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Meta loses bid to put ACCC’s crypto ad case on ice
Competition & Consumer Protection 2023-10-25 10:59 pm By Cat Fredenburgh

A judge has rejected Facebook owner Meta’s request to pause a case  by the Australian Competition and Consumer Commission over scam cryptocurrency ads until a private criminal action by mining magnate Andrew Forrest is decided.

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Former Ord Minnett wealth adviser barred from soliciting clients
Employment 2023-10-25 6:17 pm By Sam Matthews

A judge has granted wealth manager Ord Minnett’s bid for injunctions preventing a former senior wealth adviser from soliciting its clients.

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Qantas abandons China Eastern pact in another capitulation
Competition & Consumer Protection 2023-10-25 12:56 pm By Christine Caulfield

Qantas has again conceded defeat in the face of opposition by the ACCC, this time bowing out of a joint coordination agreement with China Eastern Airlines.

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ASIC loses case against super trustee Diversa over banned advisor
Financial Services 2023-10-24 10:27 am By Sam Matthews

A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.

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KFC faces potential class action over rest breaks
Class Actions 2023-10-24 2:46 pm By Christine Caulfield

A class action investigation has been launched against KFC, which is accused of depriving tens of thousands of workers of ten-minute paid breaks during shifts.

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Class action investigation over risky CFDs aimed at broker IC Markets
Financial Services 2023-10-24 3:49 pm By Christine Caulfield

Contracts for difference are again the target of a potential class action against an online broker on behalf of inexperienced investors who allegedly lost hundreds of millions of dollars.

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White Oak claims insurer owed a novel duty of care in $6B Greensill cases
Insurance 2023-10-24 9:02 pm By Cindy Cameronne

Lender White Oak Commercial Finance will bring a novel claim against insurer Bond & Credit Company alleging it owed a duty of care to disclose an investigation into Greensill when it bought securities from the collapsed financier’s German-based bank.

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Monsanto loses bid to throw out ‘cut and paste’ expert evidence in Roundup class action
Class Actions 2023-10-24 11:18 pm By Cat Fredenburgh

Monsanto can’t throw out the evidence of an expert for the plaintiff in a class action over its Roundup product who has testified that the company engaged in criminal conduct in trying to bury scientific reports on the popular weed killer’s alleged cancer-causing properties.

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Judge to take on Heston Russell costs assessment after reports of $2M in fees
Defamation 2023-10-24 11:46 pm By Cindy Cameronne

The judge overseeing ex-commando Heston Russell’s defamation case against the ABC over reporting of alleged war crimes will be involved in assessing his costs after media reports put his lawyers’ fees at $2 million.  

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India can’t avoid $111.3M arbitral award over aerospace investments
Arbitration 2023-10-24 4:16 pm By Cindy Cameronne

The Indian government has lost its bid to dodge a $111.3 million arbitral award in a dispute with three Mauritian companies that invested in Indian satellites, with a judge finging the country waived its foreign state immunity. 

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