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TPG-backed company fleeced in major scam tied to $1B climate deal, court told
Exclusive 2023-05-18 11:00 pm By Cindy Cameronne

TPG-owned Anew Climate has sued an Australian company that allegedly impersonated a US carbon offset developer by using “bogus” emails to unlawfully receive payments under a $968 million (US$640 million) investment deal, a court has heard.

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WA government faces second class action by Banksia Hill inmates
Class Actions 2023-05-18 2:41 pm By Cindy Cameronne

Law firm Levitt Robinson has filed a second class action against the Western Australian government on behalf of inmates in the state’s Banksia Hill detention centre alleging unlawful disability and age discrimination.

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Sydney MP Alex Greenwich to sue Mark Latham over homophobic tweet
Defamation 2023-05-18 2:29 pm By Cindy Cameronne

Independent member for Sydney Alex Greenwich is preparing to bring a defamation case against One Nation’s NSW leader, Mark Latham, after he published a homophobic post on Twitter last month.

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Nine’s A Current Affair broke privacy rules in airing neighbour dispute, ACMA finds
Media 2023-05-18 11:36 pm By Gareth Baker

The Australian Communications and Media Authority has found Channel Nine breached privacy rules in a story on A Current Affair about a violent dispute between neighbours in regional New South Wales that went viral on YouTube.

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PwC tax leak scandal puts spotlight on firms’ uneasy commitment to compliance
Tax 2023-05-17 11:26 pm By Sam Matthews

The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.

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Linchpin class action concerned about ‘authenticity’ of evidence for trial
Restructuring & Insolvency 2023-05-17 1:33 pm By Cindy Cameronne

The applicant in an investor class action over the collapse of advisory firm Linchpin Capital and Endeavour Securities has raised concerns about the authenticity of Linchpin’s business records, which it wants to put into evidence at trial in two months.

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‘Not motivated by access to justice’: Funder hit with indemnity costs in copyright case
Intellectual Property 2023-05-17 3:08 pm By Cindy Cameronne

A judge has ordered a litigation funder that bankrolled a photographer’s unsuccessful copyright claim against CoreLogic to pay indemnity costs to the property data analytics company, saying the funder was not “motivated by any concerns for access to justice”.

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ASIC investigates Nuix boss over $236,000 share purchase
ASIC 2023-05-17 4:02 pm By Cindy Cameronne

The Australian Securities and Investments Commission has launched an investigation into whether Nuix’s current Chief Executive Officer Jonathan Rubinsztein unlawfully bought shares in the company after learning about a potential takeover offer.

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Court tosses conviction of Fly365 director, says case ‘doomed to fail’
Restructuring & Insolvency 2023-05-17 2:08 pm By Sam Matthews

A court has tossed a conviction secured in ASIC’s case against a director of collapsed flight booking platform Fly365, saying the case was “doomed to failure.”

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ASIC claims Solvar unit provided unsuitable car loans to vulnerable customers
ASIC 2023-05-17 11:00 pm By Gareth Baker

The Australian Securities and Investments Commission has dragged lender Money3 to court for allegedly failing to properly assess the creditworthiness of low-income individuals before saddling them with $11,000 loans for second-hand car purchases.

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