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JPMorgan disputed existence of cartel agreement with ANZ, court hears
Despite receiving immunity in a criminal cartel case against ANZ and two other investment banks, JPMorgan has disputed the existence of any cartel agreement since the early days of the ACCC's investigations, a court has heard.
IOOF admits head of research had underlings take his compliance training
IOOF has admitted that some allegations in an employee complaint at the centre of a shareholder class action were "substantially true", including claims that it overstated the performance of its 'Buy Model' investment portfolio and that its head of research instructed subordinates to complete his training courses for him.
Sham contracting class action against Appco close to settling, court told
A 'sham contracting' class action against fundraiser Appco, said to be worth $90 million, could be settled in two weeks, the lawyer for the lead applicant told a judge on Monday.
Coffee capsule maker Caffitaly appeals ruling invalidating three patents
Coffee capsule maker Caffitaly is challenging a ruling that revoked three patents at the centre of an intellectual property war with rival One Collective.
Clive Palmer hit with criminal charges over $12M in transfers
Queensland politician and mining magnate Clive Palmer has been hit with criminal charges for allegedly using his position as director of Minerology to allow $12 million in transfers for unauthorised purposes, including to support his party's political ambitions.
Kogan misled customers with tax promotion, court finds
The Australian Competition and Consumer Commission has succeeded in its case against Kogan, with a judge finding statements the online retailer made during a 2018 promotion were misleading and drew consumers into the company's "marketing web".
Westpac hit with class action over banned car loan scheme
Westpac has been hit with a class action over a "shonky" car loan scheme, in what is the first class to be filed in Victoria Supreme Court following passage of a state law allowing lawyers to earn contingency fees.
Gatto denied jury trial in defamation case against ABC
Underworld figure Mick Gatto has been denied a trial by jury in his defamation proceedings against the ABC, with the judge-only hearing scheduled to start next week.
Mining giant beats back challenge to lost profits claim in dispute over $2.5B WA iron ore mine
A subsidiary of US mining giant Cleveland-Cliffs has fought back a second bid to quash its counterclaim for lost profits in a contractual dispute over the lucrative Koolyanobbing iron ore mine, with the Western Australia Court of Appeal saying the claim was not "clearly untenable" as argued.
COVID-19 contract termination sparks $5M legal row
Technology company Bluechiip has engaged lawyers seeking to recover around $5 million allegedly owed by California-based lab equipment manufacturer Labcon, which tore up a $15.9 million contract in the heart of the COVID-19 pandemic.