Smiles Inclusive shareholders vote former chairman and founder off the board

Smiles Inclusive shareholders vote former chairman and founder off the board

The shareholders of Gold Coast-based dental company Smiles Inclusive (ASX: SIL) have had their say in the future of the company's board. Founder and former CEO Mike Timoney (pictured) and ex-chairman David Herlihy have been removed by shareholders at the company's extraordinary general meeting held Wednesday afternoon. Over 64...

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Blue Sky Alternatives Access Fund secures control of bank account

Blue Sky Alternatives Access Fund secures control of bank account

Listed spinoff of Blue Sky Alternative Investments (ASX: BLA) the Alternatives Access Fund (ASX: BAF) has confirmed it is solvent and now separate from its parent as BLA falls into receivership. Last week, the directors of BAF took steps to secure control of the bank account holding in excess of $29 million by placing a stop on the accoun...

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Blue Sky's Alternative Access Fund cuts supply to mothership

Blue Sky's Alternative Access Fund cuts supply to mothership

Last week, embattled investment fund Blue Sky (ASX: BLA) announced it was not going to meet the terms of a $50 million loan from US-based Oaktree Capital Management. A heavy-handed approach has been the response from the company's Alternative Access Fund (ASX: BAF), which has opted to cut supply to its parent while it considers t...

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IPO pushed back for Australian Family Lawyers

IPO pushed back for Australian Family Lawyers

Offers for a backdoor listing of Melbourne-headquartered Australian Family Lawyers (AFL) have been extended by almost a month while the company undertakes discussions with the ASX. A reverse takeover of Navigator Resources (ASX: NAV) was approved by shareholders in April with expectations the IPO would raise $6.5 million by the time ...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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Retail Food Group backflips on use-by date extensions

Retail Food Group backflips on use-by date extensions

Following an exposé by The Sydney Morning Herald the parent company behind Michel's Patisserie has backflipped on its internal decision to extend use-by dates on food products. As reported by The SMH Retail Food Group (ASX: RFG) instructed Michel's franchisees to ignore expiry dates on packaging and adopt new shelf-life dat...

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Financial impact of LandMark White cyber attack revealed

Financial impact of LandMark White cyber attack revealed

The data beach of listed property valuation group LandMark White has hurt the company's revenue by up to $7 million. The company has revealed today the full extent of the breach on the group's bottom line, plus the significant cost of making sure this type of cyber-attack does not happen again. The company says the breach, whi...

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Taxi drivers take on Uber in large scale class action

Taxi drivers take on Uber in large scale class action

It might be the biggest class action Australia has ever seen as Maurice Blackburn gears up to take on ride-sharing giant Uber. The law firm is acting on behalf of thousands of taxi, hire car, charger vehicle, and limousine drivers across the country to "hold Uber accountable for destroying their livelihoods". The case has be...

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How to protect your business from the threat of e-fraud

How to protect your business from the threat of e-fraud

Cash flow is the life blood of any business, but managing it can be difficult. According to Westpac and Deloitte, small businesses in Australia are spending up to one working day every week chasing invoices that's a lot of time. During that tunnel-vision slog, where business owners become buried headfirst in processes and manageme...

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Australian businesses lose $7.2 million from email scams in 2018

Australian businesses lose $7.2 million from email scams in 2018

Email scams hit Australian businesses more than 5800 times in 2018, with losses exceeding $7.2 million according to the Australian Competition and Consumer Commission ('ACCC'). The ACCC's Targeting Scams report details how sophisticated email scams hit Australian businesses at a 53 per cent increase compared to 2017. This ...

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Class action against Lendlease filed in NSW Supreme Court

Class action against Lendlease filed in NSW Supreme Court

Maurice Blackburn has confirmed that a class action against Lendlease (ASX: LLC) will go ahead after filing an open class action in the New South Wales Supreme Court today. The class action arises from alleged misleading behaviour from Lendlease who Maurice Blackburn say failed to adequately disclose the long-running problems affecting it...

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Smiles Inclusive takes founder Mike Timoney to court

Smiles Inclusive takes founder Mike Timoney to court

Divided dental company Smiles Inclusive (ASX: SIL) has commenced legal proceedings against beleaguered founder Mike Timoney (pictured) alleging serious misconduct and breaches of the law. The action follows the substantial completion of an interim investigation into the conduct of the ousted former CEO who remains on the board along with ...

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ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

ACCC takes Bupa to court for allegedly rorting elderly residents of thousands of dollars

Bupa has come under fire from the Australian Competition and Consumer Commission (ACCC) for allegedly charging elderly residents thousands of dollars for services they never provided. The ACCC says Bupa Aged Care Australia made false or misleading representations to its aged care residents in 21 homes about services it did not provide or ...

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Quinn Emanuel files class action against IOOF

Quinn Emanuel files class action against IOOF

Just under a month after announcing its intention to file a class action law suit against financial advice firm IOOF (ASX: IFL) Quinn Emanuel Urqhart & Sullivan (Quinn Emanuel) has filed the proceedings in the Supreme Court. The class action is part of the industry-wide fallout from the Royal Commission into the banking and finance se...

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ACCC takes iSelect to court over its allegedly misleading comparison tool

ACCC takes iSelect to court over its allegedly misleading comparison tool

Comparison service iSelect has wound up in court after the Australian Competition and Consumer Commission (ACCC) alleged that its energy plan comparison service was misleading. The watchdog alleges that since November 2016 iSelect has claimed consumers using its website would benefit from iSelect comparing all plans available from its par...

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Inside Australian Family Lawyers' $6.5M IPO

Inside Australian Family Lawyers' $6.5M IPO

At the completion of Australian Family Lawyers' (AFL) IPO it will become the latest Australian law firm to list on the ASX. Following yesterday's extraordinary general meeting when Navigator Resources Limited (ASX: NAV) shareholders gave AFL the greenlight for a reverse takeover of the mining company. The firm is joining the l...

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30 witnesses for lengthy GetSwift trial

30 witnesses for lengthy GetSwift trial

The corporate watchdog has flagged that it intends to throw 30 witnesses at software company GetSwift in its now delayed trail. The large number of witnesses, expected to take around six weeks to get through, has compelled Federal Court judge Michael Lee to delay the trial until 2020 to allow GetSwift to prepare for the bout with the Aust...

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Maurice Blackburn is coming at Lendlease with potential class action

Maurice Blackburn is coming at Lendlease with potential class action

Australian class action law firm Maurice Blackburn is investigating a potential shareholder class action against Lendlease Group (ASX: LLC) after the construction group allegedly misled the market. The investigation arises from alleged misleading behaviour from Lendlease who Maurice Blackburn say failed to adequately disclose the long-run...

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Zuckerberg calls for more regulation over the Internet

Zuckerberg calls for more regulation over the Internet

Facebook has clearly grown bigger than founder Mark Zuckerberg ever imagined. In just a few short years he's gone from Silicon Valley darling to the scapegoat for the world's ills. He copped the brunt of the blame for Brexit and Trump, and more recently has received a fair share of criticism for Facebook's handling of the ...

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ACCC gives IPH acquisition of Xenith the green light

ACCC gives IPH acquisition of Xenith the green light

The likelihood of an intellectual property giant materialising in Australia is edging closer after the Australian Competition and Consumer Commission (ACCC) delivered its blessing. Though shareholders have the option of choosing who IP firm Xenith will partner up with, the ACCC has said that it will not oppose IPH Limited's proposed a...

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Slater & Gordon slated over "We win cases like yours"

Slater & Gordon slated over "We win cases like yours"

Eaglegate Lawyers principal Nicole Murdoch has no objection to one of two recent trademark applications Slater & Gordon (ASX: SGH) has made with IP Australia. The mark reads "Slater + Gordon. We win cases like yours", and that's fair enough according to Murdoch. After all, it would make no sense for any law firm to ...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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Class action looms for IOOF

Class action looms for IOOF

While Australia's prudential watchdog takes action against IOOF (ASX: IFL) directors and executives over alleged misconduct, the wealth manager is about to face another legal battle. Sydney-based law firm Quinn Emanuel Urquhart & Sullivan announced today it planned to file a class action against IOOF, arising from evidence given a...

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IPH threatens QANTM-Xenith merger with counterbid

IPH threatens QANTM-Xenith merger with counterbid

Intellectual property company IPH (ASX: IPH) is upping the ante in its courtship of Xenith (ASX: XIP), putting in a higher takeover bid it claims will bring greater value than a merger in the works with QANTM Intellectual Property (ASX: QIP). Xenith knocked back IPH's $1.80 per share offer in November, opting instead for an all-scrip ...

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Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

After months of withholding notes from interviews of current and former AMP representatives, law firm Clayton Utz has finally coughed up documents requested by the Australian Securities and Investments Commission (ASIC). The notes formed the basis for Clayton Utz's October 2017 report on on fees for no service (FFNS) that was consider...

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Slater & Gordon in sell-off after senior lenders set free

Slater & Gordon in sell-off after senior lenders set free

Restructuring efforts from law firm Slater & Gordon (ASX: SGH) have failed to ward off a loss of $10.3 million for 1H19, as the group continues its path to recovery after a woeful foray into the UK market. The result compares to a profit of $141.2 million at the end of 2017, a figure that was only supported by a on...

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ASIC swoops on GetSwift with civil proceedings

ASIC swoops on GetSwift with civil proceedings

GetSwift (ASX: GSW) and its directors Bane Hunter and Joel Macdonald are once again in the firing line. The Australian Securities and Investment Commission (ASIC) has today launched civil proceedings against GetSwift in the Federal Court of Australia in Melbourne. The proceedings relate to a series of ASX announcements made by GetSwif...

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LandMark White hacked data sat on dark web for 10 days

LandMark White hacked data sat on dark web for 10 days

Property valuer LandMark White (ASX: LMW) has resumed trading this morning after investigating a serious data breach that occurred some time in December 2018. The company entered into a trading halt on Friday after major banks suspended important contracts. The Commonwealth Bank, National Australia Bank and ANZ have all suspended cont...

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