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Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.
The Australian Securities and Investments Commission is taking a third swing at cyber enforcement proceedings, suing financial planner Fortnum Private Wealth after a breach saw the data of 9,000 clients published to the dark web.
JB Hi-Fi wants an advance ruling in a class action on the period of cover provided to customers for breach of statutory guarantees under the consumer law, a question that has never been addressed by the courts.
Law firm Holding Redlich has bolstered its workplace and safety practice with the appointment of two senior lawyers from Moray & Agnew.
The applicant in one of four declassed COVID-19 business interruption class actions has reached a settlement under which it will receive $100,000 and the funder the backed the case will pay $1 million towards Insurance Australia's costs.
Construction PRO
Dyldam Developments' former boss Sam Fayad and his two sons have been ordered to pay over $50 million in a case by the liquidator of a special purpose vehicle claiming company funds were misused.
HR company Employment Hero has launched legal action against investor and rival Seek, alleging the hiring giant has breached competition laws by terminating access to its API.
A judge has expressed worries that a class action against EY and collapsed Blue Sky Alternative Investments is “drifting” amid concerns from the defendants about "indulgent" discovery and potentially “significant” pleading changes.
A Sydney lawyer who sent profanity-laden emails to a Mills Oakley partner during a dispute with the Salvation Army and his mother-in-law over payment of a refundable deposit has been struck off the roll.
Construction PRO
Brookfield has scooped up a 19.9 per cent stake in real estate investment manager Cromwell Property Group.