Most Recent
Noumi to face penalty in ASIC case after admitting to inflated inventory
Noumi has admitted in a case by ASIC to breaching its continuous disclosure obligations by overstating the value of its inventory and failing to give a true and fair view of the company’s financial position.
Three-way contest looms to run class action against IG Markets over CFDs
IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.
Block’s point-of-sale invention not patentable, IP Australia says
IP Australia has rejected US fintech Block's bid to patent a method for adjusting animations to enable a large volume of point of sale applications, finding the invention was a mere scheme that did not meet the manner of manufacture test for patentability.
Dixon Advisory class action loses novel bid for docs to use in mediation
A judge has refused a lead applicant’s novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.
In-house lawyer can’t rep WA company in proceedings against defamation lawyers
An in-house lawyer is barred from representing his employer in proceedings against a law firm after a judge found it breached rules in Western Australia that require corporate litigants to be represented by solicitors. 
Telstra, TPG give up fight over $1.8B network sharing deal
Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC's rejection of their proposed regional network sharing agreement.
Dell cops $10M penalty for misleading customers about discounts
Dell Australia has been ordered to pay a $10 million penalty for making false and misleading representations about the discount prices of add-on computer monitors.
SkyCity sets aside $45M for AUSTRAC case
SkyCity has set aside $45 million for its legal costs and a possible penalty in AUSTRAC proceedings alleging it allowed $4 billion in suspicious transactions at its casino.
Ousted partner claims he was defamed by PwC amid tax leaks crisis
A PricewaterhouseCoopers partner may launch defamation proceedings against the professional services firm over two press releases which he says falsely linked him to a tax leaks scandal in an attempt to “offer scapegoats” to the public. 
Junior doctors win first underpayments class action
Junior doctors have notched an important victory in a class action alleging Peninsula Health failed to pay overtime hours, with a judge finding the healthcare provider liable to pay for overtime that was not expressly authorised.