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ASIC takes NAB to court over dodgy home loan ‘introducers’
Financial Services 2019-08-23 1:39 pm By Christine Caulfield

The Australian Securities and Investments Commission has brought legal action against National Australia Bank over its scandal-ridden ‘Introducer’ loan referral program.

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Quintis founder seeks transcripts of ASIC interviews
ASIC 2019-08-22 8:58 pm By Miklos Bolza

Six individuals interviewed by ASIC in relation to the collapse of sandalwood producer Quintis have sought leave to intervene in the regulator’s case against the company’s founder, Frank Wilson, after he sought discovery from ASIC of interview transcripts.

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Lendlease class actions set down for beauty parade, but applicants in talks to avoid contest
Class Actions 2019-08-22 8:36 pm By Miklos Bolza

Two competing shareholder class actions against developer Lendlease have been locked in for a beauty parade before the judge who recently forced the consolidation of three class actions against engineering firm RCR Tomlinson.

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Full Federal Court may weigh validity of NAB ‘junk’ insurance class action
Class Actions 2019-08-22 8:17 pm By Amelia Birnie

A class action against National Australia Bank over allegedly worthless consumer credit insurance could be referred to the Full Federal Court just three months out from trial, amid concerns that the class action was not validly commenced.

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Westpac to pay $13.25M to settle class action over Samra Ponzi scheme
Class Actions 2019-08-22 2:56 pm By Cat Fredenburgh

Westpac will pay $13.25 million to settle a class action over alleged losses caused by subsidiary BankSA’s investments in a Ponzi scheme run by convicted fraudster Michael Samra.

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NSW dragged into ACCC’s competition case over ports deal
Competition & Consumer Protection 2019-08-22 1:59 pm By Cat Fredenburgh

The ACCC has reversed course, naming the state of New South Wales in its lawsuit over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla after previously saying the law did not apply to the state.

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Workers win landmark personal leave challenge against Cadbury maker Mondelez
Employment 2019-08-21 10:14 pm By Cat Fredenburgh

In a majority ruling that will have significant ramifications for how companies calculate employees’ personal leave days, the Full Federal Court has found that the method used by food manufacturer Mondelez in granting the entitlement for its Tasmanian shift workers left them worse off than under the Fair Work Act.

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NAB sues Helen Rosamond’s Human Group
Financial Services 2019-08-21 9:00 pm By Christine Caulfield

National Australia Bank is taking Helen Rosamond’s executive services company Human Group to court in connection with a multimillion dollar fraud against the bank.

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Ariosa appeals loss to Sequenom over prenatal genetic test patent
Intellectual Property 2019-08-21 8:50 pm By Cat Fredenburgh

Ariosa Diagnostics has asked the Full Federal Court to hear its challenge to a ruling that its Harmony prenatal test infringed Sequenom’s patent for a prenatal genetic test, saying the court’s judgment was attended by “sufficient doubt”.

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CFMEU launches union-funded class action against Workpac
Employment 2019-08-21 4:47 pm By Amelia Birnie

The CFMEU will fund a landmark multi-million dollar class action against labour hire company Workpac seeking repayment of leave entitlements it claims are owed to more than 600 coalminers, in the latest casual employee challenge to hit the courts.

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