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Westpac reaches $750,000 settlement with Forum Finance director’s father
Financial Services 2023-09-01 10:32 pm By Cat Fredenburgh

Westpac has settled its claims against the father of Forum Finance director Vince Tesoriero, who along with fellow director Bill Papas is accused of perpetrating a $400 million fraud against the bank to fund their lavish lifestyles.

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ACCC to seek $250M penalty against Qantas in flight cancellation case
Competition & Consumer Protection 2023-09-01 11:55 pm By Cat Fredenburgh

The ACCC will seek a record penalty of more than $250 million against Qantas for selling tickets on cancelled flights, saying companies were not “sufficiently” scared of the consequences of misleading consumers.

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Banksia senior barrister belatedly struck from roll in South Australia
Business of Law 2023-08-31 11:18 pm By Christine Caulfield

Disgraced Banksia class action barrister Norman O’Bryan has been struck from the roll of legal practitioners in South Australia for his part in what has been described as the darkest chapter in Victoria’s legal history.

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Government brings $325M High Court challenge over generic Plavix ban
High Court 2023-08-31 4:18 pm By Cindy Cameronne

A 16-year battle between the federal government and drug maker Sanofi-Aventis over an allegedly unjustified court order that prevented the release of a generic version of blockbuster blood-thinner Plavix has gone to the High Court.

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IAG may face follow-on class action over ‘loyalty discounts’
Class Actions 2023-08-31 2:33 pm By Cat Fredenburgh

Two units of insurer IAG are facing possible class actions that mirror claims in proceedings brought by the Australian Securities and Investments Commission last week that accuse the insurer of misleading home owners insurance customers about loyalty discounts.

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ASIC seeks ‘re-run’ of trial against James Mawhinney, court told
Financial Services 2023-08-31 3:23 pm By Cindy Cameronne

ASIC wants to re-run its case against investment group M101 Nominees and founder James Mawhinney after admitting it made errors at its initial trial, arguing for new fines and disqualification orders on remittal by the Full Court, a judge has heard.

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Medibank to sue privacy commissioner over possible contempt
Privacy & Cybersecurity 2023-08-31 2:48 pm By Sam Matthews

A judge has endorsed Medibank’s bid to sue the OAIC so the court can weigh in on the health insurer’s bid to halt the regulator’s investigation in favour of a class action over its October data breach, saying the OAIC’s interference with the court proceedings could constitute a contempt of court.

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ACCC takes Qantas to court for selling tickets on cancelled flights
Competition & Consumer Protection 2023-08-31 2:06 pm By Cat Fredenburgh

The ACCC has initiated court proceedings against Qantas for allegedly continuing to sell tickets on more than 8,000 flights that had been cancelled weeks earlier.

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Seven defence survives in defamation suit over interview with Meghan Markle’s father
Defamation 2023-08-31 5:45 pm By Sam Matthews

A paparazzo suing Seven for defamation over an interview with Meghan Markle’s father has failed to strike out the broadcaster’s contextual truth defence alleging he is a conman that sought to portray victims of Harvey Weinstein in a bad light.

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Judge tosses claims in $650M dealer lawsuit against Mercedes-Benz
Contracts 2023-08-30 11:30 pm By Cat Fredenburgh

A judge has thrown out claims in a $650 million lawsuit by 38 dealers against Mercedes-Benz Australia over its decision to move to a fixed-price agency model, finding the dealers’ lawsuit sought to rewrite the terms of their agreement with the car maker on more commercially favourable terms.

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