Just weeks after raids on DLA Piper and Macpherson Kelley, Thomson Geer has announced its fourth acquisition of the year, poaching a specialist tech law team from Russell Kennedy, as the firm pushes forward with plans to become one of the country’s top firms.
The Australian Securities and Investment Commission will not take action against the Commonwealth Bank of Australia or any of its directors of officers in relation to AUSTRAC proceedings the bank agreed to settle for $700 million in 2018.
The Commonwealth Bank of Australia has denied that it received any benefits through the sale of its Essential Super product, rejecting claims by Australian Securities and Investments Commission that it breached the conflicted remuneration provisions of the Corporations Act.
Construction giant Boral must now contend with three class actions by shareholders alleging it failed to disclose financial problems with its US windows business, but the cases will stay on ice pending a High Court challenge.
US blockchain technology firm Ripple Labs has said that it will rebrand and block access to allegedly infringing websites as it seeks to rapidly resolve an intellectual property dispute launched over the PayID trade mark.
The Australian Olympic Committee has settled litigation brought against a local microbrewery for allegedly violating its intellectual property by featuring the AOC coat of arms on its products and packaging without permission.
Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance.
Just four months after paying $32 million to settle a shareholder class action over disclosures relating to allegations of foreign bribery, engineering services company CIMIC faces another class action, this one alleging failures to keep the market informed about issues with its Middle East operations.
The company behind the ubiquitous mobile banking PayID system has filed Federal Court trade mark proceedings against a US blockchain technology firm over its global real-time payment service.
A local court magistrate overseeing the ANZ criminal cartel case has denied a bid by prosecutors to be given twice the length of time typically allotted to parties for case conference discussions, saying the sooner the proceedings can be transferred to the Federal Court the better.