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Provident Capital class actions settle on eve of trial
Class Actions 2018-07-30 12:09 pm By Cat Fredenburgh

A settlement has been reached in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.

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No holds barred in GetSwift class action challenge
Appeals 2018-07-27 11:58 pm By Christine Caulfield

The naming of Squire Patton Boggs as a concurrent wrongdoer in GetSwift’s defence puts the law firm in an “impossible position of conflict of interest” if it wins a challenge to an order staying its class action against the company, the Full Federal Court has been told ahead of a highly anticipated appeal hearing that promises to pull no punches.

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Yazaki unit appeals price fixing fine to High Court
Competition & Consumer Protection 2018-07-26 11:23 pm By Cat Fredenburgh

A unit of Yazaki Corp is seeking High Court approval to file an appeal after the Full Federal Court handed down a record $46 million penalty against the car parts maker for colluding with a competitor on prices for wire harnesses supplied to Toyota.

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Nudie family loses bid for frozen assets to fund legal woes
Appeals 2018-07-23 9:56 pm By Miklos Bolza

The Federal Court has dismissed an application by tax lawyer Michael Binetter and his wife Suzanne Binetter to dip into over $3 million in frozen assets to fund a case over an alleged $120 million international tax evasion scheme.

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Rokt’s software patent to take centre stage in high-stakes hearing
Intellectual Property 2018-07-17 11:30 pm By Christine Caulfield

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.

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Provident receivers may face objections over PwC merger
Class Actions 2018-07-16 5:45 pm By Cat Fredenburgh

The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident’s former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.

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17-yr-old trade mark error can’t be fixed, Full Court rules
Intellectual Property 2018-07-16 4:39 pm By Christine Caulfield

Industrial filter manufacturer Vokes has lost its fight to correct a 17-year-old error that removed it as the registered owner of six trade marks, with the Full Federal Court ruling Monday that the Registrar did not have the power to fix the mistake of her own initiative.

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Lawyer fooled by conman Peter Foster’s “psychological brilliance”, court hears
Class Actions 2018-07-12 10:45 pm By Miklos Bolza

A Sydney lawyer accused in a class action of conspiring with notorious conman Peter Foster in a fraudulent sports betting scheme that left investors $29 million out of pocket was taken in by Foster’s “psychological brilliance”, her barrister told a court Thursday.

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Ford class action trial date vacated for ‘procedural failures’
Class Actions 2018-06-28 11:52 pm By Cat Fredenburgh

The judge overseeing a massive class action against Ford over its PowerShift transmission has vacated the trial date, blaming the lead applicant’s numerous “procedural failures”.

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Ex-Kimberley Diamonds exec acquitted in ASIC case
Securities 2018-06-27 4:30 pm By Cat Fredenburgh

The former head of Australian mining company Kimberley Diamonds has been acquitted of charges that he signed off on market statements that assumed luxury retailer Tiffany & Co would pay higher prices for the company’s rare yellow diamonds.

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