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Commonwealth Bank settles with ex-GM who blew whistle on bonuses
Employment 2020-09-17 2:12 pm By Cat Fredenburgh

Commonwealth Bank of Australia has resolved a lawsuit brought by a former general manager alleging he lost his job for blowing the whistle on a system allegedly used by staff to inflate their bonuses.

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ACCC can’t stop buy now, pay later finance in solar industry
Energy & Natural Resources 2020-09-15 11:37 pm By Cat Fredenburgh

The Australian Competition Tribunal has shot down ACCC moves to restrict the use of buy now, pay later finance for the purchase of solar goods and other new energy technology products.

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Ernst & Young faces $12M damages claim over collapse of soda ash maker Penrice
Financial Services 2020-09-15 11:58 am By Cat Fredenburgh

Ernst & Young is facing a claim for $12 million damages in a lawsuit over its auditing of collapsed soda ash maker Penrice.

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NAB units ordered to pay $57.5M in ASIC fees for no service case
Financial Services 2020-09-11 11:28 pm By Cat Fredenburgh

The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.

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‘Some American burger’: Hungry Jack’s ad pokes fun at McDonald’s trade mark lawsuit
Intellectual Property 2020-09-11 11:06 pm By Cat Fredenburgh

Hungry Jack’s has released a new television ad poking fun at McDonald’s lawsuit alleging its new ‘Big Jack’ burger violates the US fast food giant’s intellectual property for its classic ‘Big Mac’, referred to in the ad as “some American burger”.

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Former analyst sentenced to 3 years for Big Un insider trading
White Collar 2020-09-11 3:52 pm By Cat Fredenburgh

A former Maple Brown Abbott analyst has been sentenced to three years after pleading guilty to insider trading and communicating inside information in relation to $1.6 million in shares of collapsed video company Big Un.

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Merck Sharpe & Dohme sues Lupin over Januvia patent
Intellectual Property 2020-09-07 2:44 pm By Cat Fredenburgh

US pharmaceutical giant Merck Sharp & Dohme has taken a unit of Indian generic manufacturer Lupin to court for allegedly threatening to infringe the patent for its multibillion-dollar diabetes drugs Januvia and Janumet.

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Hungry Jack’s ‘bemused’ by McDonald’s trade mark lawsuit
Intellectual Property 2020-09-07 12:53 pm By Cat Fredenburgh

Hungry Jack’s has struck back at allegations that it deliberately copied the look of McDonald’s classic ‘Big Mac’ with its new ‘Big Jack’ burger, saying customers would not confuse the burgers.

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CBA hit with class action over grandfathered commissions
Class Actions 2020-09-03 10:28 pm By Cat Fredenburgh

A class action has been filed against the Commonwealth Bank of Australia over commissions grandfathered by the Future of Financial Advice reforms.

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Global agreement will boost ACCC investigations into Google, Facebook
Competition & Consumer Protection 2020-09-03 1:21 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has signed an information sharing agreement with four competition regulators around the globe that will boost its current and future investigations into Google and Facebook.

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