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EFTPOS provider Tyro has secured a $10 million settlement in a lawsuit accusing a unit of Canadian firm Lightspeed of violating a restraint of trade clause by encouraging Tyro customers to adopt its own competing payment system.
A Norwegian company can’t dodge service of a $2.5 million lawsuit via its Australian solicitors, failing in its argument that exceptional circumstances are needed to avoid the more lengthy and costly process of serving it in its home country.
Herbert Smith Freehills has filed proceedings against its former client United Petroleum, seeking costs of successfully defending a lawsuit alleging it acted negligently in relation to the company’s failed initial public offering in 2016.
Commonwealth Bank of Australia and subsidiary CommSec have been hit with $10.34 million in penalties -- the highest ever imposed in enforcement action by the workplace regulator -- after admitting it underpaid thousands of employees more than $16 million.
In a case believed to be the first of its kind, the liquidators of boiler room trader Forex Capital Trading have sued ASIC, seeking to claw back over $20 million in fines and costs they says constituted unfair preference payments and should be distributed among the company’s out-of-pocket clients.
The Australian Competition and Consumer Commission has raised concerns about the owner of realestate.com.au acquiring a national forms platform used by real estate agents, saying it could “significantly harm competitors”.
The Australian Securities and Investments Commission has taken two units of Paladin Group and one of its directors to court for allegedly raising more than $100 million from 258 investors without a financial services licence.
Maddocks has recruited a special counsel from Ashurst to head up its trade marks and brand protection practice.
A judge has found that Lisa Wilkinson acted reasonably in ditching Network Ten’s legal team in a defamation case brought by Bruce Lehrmann, noting the “distrust” between the presenter and her former employer as well as other matters, including a retainer Ten's solicitors had with The Australian newspaper.
The High Court has granted special to leave to a class action against Ford over allegedly PowerShift transmissions, agreeing to hear the case alongside two appeals in a class action against Toyota that deal with how reduction in value damages should be calculated under the Australian Consumer Law.