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Start-up denies ex-Fortescue employees developed green iron process on company dime
Intellectual Property 2024-12-03 11:10 pm By Cindy Cameronne

Start-up Element Zero has denied allegations that three former Fortescue employees, including one executive, misused confidential information and developed a process for green iron on the company dime.

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‘Replete with error’: Firm fights $5.4M security order in Macquarie class action
Class Actions 2024-11-28 11:13 pm By Sam Matthews

A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender’s costs, saying concerns about its borrowing capacity were ā€œtheoretical and speculative.ā€

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High Court cases could push Blue Sky class action trial to 2026
Class Actions 2024-11-26 11:46 pm By Cindy Cameronne

Two High Court cases weighing key issues for class action practitioners will likely push the trial in a shareholder proceeding against the collapsed Blue Sky Alternative Investments and auditor EY to early 2026.Ā 

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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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Velocity Rewards joined to Virgin class action despite ā€˜barely arguableā€™ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are ā€œbarely arguableā€.Ā 

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Ex-Demons chair Glen Bartlett settles defamation suit against club execs
Defamation 2024-11-11 2:27 pm By Julia Kanapathippillai

The former chair of the Melbourne Demons has settled a lawsuit he brought against senior executives of the club over allegedly defamatory statements.

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High Court to resolve uncertainty over common fund orders
Class Actions 2024-11-08 9:31 am By Cat Fredenburgh

The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.

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Australian Clinical Labs flags strike-out bid in OAIC data breach case
Privacy & Cybersecurity 2024-11-08 11:57 pm By Sam Matthews

Australian Clinical Labs may seek to strike out part of the OAIC’s case over a 2022 data breach, arguing it would unfairly allow the watchdog to allege both single and multiple contraventions of privacy law.

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Filecoin, founder can’t shake developer’s case over cryptocurrency pay
Cryptocurrency 2024-11-07 5:11 pm By Sam Matthews

Crypto company Filecoin Foundation can’t dodge a suit by a developer who says she was fired after complaining that a portion of her wages was paid in Filecoin tokens.

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Virgin bondholders want to join Velocity Rewards to class action
Class Actions 2024-11-01 11:02 pm By Cindy Cameronne

A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virginā€™s balance sheet.

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