The litigation funder underwriting a shareholder class action against BHP Billiton over the company’s Brazilian mine disaster is a corporation created by two major US plaintiffs’ firms with the sole purpose of backing the Australian case.
AMP has hit back against claims in the first of multiple class actions it faces, saying its practice of charging fees for no service did not warrant disclosure to shareholders. And despite sacking its GC for the extent of his exchanges with Clayton Utz over a report into the practice, the company now says the number of interactions was exaggerated.
Japanese retail store Daiso has been fined $355,000 for selling dangerous products, including projectile toys, that did not comply with Australian safety standards.
Macquarie Bank has been hit with a third lawsuit by financial advisers alleging the bank broke the law by paying them solely in commissions, this one by a dozen Brisbane-based advisers seeking more than $3.25 million in regular wages.
Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.
Google has been fined a record $6.8 billion by the European Union’s antitrust watchdog for imposing restrictions on its Android operating system to maintain its search engine dominance.
Cosmetics company Lush Australia will pay back $2 million to thousands of workers after discovering an error in its payroll system dating back to 2010.
A three-day hearing starts Wednesday in a challenge by marketing technology startup Rokt to an IP Australia decision that rejected its patent application, a closely-watched case that could move the dial on the patentability of software.
In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.
A patent dispute between SNF and BASF that started in 2008 and went all the way to the High Court has come to an end, with the chemical giants appearing to have settled what remained of their hard-fought battle.