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S&P fights ‘significant’ expansion of class action over CDO ratings
S&P Global is fighting bids to expand a class action alleging systemic defects in its ratings systems to a new type of complex financial product and to include allegations from a US Department of Justice case in a separate suit by two Cayman Islands-based companies.
Lisa Wilkinson says rape claim against Bruce Lehrmann ‘substantially true’
Television presenter Lisa Wilkinson has filed her defence to a defamation suit by accused rapist Bruce Lehrmann, arguing the claim that he raped fellow Liberal staffer Brittany Higgins in Parliament House in 2019 is substantially true.
Crown owns up to ‘serious and systemic’ breaches of money laundering laws
Casino giant Crown has admitted to a "significant number" of anti-money laundering and counter terrorism breaches in a case brought by AUSTRAC.
Boost Mobile sues Optus for ‘flagrant’ trade mark infringement
Boost Mobile has sued telecommunications giant Singtel Optus, alleging it “misappropriated” its goodwill by marketing services under a similar product name after Boost chose to move its mobile network to Telstra.
Fitbit says ACCC must show why 45-day refund limit is not reasonable
Google-owned Fitbit has denied ACCC allegations it misled consumers about their rights concerning faulty devices, and has challenged the regulator on its claim that it was obligated to refund customers who did not raise a complaint within 45 days of purchase or shipment.
ASIC files first-ever action over whistleblower breaches against TerraCom
The Australian Securities and Investments Commission has brought its first-ever case alleging breach of whistleblower protections against coal producer TerraCom, claiming it made misleading statements to the market that damaged a whistleblower’s reputation.
K&L Gates lures real estate partner from Arnold Bloch Leibler
K&L Gates has snagged a partner from Arnold Bloch Leibler to bolster the real estate practice in its fast-growing Sydney office.
Advanta beats back appeal in contaminated seeds class action
Advanta Seeds has won an appeal upholding the dismissal of a class action by sorghum farmers over allegedly contaminated seeds, with a court finding that the seed producer’s duty of care was negated by clear disclaimers.
Funder’s $7M cut in Fonterra class action up in the air amid CFO uncertainty
A judge has indicated his willingness to approve a $25 million settlement in a class action against dairy co-op Fonterra, but deferred the question of the funder's cut until after the Full Court rules on whether the court has the power to make a common fund order at settlement.
In Jaguar Land Rover class action contest, ‘innovative’ funding model challenged
A law firm has questioned an “innovative” funding model proposed by its rival in a contest to run a class action against Jaguar Land Rover over allegedly defective diesel filters in its vehicles.