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AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC 2024-09-11 11:57 pm By Cindy Cameronne

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

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High Court upholds rejection of liquidator’s bid for pooling orders
High Court 2024-09-11 11:22 pm By Cindy Cameronne

The High Court has rejected a liquidator’s appeal arguing that two NSW printing press companies’ joint right to sue could be pooled to pay off debts for the entire corporate group.

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Judge OKs $100M AMP class action settlement, denies ATE insurance deduction
Class Actions 2024-09-10 1:31 pm By Christine Caulfield

A $100 million settlement by AMP in a class action by financial planners over the wealth manager’s buyer of last resort policy has been given the OK, but the litigation funder won’t be reimbursed for $2.6 million in insurance and administrative costs.

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Class action can grill Boral boss over email reference to EY’s dismal take on US biz
Trials 2024-09-10 3:13 pm By Christine Caulfield

Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.

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Law firm founded by ex-Holding Redlich partner can’t act against former client
Business of Law 2024-09-10 11:14 pm By Andy Sidler

A long-time client of a former Holding Redlich partner has been granted a permanent injunction restraining the lawyer from acting against it in proceedings over a Queensland residential development.

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Ex-Seven reporter drops suit after court told of 13 complaints by women
Employment 2024-09-10 11:33 pm By Cat Fredenburgh

Axed Seven Network reporter Robert Ovadia has dropped a lawsuit against his former boss, just days after the court heard that 13 women came forward with complaints following his dismissal.

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Mesoblast reaches settlement in class action over COVID-19 treatment
Class Actions 2024-09-09 12:57 pm By Cindy Cameronne

Mesoblast has agreed to settle a shareholder class action centred on statements to the market about its Remestemcel-L treatment, resolving claims it misrepresented the efficacy of the therapy for COVID-19 patients.

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Uber judge grapples with ‘unprecedented’ number of late registrants for $272M settlement
Class Actions 2024-09-09 11:52 pm By Cindy Cameronne

Almost 7,000 taxi drivers who did not sign up to two class actions against Uber by the deadline are asking the court for a cut of a $272 million settlement, with a judge questioning what she “unleashed” when sending out the notice of settlement. 

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X Corp wants to dodge eSafety Commissioner’s notice served on Twitter
Social Media 2024-09-09 11:45 pm By Andy Sidler

X Corp claims it is not answerable to a compliance notice the eSafety Commissioner issued to Twitter concerning its monitoring of child sexual abuse on its platform, telling the court there’s a “lively dispute” about the effect of the company’s acquisition by Elon Musk.

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Uber wins fight with NSW revenue office over $81M in payroll tax
Tax 2024-09-09 11:09 pm By Andy Sidler

Uber has successfully challenged five years of payroll tax totalling more than $81 million, with a judge finding that payments made to drivers should not be taxed as wages as Uber only acts as a “payment collection agent” between rider and driver.

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