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AGL must pay $3.5M in energy regulator’s case over SA blackout
Three AGL Energy subsidiaries have been ordered to pay $3.5 million in penalties for breaches of energy rules that led to a statewide blackout in South Australia.
‘I want complete transparency’: Forum Finance director faces grilling for legal funds
A judge has told Forum Finance director Vince Tesoriero to “revisit” evidence about his true financial position if he wants to win the release of $1.25 million to pay for his defence in Westpac’s fraud case against him, amid concerns about whether he has made full disclosure to the court.
Virgin ordered to hand over insurance details in shareholder class action
Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class action over a prospectus for a $324 million capital raising just months before it filed for administration.
Optus warns of ‘irreversible consequences’ of Telstra, TPG network deal
Optus has railed against the proposed network sharing agreement between Telstra and TPG, warning that it spells the return of a communications monopoly in regional Australia.
Confidentiality no ‘excuse’ for Apple refusing to hand over docs in patent dispute, court told
An Australian non-practicing entity alleging Apple's Touch ID and Face ID technology infringes its patents has accused the Silicon Valley company of refusing to comply with court orders to hand over documents.
ABC settles defamation suit over ‘Putin’s Patriots’
The ABC has settled a lawsuit by the head of Russian motorcycle club Night Wolves over an allegedly defamatory Four Corners report.
Law firm behind ANZ, Westpac flex commission cases to try again for contingency fees
The law firm that lost the first ever application for a group costs order in class actions against ANZ and Westpac has indicated it will revive its bid, tweaking a retainer agreement with group members in hopes of winning the court's approval this time.
Macquarie not to blame for $2.9M theft by adviser, court told
Macquarie Bank has denied liability for a financial adviser’s theft of $2.9 million in customer funds, which the Australian Securities and Investments Commission alleged was caused by the bank’s failure to monitor third-party withdrawals.
Toyota didn’t invent Lexus grille shape: IP Australia
Toyota has lost a bid to trade mark the shape of its ‘spindle grille’, which features on models in its Lexus division, despite a finding it was used and heavily promoted in Australia for years.
ATO takes aim at ‘reckless’ legal professional privilege claims
The Australian Taxation Office has finalised its protocol for dealing with claims of legal professional privilege, developed in response to large companies asserting "reckless" privilege claims which the ATO says obstruct its investigations.