A Canadian trader is appealing a ruling that threw out his $10 million defamation case against the Australian Securities and Investments Commission over allegedly defamatory communications the regulator sent to major stockbrokers.
Engineering services company CIMIC will fork over $32.4 million to settle a shareholder class action, with group members expected to get 40 per cent of the settlement total if the court approves the requested legal costs and funder’s commission.
The lead applicant in a shareholder class action against laser technology company Arasor will walk away with a fraction of the approximately $508,000 in legal and other bills it has racked up in disputes with the ATO and funder International Litigation Partners following the approval of a $19.25 million class action settlement more than two years ago.
A judge has sentenced the founder of defunct whitegoods distributor Kleenmaid to nine years in prison for his role in a $13 million fraud against Westpac, saying it would be “obnoxious and naive” to consider his crimes victimless.
Women’s clothing retailer Sussan is facing a lawsuit from an employee who claims he suffered psychological injury after being forced to don gold hotpants, a bikini top and a pink cowboy hat and perform with a Kylie Minogue impersonator at a company event.
Computer processing giant Intel cannot register ‘Intel Falcon’ as a trade mark for drones, with an IP Australia officer finding the mark is deceptively similar to three existing marks.
Two shareholder class actions against failed electronics retailer Dick Smith will head to trial in March, after a failed attempt to resolve the long-running dispute in mediation.
Clyde & Co has snagged three insurance partners from Norton Rose Fulbright, as the global firm continues to expand in Australia.
A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.
Online real estate giant Domain has filed a lawsuit against an up-and-coming competitor in the property listings market, alleging the startup’s ads misleadingly claim it will have property listings before any of its rivals.