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NAB super fund trustee faces $100M class action over excessive fees
A NAB-owned trustee is facing a possible class action over $100 million in allegedly excessive fees charged to super fund members.
Bayer hit with class action over contraceptive implants
Slater & Gordon has filed a class action against life sciences giant Bayer over allegedly defective contraceptive implants that caused serious side effects, requiring many patients fitted with the devices to have hysterectomies.
BASF termite control patent invalid, court told
Sherwood Chemicals wants to exterminate claims alleging it infringed two patents held by US chemical giant BASF for an underground termite control system, saying the patents were invalid and that any infringement, if it occurred, was innocent.
Prosecutors to fight witness cross-examination at ANZ cartel committal hearing
Prosecutors will oppose a bid by ANZ, Citigroup, and Deutsche Bank to cross-examine witnesses at the upcoming committal hearing of the criminal cartel case over ANZ's botched $2.5 billion institutional share placement.
Dick Smith insurers face class action over IPO-related policy
Allianz and a number of other insurers of Dick Smith are now facing a class action over the extent of coverage under an insurance policy for the collapsed electronics retailer's initial public offering.
Embattled ex-Quintis boss loses $13.3M sandalwood plantation loan dispute
Frank Wilson, solicitor and founder of failed sandalwood producer Quintis, has been ordered by a court to repay a $13.3 million loan used to invest in a 215 hectare Indian sandalwood plantation.
Ex-James Estate Wines boss ‘manufactured’ evidence in $14M dispute with ANZ, court says
A judge has dismissed failed winemaker David James latest bid to overturn a $14 million guarantor judgment against him and in favour of ANZ, saying much of his sworn evidence was “manufactured” and “obviously tailored to suit his case”.
Samsung in hot water with ACCC over water resistant claims
The Australian Competition & Consumer Commission has commenced legal action against Samsung Electronics for allegedly making false, misleading and deceptive representations when marketing the water resistant capabilities of its Galaxy smartphones.
APRA had ‘unhinged hatred’ of IOOF exec, court told
APRA has been accused of harbouring an “unhinged hatred” for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA documents he claims were disparaging of the wealth management company and its executives.