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Bad reputation defence stays in Cambodia cyber slaves defamation case
Defamation 2024-11-01 11:14 pm By Sam Matthews

The former Cambodian prime minister’s nephew has pared back truth defences to his defamation claims, but his alleged bad reputation remains to be confronted.

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iSignthis’ John Karantzis could not pay $1.5M penalty, court told
ASIC 2024-10-21 11:38 pm By Andy Sidler

The former CEO of fintech iSignthis would need a loan to pay a $1.5 million penalty sought by the corporate regulator for breaches of directors duties, a court has heard.

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Keystone receivers win freezing order extension against developer
Restructuring & Insolvency 2024-10-07 11:08 pm By Cindy Cameronne

Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds. 

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iSignthis, former boss breached obligations over ASX disclosures, court finds
Fintech 2024-06-21 11:34 pm By Christine Caulfield

A court has found iSignthis and its former CEO Nickolas John Karantzis breached the Corporations Act in disclosures to the stock market about one-off revenue and the termination of the fintech’s business arrangement with Visa.

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Mercer Financial hit with $12M penalty for fees-for-no-service conduct
Financial Services 2023-11-23 3:13 pm By Sam Matthews

A judge has ordered wealth manager Mercer Financial Advice to pay a $12 million penalty for “extremely serious” fees-for-no-service conduct and breaches of its fee disclosure obligations, in a case brought by the Australian Securities and Investments Commission. In the case, filed in June last year,  ASIC alleged that Mercer charged 761 customers a total…

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Serious harm question won’t be heard first in defamation case over ‘cyberslaves’ doco
Defamation 2023-09-19 2:40 pm By Sam Matthews

The publishers of The Australian and Al Jazeera have failed to persuade a judge to hold a preliminary hearing on the question of whether the nephew of the former prime minister of Cambodia suffered serious harm as a result of publications he says painted him as a criminal.

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Aged pensioner can’t revive class action against Social Services
Appeals 2023-08-28 11:42 pm By Cindy Cameronne

A self-represented aged pensioner has lost his bid to revive a class action against the Department of Social Services over its real estate asset testing for pensions, with a judge saying that a legal practitioner must represent group members. 

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Judge wants answers after Bellamy’s skips mediation in ex-CEO’s case
Employment 2023-07-03 3:38 pm By Christine Caulfield

Baby food maker Bellamy’s better have a good explanation for ditching settlement talks in a $400,000 sex discrimination lawsuit by former boss Tarsi Luo, a judge has warned.

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Broker loses appeal of 2014 banning order, again
Appeals 2023-02-21 3:11 pm By Cindy Cameronne

A mortgage broker has lost his challenge to a tribunal’s decision to uphold a lifelong ban by the Australian Securities and Investments Commission.

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Dixon Advisory hit with $7.2M penalty in ASIC case
Financial Services 2022-09-19 3:08 pm By Cat Fredenburgh

A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients’ best interests by recommending they invest in a risky US-based real estate investment fund.

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