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DQ’d exec appeals ruling that Gadens email was proper service
Securities 2018-08-07 12:53 pm By Cat Fredenburgh

A Perth businessman has filed an appeal of a judge’s ruling that an email forwarded by a Gadens lawyer from ASIC alerting him that he had been disqualified from serving as a director constituted proper notification.

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ACCC appeals suppressed ruling in Cascade Coal cartel case
Competition & Consumer Protection 2018-08-07 10:08 am By Cat Fredenburgh

The ACCC is appealing a ruling dismissing its cartel case against Cascade Coal that alleged the company reached an agreement with rival Loyal Coal in the 2009 tender process for mining exploration licences in the Bylong Valley, NSW.

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WorleyParsons CFO told earnings targets a ‘stretch’, email reveals
Class Actions 2018-08-06 11:04 pm By Christine Caulfield

A week before WorleyParson’s CEO promised shareholders net profits in excess of $322 million for the 2014 financial year, the engineering group’s global finance director told its CFO that the company’s earnings targets were “a stretch”, according to an email uncovered in a shareholder class action.

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GetSwift class action should be reheard by new judge, Full Court told
Class Actions 2018-08-06 9:03 pm By Miklos Bolza

The judge overseeing the GetSwift class action proceedings was bent on picking a winner from the outset and should be removed from the case for rehearing, a barrister for one of the losing law firms told the Full Federal Court Monday.

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Big W worker wins $543,000 after injury sidelines career as paramedic
Employment 2018-08-06 7:40 pm By Christine Caulfield

A Big W worker whose on-the-job injury caused her chronic leg and back pain has won $543,000 in damages against Woolworths after the company admitted breaching its duty to the teenager.

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Private equity co. hit with $6.6M penalty for exploiting investor with dementia
Securities 2018-08-06 5:24 pm By Cat Fredenburgh

A cane farmer in his 80’s suffering from Alzheimer’s disease will get $6.6 million back that he invested in a failed technology venture, after a judge found the private equity company that arranged the investment exploited the man’s disability.

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Victoria’s Secret files lawsuit over knockoff body sprays
Intellectual Property 2018-08-06 11:43 am By Cat Fredenburgh

US lingerie company Victoria’s Secret has brought a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products, ahead of the much-anticipated launch of its first store in Australia.

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ACCC goes after Seednet for misleading farmers over barley performance
Agriculture 2018-08-06 11:30 am By Christine Caulfield

The consumer watchdog has filed enforcement action against grain supplier Seednet, alleging the company misled farmers about the quality of its newest barley variety.

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Trial delayed as Google asks Unlockd to prove it can pay
Competition & Consumer Protection 2018-08-06 11:03 am By Christine Caulfield

Unlockd says its close to finalising litigation funding to pursue its competition case against Google, but the September trial date has been pushed back as the search engine demands a show of proof that the failed startup can pay up if the case goes Google’s way.

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ACCC’s Sims issues warning to merger parties
Competition & Consumer Protection 2018-08-03 11:58 pm By Cat Fredenburgh

ACCC chair Rod Sims has warned the regulator is ready to take on any anti-competitive behaviour it uncovers during a phase-two merger review.

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