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ASIC seeks $15M penalty against GetSwift after ‘unprecedented’ offshore move
ASIC has called for a $15 million penalty against GetSwift and 12-year bans against its directors, who moved the logistics company overseas as the regulator's enforcement action was on foot, a move the court on Tuesday said was "unprecedented".
Mascot Towers owners settle with developer of neighbouring building
Owners in Sydney’s Mascot Towers have struck a deal with the developer that built a neighbouring property, in a lawsuit seeking more than $15 million in damages over alleged structural cracks that made their apartments unlivable.
Life insurer Select AFSL used unconscionable phone sales tactics, court finds
Insurer Select AFSL acted unconscionably when selling life, funeral and accidental injury insurance over the phone, a court has found in a case brought by the Australian Securities and Investments Commission.
Sacked Orix boss can’t get quick win in case for $1M in unpaid leave
The former CEO of fleet manager Orix Australia, who escaped charges of corruption three years ago, will have to take his claims for $1 million in unpaid leave to a hearing after losing a pre-trial bid for judgment.
Ex-Norton Rose manager appeals loss in bullying case
A former Norton Rose Fulbright digital marketing manager is trying to revive her allegations that the firm fired her after she complained of bullying and sex discrimination by her supervisor.
Sims class action funder, lawyers stake claim to 57% of settlement
The funder and law firm running a shareholder class action against recycling company Sims Limited are seeking more than 57 per cent of a $29.5 million settlement for commission and costs, including an insurance policy to cover the risks of losing the case.
Citigroup settles $300,000 lawsuit over alleged conflicted financial advice
Citigroup has settled a lawsuit alleging it gave a customer conflicted financial advice to invest most of her savings in “risky” products, despite her being an inexperienced investor with limited funds.
Claims pared in class action over sinking Sydney homes
Sydney homeowners bringing a class action over homes they claim are sinking into the ground won’t be able to recoup alleged losses from the engineering company that certified the lots for development.
Ex-Bellamy’s director Jan Cameron drops capital gains tax challenge
Jan Cameron, founder of Kathmandu and former director of baby food company Bellamy's, has abandoned her lawsuit alleging a Caribbean Islands-based trust didn't owe capital gains tax on the 2018 sale of 2.5 million Bellamy's shares.
‘What are solicitors doing writing press releases?’ Tolga Kumova trial judge asks
A judge has questioned why solicitors representing Twitter personality Stock Swami published a media release about his “backstory” two days before trial in a defamation case brought by mining investor Tolga Kumova.