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Lloyd’s loses bid for quick dismissal of NAB’s $655M insurance lawsuit
Three syndicates of Lloyd's London have failed in their bid to toss a case brought by National Australia Bank seeking £357 million ($655 million) in insurance claims relating to two consumer redress schemes in the UK.
Bendigo and Adelaide Bank loses 20-year-old trade mark for ‘Community Bank’
A judge has overturned a win for Bendigo and Adelaide Bank in a trade mark battle with NSW-based Community First Credit Union, finding the credit union had successfully argued to revoke the bank's 20-year-old trade mark for 'Community Bank'.
ACCC wins record $26.5M penalty against Empower Institute
The ACCC has won a record $26.5 million penalty against defunct vocational trainer Empower Institute for "duping" disadvantaged customers into enrolling in courses they couldn't afford with the promise of free laptops and cash.
Silverchair frontman sues Sunday Telegraph for defamation over brothel story
Silverchair frontman Daniel Johns has filed defamation proceedings against the Sunday Telegraph over an article that stated a brothel specialising in bondage had become a "second home" for the rocker.
After questioning funder’s cut, judge quietly approves KPMG class action settlement scheme
A judge has quietly given his seal of approval to a settlement distribution scheme in a class action against KPMG, after raising questions about Piper Alderman's legal bill and the litigation funder's "arguably excessive" cut of the confidential settlement.
ACCC to bring misuse of market power case by end of year
The Australian Competition and Consumer Commission currently has twelve misuse of market power investigations underway, one of which will likely make it to the courthouse before the year is up.
ACCC’s Sims says ‘strong competition’ lacking in retail banking sector
ACCC Chair Rod Sims reiterated concerns about the lack of competition in the retail banking sector on Wednesday, but shut down media reports that the competition regulator is pushing for a royal commission-scale inquiry into the big four banks.
Family tries again for cut of Malaysia Airlines class action settlement
The family of an Australian national who was killed aboard Malaysia Airlines flight MH17 is challenging a ruling that blocked it from participating in a recent class action settlement.
Workpac wants stay of class actions amid looming Full Court ruling on casuals
Labour hire company Workpac is seeking to stay two class actions over leave entitlements allegedly owed coal miners, amid a looming judgment from the Full Federal Court that will clarify the definition of casual employees.
MACH Energy settles $20M lawsuit by former director
Mining firm MACH Energy has resolved a lawsuit brought by a former director seeking $20 million in shares allegedly owed under an equity incentive scheme.