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Binary options trader hit with $1.8M penalty for ‘systemic’ exploitation
A Marshall Islands-based binary options trader has been hit with a $1.8 million penalty after a judge found it engaged in the "deliberate deception of vulnerable people".
Energy companies face $1B class action over alleged ‘bidding games’
Queensland’s two largest electricity generators are facing a potential class action over alleged “bidding games” designed to artificially inflate consumers' electricity bills.
Workpac takes casual worker case to High Court
Labour hire company WorkPac has asked the High Court to weigh in on a decision that grants entitlements to casual workers with regular shifts, a ruling it says could have a "devastating impact" on companies if allowed to stand.
More law firms to be dragged into Dover Financial negligence case
More law firms may soon be targeted in a lawsuit brought by defunct financial advisor Dover Financial alleging three law firms provided negligent advice concerning an inaptly titled 'client protection policy', which a judge recently found was "highly misleading" and "an exercise in Orwellian doublespeak".
University sued for firing cancer researcher with chronic back pain
A prominent Australian cancer researcher is suing the University of Technology Sydney for $744,000, alleging she was unfairly sacked after taking multiple periods of leave due to a physical disability.
Judge tells AUSTRAC to ‘guillotine’ Westpac case as it readies more claims
A judge has warned AUSTRAC that it needs to finalise its case against Westpac over anti-money laundering breaches as the regulator readies a slew of new claims, quashing any hopes of a trial this year.
Mayfair to retire ‘Platinum’ brand to put trade mark dispute to rest
Mayfair 101 has agreed to cease using the brand name Mayfair Platinum to settle a trade mark dispute brought by ASX-listed fund manager Platinum Asset Management.
Barrister’s arguments on constitutional issue in CFMEU case ‘the wrong way around’, judge says
A judge has rejected a bid by the CFMEU to pause a trial brought by two sacked union officials while the court gives the country's attorneys-general a chance to intervene over constitutional arguments raised, saying the union's barrister was wrong that the issues in the case could not be split up.
GetSwift leaked $138M deal to the press ahead of ASX announcement, ASIC says
GetSwift "sat on" an announcement about a lucrative deal with US-based automotive sales and marketing firm N.A. Williams for more than three weeks, then leaked the news to the media before announcing it on the Australian Stock Exchange, ASIC has told the Federal Court on day two of a trial in the corporate regulator's case against the logistics tech company.
ANZ says allegedly worthless insurance policies gave customers ‘peace of mind’
ANZ has denied claims that it sold allegedly worthless insurance to group members in a class action against the banking giant, and has said the policies gave customers "peace of mind".