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Full Court urged to toss ASIC’s ‘fatal’ appeal in CBA conflicted remuneration case
Financial Services 2023-02-22 5:46 pm By Cindy Cameronne

The Commonwealth Bank of Australia has urged the Full Court to toss ASIC’s challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.

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In first beauty parade of its kind, law firms compete to manage $300M J&J settlement
Class Actions 2023-02-16 10:43 pm By Cindy Cameronne

Sixteen law firms and accounting firms have thrown their hat in the ring to administer a $300 million settlement in two class actions against Johnson & Johnson over pelvic mesh devices that injured thousands of women.

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GetSwift hit with $15M penalty in ASIC action over misleading announcements
Securities 2023-02-16 3:39 pm By Sam Matthews

GetSwift has been hit with a $15M penalty and several of its directors have been slapped with substantial penalties after the company was found to have misled shareholders in breach of the Corporations Act.

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Two more class actions target Hyundai, Kia over ‘defective’ engines
Product Liability 2023-02-16 4:18 pm By Christine Caulfield

Hyundai and Kia have been hit with new class actions alleging the Korean car makers knew of engine issues in cars sold in Australia as far back as 2015.

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High Court guts peak indebtedness rule in loss for Gunns creditor
High Court 2023-02-08 4:23 pm By Cindy Cameronne

Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.

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Judge asks GetSwift GC why he didn’t call out directors for being ‘bullies’
Securities 2023-01-31 8:05 pm By Cindy Cameronne

A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company’s directors for “bullying” other executives when they raised concerns about alleged continuous disclosure breaches.

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Winners and losers in 2022’s headline-grabbing defamation cases
Defamation 2023-01-27 10:19 pm By Cindy Cameronne

From the ongoing saga of the high-profile Christian Porter action against the ABC to “backyard” litigation testing the serious harm bar, defamation cases made headlines in 2022, with winners and losers alike shelling out millions to lawyers to protect their reputations.

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Walk-away settlement reached with directors in RCR Tomlinson shareholder class action
Class Actions 2023-01-20 11:15 am By Cindy Cameronne

An investor class action against RCR Tomlinson has reached a walk-away settlement agreement with two former directors of the failed engineering company.

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Holding Redlich sued over ‘negligent’ advice on ‘Aldi bag of cash’
Professional Negligence 2022-12-22 4:26 pm By Cat Fredenburgh

Law firm Holding Redlich has been sued by the NSW Labor Party for allegedly providing negligent advice on $100,000 in illegal political donations delivered in an Aldi bag and the ICAC investigation that followed, setting the party back $1.8 million in legal costs.

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AVZ Minerals may face class action over lithium project disclosures
Securities 2022-12-20 9:52 pm By Cat Fredenburgh

Lithium prospecting  company AVZ Minerals is facing a potential class action for allegedly misleading shareholders about its ownership rights to its flagship lithium project in the Democratic Republic of Congo. 

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