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MWL Financial Group's co-founder and a group of superannuation and investment funds are seeking court approval to bring a derivative suit on behalf of the investment adviser against its private equity-backed US parent company, Focus Financial.
A legal stoush over a "secret" side agreement between the lead applicant in a shareholder class action and a litigation funder has been shut down, with the Full Federal Court on Monday dismissing an appeal by the applicant.
A judge has denied a bid for summary judgment by Garmin Australia in a lawsuit brought by the GPS giant seeking $1.1 million allegedly owed under an agreement to supply its products for sale in Australia.
A "secret" side agreement between the lead applicant in a shareholder class action and a litigation funder is at the centre of a dispute in the Federal Court that is delaying distribution of a $19 million settlement in the case.
A judge has fined two companies for selling garage-door remote controls that infringe three Australian patents owned by U.S.-based The Chamberlain Group.
The Australian Patent Office wants the Federal Court to uphold its decision refusing an application by marketing technology start-up Rokt for a patent covering its online advertising system, offering fresh justification.
The Australian Securities and Investments Commission has won a $1 million penalty against a financial advice firm for breaching the so-called best interest duty, the first ever penalty imposed for such a violation.