Law Firms

The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.

A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member. 

Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.

A judge has approved a bid by two law firms to join forces in class actions against Harvey Norman, but has ordered that a costs monitor be appointed to protect against duplication.

A $67 million settlement has been reached in a class action alleging Queensland-based superannuation fund QSuper overcharged members for life insurance premiums.

Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation. 

A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict. 

A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.

A judge has upheld ASIC's privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system. 

Developer Thousand Hills Property has won an appeal in its fight with LBA Capital over a scuttled property deal for NDIS housing, with an appeals court accepting that LBA repudiated the deal in an email sent by its former director.