resolve two underpayments class actions against supermarket chain Romeo’s, but has reduced the pay out to the law firm running the cases by 25 per cent, saying the firm had “no legal entitlement” to the fees.

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Dixon Advisory hit with $7.2M penalty in ASIC case
Financial Services 2022-09-19 3:08 pm By Cat Fredenburgh

A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients’ best interests by recommending they invest in a risky US-based real estate investment fund.

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Vero Insurance to argue owners suffered no property damage in cladding class action
Construction 2022-09-19 11:17 pm By Cindy Cameronne

Insurer for cladding manufacturer Fairview Architectural, Vero Insurance, will argue a $190 million policy does not cover claims in a class action alleging combustible cladding caused losses for property owners, a court has heard.

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Mylan appeals ATO’s rejection of $48M deduction in spat over $1.2B Alphapharm deal
Tax 2022-09-19 2:04 pm By Cat Fredenburgh

The Australian unit of Mylan is challenging the ATO’s rejection of a $48 million deduction  for 2020 in the generic drug company’s latest spat with the tax office over interest on loans to fund its $1.2 billion acquisition of generic drug maker Alphapharm.

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Tennis club denied $500,000 grant drops ‘sports rorts’ case
Sports 2022-09-19 1:03 pm By Cat Fredenburgh

A test case stemming from the 2019 ‘sports rorts’ scandal will not make it to trial, after a club denied funding from a $100 million grants program discontinued its lawsuit against the Australian government agency responsible for community sports.

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Westpac slams ‘disorderly’ shareholder class action over AUSTRAC disclosures
Class Actions 2022-09-16 2:42 pm By Sam Matthews

Westpac has criticized the lead applicant in a class action filed in the wake of AUSTRAC proceedings for the “disorderly” conduct of the lagging proceedings, with discovery yet to be finalized as the case nears its third anniversary.

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Lactalis breached Dairy Code by not publishing milk prices, court rules
Competition & Consumer Protection 2022-09-16 10:19 pm By Sam Matthews

A judge has found that dairy processor Lactalis Australia breached a mandatory industry code between farmers and processors requiring it to publish milk supply contracts on its website.

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Ex-Orix boss drops fight over set-off defence
Employment 2022-09-16 11:52 pm By Christine Caulfield

The sacked CEO of Orix Australia has abandoned his challenge to a ruling allowing a set-off defence for the fleet management company in his case for unpaid leave entitlements and penalties.

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Mayfair’s James Mawhinney wins reversal of 20-year ban
Appeals 2022-09-15 11:08 am By Sam Matthews

The founder of beleaguered investment group Mayfair 101, James Mawhinney, has won an appeal against a decision that saw him banned from soliciting funds or promoting any financial product for 20 years.

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