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Stockbroker ordered to pay $1M in ASIC market-rigging case
Securities 2024-04-17 11:24 pm By Christine Caulfield

Sydney stockbroker Adam Blumenthal has been ordered to pay close to $1 million after admitting to market rigging and breaching his duties as director of two companies — including by arranging a $7 million loan to ‘ASX Wolf’ Tyson Scholz.

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In Lerhmann ruling, Justice Lee gave a masterclass in judicial decision-making
Defamation 2024-04-16 11:43 pm By Christine Caulfield

At some point during the two hours Justice Michael Lee held court on Monday, 45,000 viewers were tuned in to the livestream. What they witnessed as he pronounced judgment against Bruce Lehrmann was arguably the vindication of Network Ten and some measure of justice for Brittany Higgins, but not only that. What they saw was a judge at the top of his game.

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Laing O’Rourke worker who took on irate Stayz hosts over work party unfairly sacked: court
Employment 2024-04-16 4:13 pm By Cindy Cameronne

A commercial leader at engineering and construction company Laing O’Rourke was unfairly dismissed over false claims he was offensive and aggressive towards Stayz hosts who complained about a late night work party, a judge has found.

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Fintech BPay sues crypto platform Be Pay for trade mark infringement
Intellectual Property 2024-04-16 1:33 pm By Cindy Cameronne

Electronic payment solutions company BPAY has filed a lawsuit accusing crypto platform owner Be Pay Australia of infringing its BPAY trade mark.

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Bruce Lehrmann raped Brittany Higgins, judge finds in win for Ten
Defamation 2024-04-15 1:30 pm By Cindy Cameronne

A judge has found that former Liberal staffer Bruce Lehrmann raped Brittany Higgins in ex-defence minister Linda Reynolds’ ministerial office, saying he was “indifferent to her consent”, despite finding both witnesses had credit issues. 

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Lehrmann judge condemns Ten solicitor who OK’d Lisa Wilkinson’s Logies speech
Defamation 2024-04-15 11:54 pm By Cindy Cameronne

A judge has criticised a Network Ten solicitor who signed off on former presenter Lisa Wilkinson’s Logies speech, given on the eve Bruce Lehrmann’s criminal trial, saying she had failed to appreciate her duties to the court.

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High Court to weigh in on recovery of costs by self-repped law firms
Business of Law 2024-04-15 11:31 pm By Christine Caulfield

The High Court has agreed to hear a case with implications for law firms that represent themselves in litigation, granting an appeal application by media mogul Bruce Gordon, a former client of Sydney firm Atanaskovic Hartnell.

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Court blesses Halifax liquidators’ settlement with King & Wood Mallesons
Restructuring & Insolvency 2024-04-15 11:10 pm By Cat Fredenburgh

The liquidators for Halifax Investment Services were justified in reaching a compromise settlement in proceedings against King & Wood Mallesons alleging the firm and former auditor Bentleys failed to advise the defunct stockbroker that it had to hold client funds used to trade on its online platform on trust, a judge has found.

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IOOF offered $6M to settle class action that ultimately flopped 
Class Actions 2024-04-15 11:02 pm By Andy Sidler

Investment manager IOOF has failed to persuade a judge that the applicant in a failed shareholder class action should face indemnity costs for rejecting a $6 million offer to settle the case.

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Nature’s Care majority shareholders to foot the bill for fight with founding family
Corporate 2024-04-15 11:33 pm By Sam Matthews

The majority shareholders of vitamin giant Nature’s Care have been hit with the costs of the company’s failed bid for an injunction against its founding family, after a judge found the shareholders appear to have caused proceedings to be commenced as part of a strategy to “override the rights” of the family. 

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