IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
NewSat investor Rockgold Holdings has lost its bid to appoint a special purpose liquidator to run a lawsuit against eight major banks after a judge found its proposed 70 per cent funding fee “wholly disproportionate”.
The High Court won’t hear a challenge to a decision finding a Canberra property developer that misled investors about GST on its apartments did not have to pay for losses alleged in a class action against it.
The husband of Sydney conwoman Melissa Caddick has staked his claim to a share of his late wife’s estate, and asked the court to deliver up a bundle of property, including Caddick’s Gucci wedding dress.
HWL Ebsworth managing partner Juan Martinez is yet again the target of a lawsuit, the latest claiming he committed a “fundamental breach” by locking a capital partner out of the office and withholding profits after the partner gave notice.
Fair Work Commissioner Nick Wilson has dismissed a recusal bid by nine former Virgin employees who argued his frequent flyer membership with the airline meant he was unable to hear their cases.
In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory’s financial services licence.
The Full Court has overturned a landmark judgment which found artificial intelligence can be named as an inventor on patent applications, in a decision which brings Australia in line with findings from courts in the UK, US and EU.
A former chief pilot at Virgin Australia has filed a lawsuit claiming the airline sacked him after he made complaints and filed Fair Work Commission proceedings alleging Virgin’s chief executive officer repeatedly bullied and harassed him.
Rail freight operator Aurizon has triumphed in a tax dispute with the ATO, with a court finding that credit for a $4.4 billion loan by the Queensland government made during an initial public offering in 2010 was share capital despite no shares being issued to the state government.