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$23.6M Vocation class action bill might have been ‘materially lower’, judge says
A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been "materially lower" had the case been run by one funder and firm instead of two.
Tradie briefs not the ‘Aussiest undies ever’ but made in China, rival says
The company that manufactures men's briefs under the brand name Tradie is being sued by a rival, alleging it misled consumers by claiming the underpants were the "Aussiest undies ever".
YouTuber Jordan Shanks brings truth defence in defamation case by NSW deputy premier
YouTube star Jordan Shanks has filed his defence to NSW Deputy Premier John Barilaro's defamation lawsuit, claiming imputations from one of his videos that the Nationals leader was a "corrupt conman" were substantially true.
Instagoods takes trade mark fight with Instagram to Federal Court
Retail tech and dating start-up Instagoods has appealed a successful challenge of its Instadate trade mark registration by social media giant Instagram.
Judge keeps climate change class action alive, as duty to children enshrined in law
The federal Minister for the Environment has lost a bid to declass a class action brought over climate change risks from an expansion of the Whitehaven coal mine, with a judge making a declaration that the government owes a duty to all Australian children to protect them from global warming.
Tandem enters administration, scuttling $400M sham contracting class action
A $400 million class action brought by Shine Lawyers against a major Telstra and Foxtel contractor will be stayed after the company was placed into administration three months out from trial.
Telstra to refund customers $25M over NBN speed claims
Telecommunications giant Telstra will provide $25 million in refunds to almost 50,000 customers after failing to inform them the speeds they were promised could not be obtained on the NBN.
CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.
Binary options broker faces class action investigation
A Sydney-based broker is facing a class action investigation on behalf of customers who bought binary options over a six-year period, after the Australian Securities and Investments Commission banned the risky derivatives earlier this year after finding they were likely to cause “significant detriment”.
Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.