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Rio Tinto must pay $750,000 for disclosure breaches over $5.8B acquisition
Mining giant Rio Tinto has been ordered to pay a $750,000 penalty in ASIC's case over a disclosure breach linked to its $5.8 billion purchase of a Mozambique coal mining company.
Mitsubishi hits back at class action, says it can’t be sued over fuel efficiency labels
Mitsubishi has denied class action allegations that it made misleading fuel efficiency representations on labels affixed to the windshields of over 70,000 Triton Utes, and says it can't be sued under the Australian Consumer Law because the labels were required by law.
Careers Australia liquidator can pursue overseas directors on evidence of insolvent trading
The liquidator of collapsed vocational education provider Careers Australia can serve its lawsuit on two of the company’s former directors now living overseas, after a judge found a prima facie case of insolvent trading and breaches of directors duties had been made out.
Qantas ordered to pay Perth Airport $9.5M in terminal fee dispute
Qantas has been ordered to pay $9.5 million in unpaid fees after the Western Australia Supreme Court resolved a dispute over the "fair and reasonable" amount owed for terminal services provided for the airline's domestic and international flights.
$28M settlement in Arnold Bloch Leibler class action to get court’s OK
A judge will approve a $28 million settlement resolving a class action against Arnold Bloch Leibler over advice the law firm gave to Slater & Gordon ahead of a disastrous acquisition. A 28 per cent commission for the case's funder will also get the court's nod.
Banksia class action lawyers make $10.6M settlement offer
Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case that has put them on the hook for at least double that sum.
Bayer tries to revive patent term extension for contraceptive drug
Bayer says the patents office was wrong to quash an extension for its patent covering an oral contraceptive on the grounds that its application should have been based on a drug with an earlier approval date.
Settlement talks in Astora pelvic mesh class action ‘well advanced’
Settlement talks in a class action brought by Shine Lawyers against Astora Women's Health on behalf of women injured by allegedly defective pelvic mesh products are "well advanced", while mediation in two similar actions is ongoing, a court has heard.
CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.
Law firm can’t slug group members with adverse costs bill in bushfire class actions
A law firm that ran two class actions over the St Patrick's Day bushfires has lost a bid to have group members foot the bill for $50,000 in adverse costs, with a judge saying there was "no basis" for the request.