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Court urges investigation into SMSF advisor’s ‘calculated deception’
Financial Services 2020-05-12 2:59 pm By Miklos Bolza

A judge will ask the NSW Attorney General to launch a criminal or regulatory investigation into a Hunter Valley-based financial advisor whose alleged fraudulent conduct led to investor losses of over $4.6 million.

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Damage to Sarah Hanson-Young’s reputation just the ‘cut and thrust of politics’, Full Court told
Defamation 2020-05-11 6:49 pm By Alison Eveleigh

Politicians are “rarely nice to each other” and go out of their way to harm the reputation of others, a lawyer for former Senator David Leyonhjelm has told the Full Court in appealing a $120,000 damages bill for defamatory comments he was found to have made about Greens Senator Sarah Hanson-Young.

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Shareholder appeals judge’s refusal to freeze AMP class action
Class Actions 2020-05-11 6:29 pm By Miklos Bolza

A NSW Supreme Court decision refusing to put a Maurice Blackburn-led shareholder class action against AMP on ice pending a High Court challenge has been appealed by the lead applicant of a competing case.

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AMP accused of poaching 11 employees from wealth management software company
Employment 2020-05-11 4:16 pm By Miklos Bolza

A software company is suing a subsidiary of AMP for breach of contract after the financial services firm allegedly induced 11 employees to jump ship after licensing its online advisor platform.

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Law firm should personally pay costs for individual pelvic mesh cases, judge says
Product Liability 2020-05-11 3:10 pm By Miklos Bolza

A judge has found that the law firm behind a plethora of pelvic mesh lawsuits filed in multiple courts should be personally hit with costs for its “keystone cop-like conduct” in handling the proceedings, but has given the firm a week to convince him otherwise.

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High Court’s scrapping of Chorley exception doesn’t extend to inhouse lawyers, judge rules
Financial Services 2020-05-11 12:36 pm By Miklos Bolza

The High Court’s abolition of the so-called Chorley exception does not apply to a party’s in-house counsel, which is still permitted to seek its own legal costs for prosecuting or defending a proceeding, a judge has found.

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Ben Roberts-Smith defamation trial vacated over coronavirus, national security concerns
Defamation 2020-05-08 10:27 pm By Christine Caulfield

The six-week trial in four defamation cases brought by war veteran Ben Roberts-Smith has been pushed off because of restrictions on in-person hearings and the Attorney-General’s decision to invoke national security law and cloak the proceedings in secrecy.

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Settling plaintiffs get first dibs on Parkerville bushfire defendant’s assets
Class Actions 2020-05-08 9:23 pm By Christine Caulfield

The first-past-the-post principle applies to enforcement of settlements in collective actions over a 2014 bushfire in Western Australia, a judge has held, in a ruling that could have ramifications for all class actions.

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Arnold Bloch Leibler wins access to Quindell due diligence docs
Corporate 2020-05-08 8:19 pm By Miklos Bolza

Arnold Bloch Leibler has been granted access to due diligence docs related to Slater and Gordon’s $1.2 billion acquisition of professional services firm Quindell, to use in its defence of a class action over advice it gave on the troubled acquisition.

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Judge OKs $49.5M settlement in NAB class action
Financial Services 2020-05-08 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ā€˜junk insuranceā€™, including millions in fees for the firm that brought the case on a no-win, no-fee basis, despite calling the settlement sum a ā€œsubstantial compromiseā€.

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