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Judge orders penalties of $1.4M in ASIC’s case against Dover Financial
A judge has ordered that defunct Dover Financial Advisors and its former director pay $1.4 million in penalties for creating a misleading client protection policy he described as “an exercise in Orwellian doublespeak.”
Johnson & Johnson unit loses high-stakes appeal in pelvic mesh class action
The Full Federal Court has tossed an appeal by Johnson & Johnson unit Ethicon challenging a landmark decision that put it on the hook for paying damages to 10,000 women who suffered injury through defects in its prolapse mesh and incontinence tape implants.
GetSwift wins appeal bid to disqualify judge from class action
GetSwift has triumphed in its bid to disqualify a judge who refused to recuse himself from hearing a shareholder class action against the logistics software company after presiding over ASIC's civil penalty proceeding against the company.
Statewide Super cancelled 12,500 fund members’ insurance while charging them, ASIC claims
ASIC has launched civil penalty proceedings against Statewide Super alleging that around 12,500 fund members were not covered by any insurance policy for a year despite the super fund informing them that they had cover while deducting monthly premiums worth $1.5 million.
Crown to face first ever oppressive conduct claims in shareholder class action
Crown Resorts is facing the first ever oppressive conduct claims in a shareholder class action which alleges the casino giant had lax anti-money laundering compliance systems in place over a six-year period, a judge has heard.
Fuji Xerox loses bid to throw out ACCC’s case over small biz contracts
A judge has refused to summarily dismiss proceedings brought by the ACCC against office supply company Fuji Xerox over allegedly unfair contracts with small businesses.
Herbert Smith Freehills says Arrium lenders ‘a million miles away’ from properly run case
Law firm Herbert Smith Freehills has attacked a lawsuit brought by a group of lenders against collapsed steel giant Arrium, rejecting claims that $430 million in loans was borrowed under misleading or deceptive representations.
iSignthis says disclosing end of Visa relationship would not have affected share price
Fintech company iSignthis has struck back at allegations by the Australian Securities and Investments Commission that it breached its continuous disclosure obligations by failing to inform shareholders that Visa was ending its relationship, saying the disclosure would not have affected its share price.
Full Court to hear another appeal over computer-implemented invention
The Full Federal Court has been asked to consider an appeal of a judge's ruling backing the position of the Commissioner of Patents that two patents for a computer-implemented invention did not describe a manner of manufacture and should be revoked.
Viagogo wins stay of $7M penalty after evidence of COVID-19’s ‘catastrophic’ impact
Crying poor during COVID-19, Viagogo has won a temporary stay of a $7 million penalty imposed by a court that found the ticket reseller misled customers on an “industrial scale”.