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Class action can claim Westpac unit knew about $1.9M Ponzi scheme
Class Actions 2018-08-14 9:23 pm By Cat Fredenburgh

A judge has denied a Westpac unit’s bid to strike allegations that it knew about a $1.9 million Ponzi scheme from a class action alleging the bank aided the Ponzi schemer’s illegal conduct.

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The most sought-after firms for IP litigation
Intellectual Property 2018-08-10 8:40 pm By Cat Fredenburgh

When it comes to bet-the-company matters that keep corporate counsel awake at night, intellectual property disputes often rank at the top of the list. And these eight law firms are the ones companies turned to the most last year when facing a courtroom battle over their IP.

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Slater & Gordon beats Maurice Blackburn to court with Brambles class action
Class Actions 2018-08-10 5:48 pm By Cat Fredenburgh

Slater and Gordon has filed a shareholder class action against Brambles over its allegedly misleading and overly rosy 2017 financial forecasts, beating rival Maurice Blackburn to the punch almost 10 months after it announced it was investigating a shareholder class action against the logistics company.

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ObjectiVision can’t overhaul claims in University of Sydney spat over AccuMap
Intellectual Property 2018-08-10 3:46 pm By Miklos Bolza

Ophthalmic diagnostic device manufacture ObjectiVision can’t file amended claims for damages following a trial in a copyright and contract case against the University of Sydney, with a judge saying the school would be “severely prejudiced” if the new claims were allowed.

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Cargill can add details of law firm meeting to case against Viterra
Trials 2018-08-09 11:42 pm By Cat Fredenburgh

Cargill has won court approval to amend its pleading against Viterra to include details of a law firm meeting in which Viterra executives allegedly made assurances that there were no quality issues with its malt, more than two months into the trial over the $420 million sale of Viterra’s Joe White Maltings business to Cargill in 2013.

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S&P settlement approved despite ‘extraordinarily large’ funder fee
Class Actions 2018-08-09 9:34 pm By Miklos Bolza

A judge has given the green light to a settlement of seven class actions against ratings agency S&P Global over toxic financial products, saying despite an “extraordinarily large” litigation funding fee the deal was a “significant vindication” of group member claims.

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Westpac dodges ASIC bid for rogue trader chatter
Financial Services 2018-08-07 9:46 pm By Christine Caulfield

The corporate watchdog can’t get its hands on documents detailing Westpac’s disciplinary measures against rogue traders or communications between the employees ahead of a penalty hearing in a case that found the bank attempted to influence the Bank Bill Swap Rate.

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Viterra wins Cargill sale docs after mid-trial revelation
Trials 2018-08-07 9:07 pm By Cat Fredenburgh

Cargill has been ordered to turn over what it describes as “highly confidential” documents related to the possible sale of its malt business, a new revelation in the complex trial over claims Viterra fraudulently concealed crucial information when it sold malt producer Joe White Maltings to Cargill Australia in 2013 for $420 million.

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University of Sydney slams ObjectiVision’s ‘outlandish’ damages claims
Intellectual Property 2018-08-03 11:40 pm By Miklos Bolza

Ophthalmic diagnostic device maker ObjectiVision’s amended claims for damages, filed after a 25-day patent hearing, are “outlandish” and “unfair,” the University of Sydney has told the Federal Court.

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Letters to Kmart bigwigs didn’t breach copyright law, streetwear co. says
Intellectual Property 2018-07-30 5:36 pm By Cat Fredenburgh

Globe International denies that it violated the law when it sent multiple letters to Kmart allegedly threatening legal action for infringing its copyright for cargo pants and shorts.

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