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Judge pauses ASIC case against ANZ over $2.5B share placement
ANZ Bank has secured a stay of the corporate cop's civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it fights criminal cartel charges related to the controversial share placement.
Competing law firms agree to join forces in BHP class action
Rival law firms Phi Finney McDonald and Maurice Blackburn have offered to consolidate their competing shareholder class actions against BHP after prompting by the Full Federal Court, which said Friday it approved of the plan.
Judge crushes Monster Energy’s opposition to monster wheel trade marks
A judge has allowed a company associated with leading tyre retailer Bob Jane T-Mart to register three trade marks for its brand of Monster alloy wheels, dismissing claims from US energy drink giant Monster Energy that allowing the registration would lead to confusion.
Investors can’t revive class action over Octaviar collapse
An appeals court has tossed a challenge to the dismissal of an investor class action against the Public Trustee of Queensland over a failure to predict the 2008 collapse of Gold Coast-based finance group Octaviar, finding that the class had run a case based on allegations outside of its claims.
Grand Theft Auto modder confident of defence in Take-Two copyright case
A developer of what's now being called the "Infamous Mod" for video game Grand Theft Auto, which gives players extra powers, is confident he can defend the copyright case brought against him by Take-Two Interactive and its subsidiary Rockstar Games.
US seafood giant Trident loses appeal in trade mark row with Aussie food company
US-based Trident Seafoods has lost a Federal Court fight with an Australian-based Asian food company over three trade marks for the word 'Trident'.
Ex-James Estate Wines boss takes another shot at ANZ in $14M dispute
Failed winemaker David James has launched a fresh bid to overturn a $14 million judgment for ANZ against him, telling a court he is still pursuing the bank after six years because the dispute has "taken his life's work".
Funder takes all in Equititrust settlement with KPMG, creditors get nothing
The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors and unitholders that they won't see a cent, an outcome the judge called "a long way from litigation in any traditional sense".
Maurice Blackburn reunites with air cargo lead applicant in cartel class action against banks
The law firm running a cartel class action alleging manipulation of foreign exchange rates by five global investment banks is teaming up with the same lead applicant that represented group members in the price-fixing case against major international airlines.
Quinn Emanuel files appeal after losing AMP class action contest
Law firm Quinn Emanuel Urquhart & Sullivan has followed through on its threat to appeal a high stakes ruling that shut down its shareholder class action against AMP, along with two competing cases, after a two-day beauty parade that saw rival firm Maurice Blackburn take the prize.