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$6M class action settlement is one claim under insurance policy, Bank of Queensland says
The Bank of Queensland has criticised a judgment which found the bank's insurance policy left it on the hook for a $6 million settlement of a class action brought by investors in a multi-million dollar Ponzi scheme by jailed fraudster Bradley Sherwin.
ACCC to review ANZ Terminals $350M bid for GrainCorp unit
The Australian Competition and Consumer Commission has opened a review into the proposed $350 million acquisition of a unit of global agribusiness GrainCorp by storage and handling specialist ANZ Terminals.
Viva Energy can’t block arbitration in oil tanker dispute, judge says
A judge has sent a dispute between oil giant Viva Energy and a Panama-based oil transporter over petroleum allegedly contaminated during transport into arbitration.
Trial in Fitch Ratings class action delayed a second time
A battle over expert evidence in an invester class action against Fitch Ratings has delayed this month's scheduled trial in the case by three months and forced the court to send the parties' experts into conclaves.
Queensland Sugar in sweet victory as Wilmar negligence case dismissed
Industry-owned Queensland Sugar Limited has succeeded in dismissing a court case brought by Wilmar Sugar Australia after record-high rainfalls led to a $60.8 million loss in 2010.
Sims Metal hits back at class action, says group members responsible for losses
Recycling company Sims Metal Management has responded to a shareholder class action ahead of a hearing on Tuesday, denying it breached its continuous disclosure obligations and partially placing the blame for any losses at the feet of group members.
Novartis patent for oral form of top-selling MS drug obvious, IP Australia says
A proposed Novartis patent for an oral form of its top-selling multiple sclerosis drug Gilenya is invalid for lack of inventive step, IP Australia has found, but gave the pharmaceutical giant a chance to amend.
Paltar Petroleum to be wound up after judge finds ‘too much uncertainty’ in DOCA
Oil exploration company Paltar Petroleum will be wound up after a judge rejected a proposed deed of company arrangement as containing "too much uncertainty".
Aussie boot maker ordered to pay $450,000 for infringing Deckers’ UGG trade mark
A Chicago jury has ordered an Australian maker of ugg boots to pay US-based footwear company Deckers Outdoor US$450,000 ($643,000) in damages for infringing the company's trade mark.
La Trobe University academics can’t keep names secret in law school head’s legal action
Two female academics who made complaints of bullying against the head of La Trobe University's law school and were named in his legal action against the university over his subsequent suspension have lost a bid to keep their identities under wraps.