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Victoria’s triple-zero operator faces class action investigation
Class Actions 2022-05-24 10:30 am By Cat Fredenburgh

Victoria’s Emergency Services Telecommunications Authority may be hit with a class action over alleged systemic failures in its ambulance call handling operations that may have led to at least 15 deaths.

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Insurer Bond & Credit Company points finger at Greensill Group
Insurance 2022-05-24 3:01 pm By Christine Caulfield

Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at the centre of four lawsuits because the supply chain financing firm concealed its risks and made fraudulent misrepresentations.

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Forex Capital liquidators win ‘urgent’ order for $69.5M distribution to customers
Restructuring & Insolvency 2022-05-24 5:42 pm By Cindy Cameronne

Forex Capital Trading liquidators have won an “urgent” bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as “little more than gambling”.

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‘Hold Crown to account’: Victoria proposes tougher gambling laws
Gaming 2022-05-24 9:49 pm By Cat Fredenburgh

The Victorian government has unveiled new laws that would give the state’s gambling regulator enhanced powers to take action against Crown Melbourne.

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Full clinical trial not needed for Parkinson’s drug patent, IP Australia says
Intellectual Property 2022-05-24 12:32 pm By Sam Matthews

An IP Australia delegate has rejected German drug maker Ever Neuro Pharma’s claim that extensive experimental evidence was needed to prove the usefulness of a Parkinson’s drug developed by UK-based Britannia Pharmaceuticals.

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Suncorp Group settles class action ahead of 25-day trial
Class Actions 2022-05-23 1:07 pm By Sam Matthews

A unit of Suncorp Group has reached an in-principle settlement in a class action over alleged conflicted remuneration on the first day of an expected 25-day trial.

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AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
Financial Services 2022-05-23 12:51 pm By Cindy Cameronne

The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

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Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
Class Actions 2022-05-23 3:03 pm By Cindy Cameronne

A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer’s redactions of board papers were “not justified”.

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Noumi drops serious misconduct claims against former GC
Employment 2022-05-23 9:14 pm By Cindy Cameronne

Noumi, the company formerly known as Freedom Foods, has dropped defence claims that it was entitled to sack its former secretary and group general counsel for serious misconduct.

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Uniden found to have infringed radio design patent of rival GME
Intellectual Property 2022-05-23 3:29 pm By Sam Matthews

A judge has found that Uniden infringed rival GME’s design patent for a handheld radio, derailing the company’s plan for an Australian launch of two products.

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