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The Australian Prudential Regulation Authority will not challenge a Federal Court ruling that dismissed its case against fund manager IOOF as “unpersuasive”, “fundamentally inadequate” and “tenuous in the extreme”.
The a2 Milk Company has come up short again in opposing a competitor's bid to register a trade mark containing "a2", with a delegate finding the reputation of its goods does not lie in the descriptive term a2 alone.
Car rental company Australian 4WD Hire will need to take steps to recover deleted, allegedly threatening emails after a court found it had not complied with its discovery obligations in an unconscionable conduct case brought by the consumer regulator.
Commonwealth Bank subsidiary Colonial First State and former director Linda Elkins face a class action alleging the wealth management group breached its superannuation trustee duties by failing to promptly transfer $3.2 billion of default members’ funds to a lower-cost, high-performing MySuper product.
The applicant in a shareholder class action against Iluka Resources can put up security for the company's legal costs by way of two insurance deeds of indemnity, but a bid to use the deeds to replace the $1.25 million it earlier paid in cash security has failed.
Kmart has defeated claims by a streetwear company that the retail giant infringed the copyright for its cargo pants and shorts designs.
HWL Ebsworth has resolved a lawsuit alleging one of its partners helped the former directors of an insolvent mobile ticketing company divert the proceeds of a life insurance policy to pay money owed to the firm.
A judge has hit pause on National Australia Bank's case against Helen Rosamond’s executive services company Human Group over an alleged $42.4 million fraud against the bank, amid an ongoing criminal case against Rosamond.
A judge has refused to sign off on a $42 million settlement of a class action against dairy giant Murray Goulburn, saying the commission sought by the funder appeared out of proportion to the risk and above the going rate.
Health insurer Medibank has admitted to engaging in misleading and deceptive conduct when it falsely told consumers they were not eligible for certain coverage under their insurance policies in what it called an "internal process failure", but denies the ACCC's claim that consumers were denied the benefits they paid for.