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Iluka class action doesn’t need cash to put up security, judge says
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 pockets win over streetwear company in cargo pants IP dispute
Kmart has defeated claims by a streetwear company that the retail giant infringed the copyright for its cargo pants and shorts designs.
Judge ‘outraged’ by terms of ACCC’s $75M dieselgate settlement with VW
A judge is considering whether he can increase a record $75 million civil penalty settlement reached by Volkswagen and the ACCC over the dieselgate scandal, after saying the people of Australia would be “upset” if they knew about some of the “outrageous” terms to which the consumer watchdog had agreed.
Ex-Pizzeys patent attorneys deny using confidential info to poach clients
Two patent attorneys being sued by boutique IP firm Pizzeys Patent and Trade Mark Attorneys are resisting an application for preliminary discovery, denying the firm's claim that they misused confidential information to poach clients.
Judge rejects $42M Murray Goulburn class action settlement, says funder’s cut too high
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.
Medibank admits to violating consumer law with insurance cover fail
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.
Dick Smith cases to be heard together, after insurance class action plaintiffs drop discontinuance bid
A judge has ordered all proceedings against Dick Smith to be heard concurrently during a marathon three month trial, after the plaintiffs in a shareholder class action brought against the failed electronics retailer’s insurers aborted a fleeting bid to temporarily discontinue their case.
ANZ says ASIC overreaching in case over ‘periodical payment’ fees
ANZ has rejected allegations by the financial regulator that $35 million in fees charged to customers for periodical payments between accounts was unlawful, saying the regulator's case extended the scope of false and misleading representation claims.
Surfstitch agrees to settle shareholder class actions, again
Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute derailed.
Sydney Metro loses bid for Tiffany & Co chats in dispute over flagship store
High-end jewellery retailer Tiffany & Co has won its bid to block Sydney Metro from accessing privileged documents in a dispute over the compulsory acquisition of its store in Sydney's Martin Place for the $2.7 billion Sydney Metro rail project.