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‘Not something we could ever agree to’: Applicant fights soft class closure in AMP case
Class Actions 2024-02-16 3:26 pm By Sam Matthews

The applicant in a class action against four AMP subsidiaries and two trustees over alleged excessive superannuation fees has flagged its opposition to soft class closure, saying it would be “completely inappropriate” to require the large class of up to two million group members to register ahead of mediation. 

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Instagram to accuse Melbourne start-up of violating US data security law
Technology 2024-02-16 1:46 pm By Cindy Cameronne

Instagram is planning to hit Dialogue Consulting with a cross-claim that accuses the Melbourne social media start-up of breaching US law related to the protection of users’ data and engaging in misleading or deceptive conduct.

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Tyro secures $10M settlement in restraint of trade case against Lightspeed unit
Fintech 2024-02-16 5:52 pm By Cat Fredenburgh

EFTPOS provider Tyro has secured a $10 million settlement in a lawsuit accusing a unit of Canadian firm Lightspeed of violating a restraint of trade clause by encouraging Tyro customers to adopt its own competing payment system.

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Company can’t duck service of $2.5M lawsuit via solicitors, judge says
Energy & Natural Resources 2024-02-16 11:53 pm By Sam Matthews

A Norwegian company can’t dodge service of a $2.5 million lawsuit via its Australian solicitors, failing in its argument that exceptional circumstances are needed to avoid the more lengthy and costly process of serving it in its home country.

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UK class actions firm Pogust Goodhead opens Australian office
Business of Law 2024-02-16 11:19 pm By Christine Caulfield

Looking for a slice of the class actions pie in Australia, UK plaintiffs firm Pogust Goodhead has launched an office in Sydney, headed by two lawyers from boutique Crichton & Co.

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Herbert Smith Freehills chases United Petroleum for costs over failed IPO dispute
Professional Negligence 2024-02-15 3:50 pm By Cindy Cameronne

Herbert Smith Freehills has filed proceedings against its former client United Petroleum, seeking costs of successfully defending a lawsuit alleging it acted negligently in relation to the company’s failed initial public offering in 2016. 

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CBA hit with record $10M penalty for underpaying 7,400 employees
Employment 2024-02-15 11:14 pm By Cat Fredenburgh

Commonwealth Bank of Australia and subsidiary CommSec have been hit with $10.34 million in penalties — the highest ever imposed in enforcement action by the workplace regulator — after admitting it underpaid thousands of employees more than $16 million.

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Business Chicks owner says Fairfax articles painted her as a ‘hypocrite’
Defamation 2024-02-15 4:52 pm By Cindy Cameronne

The owner of womens’ networking group ‘Business Chicks’ has sued Fairfax over allegedly defamatory articles which she claims painted her as a hypocrite who unfairly fired a pregnant employee and fostered a toxic workplace culture. 

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ASIC sued by Forex liquidators looking to claw back $20M fine
Restructuring & Insolvency 2024-02-15 5:32 pm By Sam Matthews

In a case believed to be the first of its kind, the liquidators of boiler room trader Forex Capital Trading have sued ASIC, seeking to claw back over $20 million in fines and costs they says constituted unfair preference payments and should be distributed among the company’s out-of-pocket clients. 

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Maddocks nabs IP pro from Ashurst
Business of Law 2024-02-15 5:22 pm By Sam Matthews

Maddocks has recruited a special counsel from Ashurst to head up its trade marks and brand protection practice. 

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