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ASIC seeks $20M penalty against Kraken crypto exchange
Cryptocurrency 2024-11-14 11:22 pm By Andy Sidler

In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.

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Judge balks at idea government could represent Robodebt class action members
Class Actions 2024-11-14 11:09 pm By Cindy Cameronne

A judge has balked at a suggestion by group members appealing a $112 million Robodebt class action settlement that the Commonwealth could represent the interests of people content with the deal.

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ASIC slams ‘false’ premise of payday lender BSF’s appeal
Financial Services 2024-11-14 11:08 pm By Cindy Cameronne

ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.

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Telstra didn’t discriminate against Triple-0 worker with hearing loss: court
Discrimination 2024-11-14 4:51 pm By Julia Kanapathippillai

A judge has found that Telstra did not violate disability discrimination laws when it put a hard-of-hearing Triple-0 operator on leave after she failed a hearing test.

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Insurer Marsh breached obligation in case over $7B Greensill collapse: court
Insurance 2024-11-13 11:16 pm By Cindy Cameronne

A unit of insurer Marsh breached its obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill by using them in an anti-suit injunction bid in the UK, a court has found.

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Novartis loses case against Pharmacor over blood pressure drug
Intellectual Property 2024-11-13 11:44 pm By Sam Matthews

Swiss pharmaceutical giant Novartis has lost its patent infringement case against Sydney-based generics company Pharmacor over a top-selling heart medication.

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Competing Harvey Norman class actions get one more month to nut out deal
Class Actions 2024-11-13 4:06 pm By Cindy Cameronne

A judge presiding over two competing class actions against Harvey Norman has granted the lawyers more time to confer on whether they can reach a deal to run the cases together. 

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Noumi privilege ruling could undermine ASIC investigations, Full Court told
Appeals 2024-11-12 11:15 pm By Sam Matthews

ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.

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Honda tells court it should be on the hook for $12M in spat with dealer
Contracts 2024-11-12 11:17 pm By Andy Sidler

Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million. 

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Ex-EY partner accused of tax loss scheme can shield email to general counsel
Tax 2024-11-11 3:00 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions can shield an email from the firm’s tax leader to its general counsel despite the firm having waived privilege. 

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