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iSignthis lawsuit fails to plead how ASX caused $27M in losses, court finds
A lawsuit by iSignthis seeking over $27 million in damages from the ASX has been sent back for revision, after a judge found the fintech had failed to causally link how a report by the exchange led to lost contracts with five clients.
Westpac’s anti-money laundering woes worsen
Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC.
Lawyer loses sexual harassment appeal after urging court to just think of him as ‘Mr Darcy’
A lawyer who argued his conduct towards a paralegal was not sexual harassment but a display of ardent affection akin to 'Mr Darcy' in 'Pride and Prejudice' has lost his appeal of a $170,000 judgment against him, with the Full Federal Court saying the case was "as far from a Jane Austen novel as it is possible to be".
Funder behind Fair Work class actions a ‘litigation bounty hunter’, Full Court hears
Facing accusations of being a "litigation bounty hunter", litigation funder Augusta Ventures has made its bid before the Full Federal Court to overturn a landmark ruling which put it on the hook for $3.1 million in security in two Fair Work class actions.
Banksia class action funder admits court was misled on fees, says commission shouldn’t suffer
The litigation funder behind the class action over Banksia Securities' collapse has admitted it misled a costs consultant retained to report to the court on the reasonableness of the fees in the case, but says its commission should not take a hit as a result because the misconduct occurred after the litigation settled against Banksia's trustee for $64 million.
Administrators for fashion retailer PAS Group lose battle with landlords over rent
Administrators for The PAS Group have failed in their bid to have almost $1.4M in rent declared an unsecured debt in the event the fashion retailer goes into liquidation amid the coronavirus pandemic.
Law firm doesn’t have to hand over client files for potential class action
A national law firm has dodged an application for access to the files of its current and former clients brought by lawyers investigating a possible class action over allegedly excessive legal costs in personal injury litigation.
James Cook University wins appeal of $1.2M judgment for sacked climate-skeptic professor
An appeals court has sided with James Cook University in its appeal of a ruling awarding $1.2 million to sacked climate skeptic professor Peter Ridd, saying the academic's right to express unpopular views was "necessarily constrained".
Online gig platform fined $600,000 for misleading reviews
Online odd jobs platform Service Seeking has been fined $600,000 for falsely representing that reviews on its platform were written by customers when in fact they were written by the businesses themselves.
Government won’t challenge loss in live export class action
The Federal Government will not challenge a ruling in a class action brought on behalf of live exporters which found a total ban on live cattle exports to Indonesia in 2011 was "capricious and unreasonable".