ASIC has won a $20 million judgment against derivative trader Forex CT for using âunfairâ sales tactics and misleading clients into making trades from which the company would benefit even when they had informed their adviser they had limited financial resources.
A unit of coal mining company Futura Resources has failed to convince the Full Federal Court to allow it to register a 2012 coking coal mine investigation conducted in Central Queensland for a research and development tax offset.
A director of Gold Coast accounting firm Oculus has lost his bid to represent the company in a class action by investors in failed music streaming platform Guvera, with a judge unconvinced the company lacked the means to fund the litigation and finding the director was not suitable to represent the company.
The judge overseeing the first ever bid for a group costs order in a class action that will give the plaintiff’s law firm a percentage cut of the proceeds has urged the firm to rethink characterising its own solicitor as an expert.
A judge has ordered mining magnate Clive Palmer to pay damages of $1.5 million to Universal Music for his âcontemptuousâ behaviour in infringing “substantial parts” of Twisted Sister’s 1985 heavy metal hit ‘We’re Not Gonna Take It’ in advertisements for his political party.
Ben Roberts-Smith threatened legal action against his ex-wife, who is set to give evidence against him in an upcoming defamation trial, if she disclosed information to Fairfaxâs lawyers that is subject to a confidentiality agreement, a court has heard.
Restaurant chain Hog’s Breath CafĂ© is facing a class action for allegedly misappropriating franchisee funds meant for advertising, including by paying a director’s girlfriend as a “consultant”.
A junior solicitor’s meeting notes during an ASIC investigation of ANZ did not belong to her client despite the lawyer billing for her attendance at the meeting, law firm HWL Ebsworth has argued before a skeptical judge.
Staff members who worked for two Melbourne aged care providers will be removed as group members in class actions accusing the homes of negligently handling the coronavirus pandemic.
A judge has partially struck out mining magnate Clive Palmerâs defence to WA Premier Mark McGowanâs defamation claim over statements which allegedly accused the premier of corruption, abusing his position and lying about the decision to close the stateâs borders at the height of the COVID-19 pandemic last year.