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‘We have to get this case moving’: Judge orders indictment be filed in ANZ cartel case
The Federal Court judge who is now overseeing a high stakes criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement has ordered that an indictment be filed by February 1, telling the parties "we have to get this case moving" and that he hoped to move the matter to trial "before we all retire".
ASIC won’t challenge loss in Tennis Australia case, but more claims may be coming
ASIC will not appeal a Federal Court decision tossing the majority of its case against former Tennis Australia director Harold Mitchell and accusing the regulator of "confirmatory bias" in bringing the case, but has foreshadowed fresh claims related to allegedly inconsistent statements given during its investigation.
NSW can’t shield docs in ACCC competition case over ports privatisation
The NSW government cannot assert public immunity over cabinet documents sought in a case brought by the ACCC over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla.
ACCC wins promise from Toyota to step up consumer compliance
Car giant Toyota, which is facing a class action over allegedly faulty diesel particulate filters in some of its vehicles, has agreed to step up its compliance with consumer laws, including how it communicates with car owners about mechanical issues.
$50M settlement resolves class action against Vocation, PwC
A $50 million settlement has been reached in a long-running shareholder class action against defunct vocational training company Vocation that also spawned multiple cross-claims against the failed company's auditor PricewaterhouseCoopers, law firm Johnson Winter & Slattery and individual directors.
Qube resolves misuse of market power case against Port of Newcastle
Logistics services provider Qube has resolved a lawsuit that accused the Port of Newcastle of misusing its power in the market for port services by denying Qube's request to use its own equipment to provide dry bulk unloading services at the port.
In loss for Seiko, High Court adopts patent exhaustion doctrine
The High Court has ruled that a patentee's rights to control what can be done with a patented product after it is sold are "exhausted" upon sale.
High Court set to rule on patent exhaustion in ink cartridge case
The High Court will hand down its highly anticipated decision in a patent dispute between printer giant Seiko Epson and ink cartridge reseller Calidad on Thursday, a ruling expected to provide clarity on the the rights of businesses to modify patented goods.
Ex-Tennis Australia director Harold Mitchell must pay $90,000 in ASIC case
The Federal Court has ordered former Tennis Australia director Harold Mitchell to pay a $90,000 penalty after a "narrow" win for ASIC in its case over the domestic broadcast rights to the Australian Open.
‘Stock Swami’ Twitter account says no reasonable person would believe tweets about Tolga Kumova
The operator of the Stock Swami Twitter handle has responded to a defamation case brought by mining entrepreneur Tolga Kumova, saying a reasonable reader would not consider his tweets a reliable source of factual information about the businessman.