A judge has adjourned an application by law firm Slater & Gordon for a common fund order in a class action against the Commonwealth Bank and its wealth management unit, amid two landmark challenges to the courts’ powers to make such orders.
The top lawyer for Woolworths, who oversaw a lengthy process to offload the grocery giant’s petrol business as well as the aftermath of a rocky joint venture with US home improvement store Lowe’s, will step down from his position after four years on the job.
Italian meat producer A.I.A. has lost its opposition to a trade mark application by competing salumi manufacturer Borgo, with the Registrar of Trade marks finding commonplace geometrical forms in trade marks that also feature a distinctive word are insufficient to distinguish a mark.
Retail OTC derivative issuer AGM Markets has had its financial services licence canceled, after ASIC found it engaged in unconscionable conduct and failed to manage conflicts of interest.
Westpac has been ordered to pay a $3.3 million penalty for engaging in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, with a Federal Court judge admitting the fine was “inadequate.”
A judge has shot down a bid by Clive Palmer to block the liquidators of Queensland Nickel from making enquiries as to the whereabouts of his fugitive nephew, the sole registered director of the refinery when it collapsed.
Adero Law is seeking to intervene in a Federal Court case against WorkPac over the rights of casual workers, arguing a class action it plans to bring against the labour hire firm should be heard first.
Medical device maker AMS has told the Federal Court that claims in a class action against it over allegedly defective pelvic mesh implants did not meet the standard for a representative proceeding.
The Morrison Government plans to block the $13 billion acquisition of Australian energy infrastructure business APA Group by a Hong Kong group of companies led by CK Group, saying the deal was not in the national interest.
The ACCC said Thursday that while the merger of Fairfax Media with Nine Entertainment is likely to reduce competition among media providers, it will not oppose the tie-up.