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Former Solicitor-General Justin Gleeson, SC, told a Federal Court judge Wednesday to reject a proposed $35 million deal between ASIC and Westpac, saying the bank should pay at least $100 million if it committed the responsible lending breaches alleged by the regulator.
Swedish air conditioner supplier Dometic has lost is case alleging patent infringement claims against Australian rivals Houghton Leisure and Finch Australia over the popular Belaire 3200 AC used in caravans and other recreational vehicles.
Liquidators for the collapsed Hastie Group will pursue test cases against two construction companies in their legal fight against more than two dozen major builders over tens of millions of dollars in unpaid bills, but an application is looming to halt the proceedings pending the outcome of a High Court challenge.
The New South Wales transportation regulator in charge of the Sydney light rail project says contractor Acciona Infrastructure is delaying a lawsuit over $1.2 billion in fees for the project by repeatedly ignoring requests for pleadings.
Generic drug company Apotex has settled a patent infringement case brought by global pharmaceutical giant Lundbeck over its blockbuster antidepressant Lexapro.
Japanese car parts manufacturer Yazaki will have to pay a $46 million penalty for price-fixing, now that the High Court has refused to hear its appeal of the record competition fine.
The Commonwealth of Australia has resolved its claims against pharmaceutical giant Wyeth over the price it paid to list Effexor on the PBS, months after a high stakes trial wrapped up.
Creditors of the failed Arrium Group have won access to documents handed over by third parties to the company's administrators for possible civil proceedings against the steel producer, which collapsed owing $2.3 billion.
An appeals court has ordered the judge overseeing a fraudulent concealment trial over Cargill's $420 million purchase of the Joe White malt business to reconsider his decision to allow an in-house lawyer at Glencore to access "highly confidential" deal documents.
A judge has granted a unit of Queensland Investment Corporation's request for a confidentiality regime for certain documents discovered in an ongoing legal spat with EnergyAustralia over the $1.78 billion sale of a gas facility in Victoria, but said three EnergyAustralia can view the documents.