The Australian Securities and Investments Commission formed the view that Dover Financial’s “Orwellian” client protection policy was misleading in 2016 but did not raise its concerns with the now defunct firm until 2018, a court has heard.
The company behind the ubiquitous bubble wrap has won a consumer case against Visy Packaging, with the Federal Court awarding almost $3 million in damages after finding a spoon-lid combination supplied to yoghurt maker Chobani breached an exclusive licence agreement.
A Sydney rabbi who told the Royal Commission into Child Sexual Abuse that he did not know touching a child’s genitals was a crime has lost a defamation case against SBS and the Murdoch-owned Nationwide News, with the NSW Supreme Court finding that the media “accurately reported” the rabbi’s own words.
After failing to persuade the court at trial, shareholders in a class action against Myer have another chance to prove they suffered financial loss after the department store was found to have repeatedly neglected to correct an inflated profit forecast from former CEO Bernie Brookes five years ago.
A division of the CFMEU has criticised a court ruling barring members from industrial action against stevedoring giant DP World Australia Group, calling it an “alarming attack on democratic rights”.
The brother of the founder of defunct whitegoods distributor Kleenmaid has lost an appeal seeking to overturn his conviction on fraud and insolvent trading charges for masterminding a $13 million fraud against Westpac.
JPMorgan has taken ANZ to task for its “heroic endeavours to create an air of suspicion” around the conduct of ASIC and the ACCC prior to the filing of a landmark criminal cartel case, slamming the allegations as purely speculative.
A judge overseeing the first of what could be many shareholder class actions over Westpac’s anti-money laundering breaches — brought by class action specialists Phi Finney McDonald — has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.
Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than 23 million occasions, in the first lawsuit to point the finger at the company’s executives.
Treasury Wine Estates has notched another legal victory in its ongoing battle to block Chinese knockoffs of its iconic Penfolds wine brand.