Misha Saul
Business

EVP takes legal action against StrongRoom AI’s founders and administrators, freezing assets to try and get their $10.4 million back

- March 31, 2025 4 MIN READ

EVP has lodged legal action in the Federal Court of Australia in a bid to recoup the $10.44 million it invested in Melbourne startup StrongRoom AI. The Sydney venture capital firm headed to court in Brisbane on Monday afternoon to seek an urgent order freezing assets worth up to $10,440,969 million against 13 defendants, including… Read more »

Dean Freestone
Business

The cofounder of Seer Medical is fighting investor Breakthrough Victoria in court, claiming he was unfairly dismissed from the startup

- December 20, 2024 3 MIN READ

The Victorian government’s controversial $2 billion venture fund has been embroiled in an unfair dismissal case launched by the cofounder of one of its portfolio companies. Seer Medical founder Dr Dean Freestone launched Federal Court action against the company he helped launch and Breakthrough Victoria earlier this year, alleging he was forced out of the… Read more »

Mark Zuckerberg
Data

Meta just got off cheaply in a $50 million compensation deal over data scraping scandal

- December 17, 2024 3 MIN READ

Facebook’s parent company, Meta, has struck a $50 million deal with the Australian Information Commissioner to settle a Federal Court case over privacy breach involving the Cambridge Analytica political scandal. While it’s the second largest settlement struck by Meta over the matter, its a fraction of the US$725 million (A$1.14bn) the tech giant paid to… Read more »

bitcoin
Business

Ex-CEO of failed crypto exchange Mine Digital charged with fraud over $2.2 million in missing bitcoin

- October 22, 2024 2 MIN READ

The former CEO of the company behind defunct Queensland digital asset exchange Mine Digital has been charged with criminal fraud in the wake of an investigation by corporate regulator the Australian Securities and Investment Commission (ASIC). Grant Colthup, who was CEO of ACCE Australia Pty Ltd, appeared in Ipswich Magistrates Court on Monday charged with… Read more »

Cryptocurrency

Finder just had a big win against the corporate cop, ASIC, over its crypto wallet

- March 14, 2024 2 MIN READ

Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »

Twitter, X, rebrand, Elon Musk
Social Media

Australia’s eSafety commissioner launches legal action against Elon Musk’s X Corp

- December 21, 2023 2 MIN READ

Australia’s online safety regulator, the eSafety Commission, has launched legal action against the Elon Musk’s rebranded Twitter company, X Corp, for its alleged failure to comply appropriately to requests to explain how the social media site was dealing with child sexual exploitation and abuse material. The civil case in the Federal Court of Victoria follows… Read more »

bitcoin
Cryptocurrency

ASIC has launched legal action against the Kraken crypto exchange alleging more than 1,100 customers lost $13 million on a product that didn’t meet regulatory rules

- September 21, 2023 2 MIN READ

Financial regulator the Australian Securities and Investment Commission (ASIC) has launched Federal Court against Bit Trade Pty Ltd, the company behind the Kraken crypto exchange in Australian, alleging it failed to comply with regulations designed to protect consumers. ASIC’s case alleges Bit Trade’s failure to make a “target market determination” for its margin trading product,… Read more »

Apple iPhone
Global tech

A class action against Google and Apple over app commissions is hunting for Australian app designers to join in

- April 3, 2023 2 MIN READ

Australian lawyers are seeking app developers to join a class action against Google and Apple over what they claim is an abuse of market power by charging 30% commissions on in-app spending while preventing competitive payment alternatives. The class action reflects similar legal action launched in 2020 by Epic Games, the company behind Fortnite, against the… Read more »

Google office
Global tech

Google has lost its legal fight with the ACCC over misleading consumers about location data

- April 16, 2021 2 MIN READ

Google and Google Australia misled consumers about its use of personal location data, according to Australia’s Federal Court in a landmark legal decision. Consumer watchdog the ACCC took Google to court in October 2019 over the use of location data collected through Android mobile devices between January 2017 and December 2018, in a world-first enforcement… Read more »

Topic

Tradie marketplace Service Seeking cops $600,000 fine over customer ‘reviews’ written buy the businesses

- July 22, 2020 2 MIN READ

Reviews pre-written by companies and emailed to customers to endorse as a testimonial have cost online tradie marketplace Service Seeking $600,000 following legal action by the competition watchdog the Australian Competition and Consumer Commission (ACCC). The Federal Court hit Service Seeking Pty Ltd with $600,000 in penalties for making false or misleading representations regarding business… Read more »