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Fat pill patent by Danone unit gets IP Australia’s OK
Danone's Nutricia unit has defeated a challenge by New Zealand's dairy cooperative Fonterra to registration of an Australian patent for the use of a nutritional pill for increasing weight gain in frail, elderly people.
CBA’s $25M rate-rigging settlement gets court OK
The Federal Court has approved Commonwealth Bank's $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
Toys ‘R’ Us to close after administrators fail to find buyer
Toys 'R' Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
Trustee settles class action over LKM Capital collapse
The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.
Aussie acai berry co. denies stealing rival’s story
An Australian acai berry company has hit back at accusations it co-opted the pioneering narrative of US acai berry bowl maker Sambazon to promote a competing business.
Class action lawyers should be able to work on contingency, VLRC says
Class action lawyers should be allowed to charge contingency fees and earn a percentage of any settlement, the Victorian Law Reform Commission said Tuesday on the much anticipated release of its report into class action funding.
Apple to pay $9M in ACCC case over iPhone repairs
Apple will pay $9 million to resolve a case by the ACCC alleging the US tech giant's repair policies were in breach of the Australian Consumer Law, according to a court order Monday.
Fourth class action filed over St Patrick’s Day fires
Powercor Australia has been hit a class action alleging its negligence led to a fire in the Gazette area of South West Victoria, the fourth class action the electrical distribution company faces over the 2018 St Patrick's Day fires.
Netcomm Wireless settles Corning’s patent suit over NBN tech
NetComm Wireless has settled a suit brought by Corning Optical Communications alleging broadband technology used in the National Broadband Network rollout infringes on an innovation patent.
ASIC takes Westpac to court for financial adviser’s bad behaviour
The corporate regulator has launched legal action against Westpac Banking Corp. over a former financial planner's poor advice that resulted in multimillion dollar losses to customers.