Securities
ASIC loses case against Nuix over disclosures after $1.8B float
ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX.
Employment
Kyle Sandilands says his treatment of Jackie ‘O’ was ‘contractually desired’
A barrister for KIIS FM shock jock Kyle Sandilands has responded to allegations that he bullied co-host Jackie 'O' Henderson by claiming his behaviour was desirable under his contract, saying “if you buy Kyle, you get Kyle”.
Competition & Consumer Protection
Judge hits Emma Sleep with $18M penalty, half of what ACCC sought
A judge has hit mattress retailer Emma Sleep with an $18 million penalty after it admitted to repeatedly misleading consumers about discounts, saying the ACCC's proposed $36 million was not needed to achieve deterrence, noting there was no financial loss to consumers.
Competition & Consumer Protection
Did Woolworths pull wool over customers’ eyes with Oreo price? ACCC says yes
For two years the Oreo Family Pack cost a Woolworths customer $3.50, until the biscuits were bumped to $5 in late 2022. Three weeks later, the product appeared on the shelves as a 'Prices Dropped' special, selling for $4.50. Inflation, Woolworths says. Deception, says the ACCC.
Intellectual Property
In major trade mark win for A2 Milk, judge finds ‘a2’ not a generic description
A2 Milk has won a long-running lawsuit alleging Care A2 Plus infringed its trade marks, with a judge finding the infringement was flagrant and rejecting arguments that 'a2' is descriptive of a type of milk that only contains the a2 protein.
Class Actions
Class action alleges Pfizer knew of Depo-Provera’s brain tumor risks
US drug maker Pfizer has been hit with a class action alleging it knew or ought to have known about the increased risk that patients who used its injectable contraceptive Depo-Provera could develop brain tumors.
Trials
The Deb actress says Rebel Wilson ‘very difficult’ to be around
Actress Charlotte MacInnes has told a court she did what she could to "preserve a professional relationship" with Rebel Wilson despite the director and comedy actor being "very difficult" to be around.
Trials
Woolworths manager says baby food ‘before’ price contingent on deal
A Woolworths manager has admitted he wouldn't have been content to sell Nestle's Ceralac at the advertised 'before' price of $6.50 in the absence of the product's listing on the supermarket chain's Prices Dropped program.
Class Actions
Light & Wonder hit with class action over theft of Aristocrat’s trade secrets
Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.
Class Actions
Sportsbet wants class action to give up pre-retainer comms with firm
Sportsbet has argued that the lead plaintiff in a class action over alleged unlawful in-play betting services should hand over communications he had with his solicitor before he signed a retainer.
