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The house wins: Aristocrat beats out IP Australia in fight over slot machine patents
Gaming giant Aristocrat Technologies has succeeded in its appeal of an IP Australia decision rejecting four of its gaming patents, with a judge finding they were "not a mere scheme" but an actual manner of manufacture.
ASIC, ANZ gear up for battle over Ashurst advice in bank fees case
ASIC has launched a bid to gain access to legal advice provided by Ashurst to Australia and New Zealand Banking Group in the regulator's case over $35 million in allegedly illegal bank fees.
CBA hit with $5M penalty for overcharging customers
A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its agricultural products, despite previously expressing concerns that the penalty was "on the light side".
Judge slams ‘deficient’ explanation behind $2.9M penalty in ACCC, HealthEngine case
A penalty hearing in the ACCC's case against health booking company HealthEngine over misleading online reviews has been adjourned after a judge criticised the parties' joint submissions as "deficient" for failing to explain how a proposed $2.9 million penalty had been arrived at.
Game over: Sony to pay $3.5M for misleading PlayStation representations
Gaming giant Sony has agreed to pay a $3.5 million penalty to settle proceedings brought by the ACCC for making misleading consumer representations to purchasers of PlayStation games.
Ex-Ferrari CEO tried to convince employee to have abortion, court papers show
The former CEO of Ferrari Australasia allegedly tried to talk an employee with whom he was having an affair into terminating her pregnancy, according to his lawsuit alleging he was unfairly sacked for engaging in what was "routine" behaviour among the upper ranks at the prestige car maker.
Former Sirtex boss released on good behaviour bond after insider trading conviction
The former CEO and director of biotech company Sirtex Medical was sentenced Thursday to 18 months' imprisonment for insider trading but was released immediately on a three-year good behaviour bond.
‘Sins of omission’: Westpac’s money laundering breaches not deliberate, report says
The failings that led to enforcement action against Westpac over 23 million alleged breaches of financial crime laws were ones of omission, and not the result of intentional wrongdoing, according to an independent report released by the bank on Thursday.
‘An immediate conflict of interest’: Appeals court tosses opt out notices in AMP class action
An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
Ex-Beem It boss takes fintech, CBA to court
Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case have not been released pending a bid to keep the claims confidential.