A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest in complex derivatives, which ASIC is seeking to have wound up for alleged violations of the Corporations Act.
Two generic drug makers have lost their bid for confidential documents related to Neurim Pharmaceuticals’ patents covering sleep drug Circadin, with a court ruling legal professional privilege was waived in a phone conversation between a DLA Piper lawyer and the company’s founder.
Two rival poppy processors are facing off in another courtroom battle over patents for high codeine-yielding poppy plants.
Cash Converters has been ordered to turn over information on people it provided payday loans to in Queensland in a class action alleging it charged a brokerage fee to borrowers for services they never received.
Fundraising company Appco told a judge Friday that it faced an ‘injustice’ if a wage case were allowed to proceed as a class action on behalf of over 1,000 workers, but the judge was not impressed, saying the argument made ‘no sense’ to him.
Eight former directors of failed mining company Kagara have settled a shareholder class action alleging they misled investors and falsified the company’s accounting records, the Federal Court heard Friday.
Embattled financial giant AMP has moved to regain customer trust, allocating $290 million to compensate customers going back 10 years, the company told shareholders Friday.
A unit of Yazaki Corp is seeking High Court approval to file an appeal after the Full Federal Court handed down a record $46 million penalty against the car parts maker for colluding with a competitor on prices for wire harnesses supplied to Toyota.
Fundraising company Appco Australia challenged the similarities between group members in a class action alleging it misclassified workers as independent contractors to avoid paying minimum wage and benefits, even after a judge shot down its bid to block the case from proceeding as a class action.
Investors in a class action against failed online retailer Surfstitch Group won access Thursday to transcripts of interviews of former boss Justin Cameron by the corporate watchdog.