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Real estate company Oliver Hume is facing three lawsuits from overseas investors seeking to get back the $12 million they invested in a mortgage fund that provided funding to property developers.
Judge hits AMP with $5.2M penalty, says greedy financial adviser was ‘in the right place’
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The Federal Court has imposed a penalty of almost $5.2 million on AMP Financial Planning after finding it was “reckless” in its “lamentable failure” to properly respond to a now banned adviser who was churning life insurance for higher commissions.
Treasury Wine Estates faces another class action investigation
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Maurice Blackburn has become the second law firm to consider a shareholder class action against Treasury Wine Estates over a recent earnings downgrade.
Vocus class action to seek first common fund order since High Court ruling
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The funder behind the recently resolved shareholder class action against teleco Vocus will ask a judge to make a common fund order at a hearing to approve a $35 million settlement of the case, the first common fund order since the High Court appeared to put the kibosh on them.
Hewlett-Packard could not cap commissions at ‘whim’, owes ex-sales rep $370,000, court says
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IT giant Hewlett-Packard Australia has been ordered to pay over $370,000 in unpaid commissions to a former sales executive after a court found the company could not change its incentives “arbitrarily, capriciously or unreasonably”.
Class action alleges 7-Eleven made franchisees use Metcash-owned vendor
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A class action brought against 7-Eleven claims the convenience store chain ordered franchisees to purchase goods from supplier C-Store so that 7-Eleven could meet its obligation under a contract with the Metcash-owned supplier.
Dutch coffee giant pours hot water on K-fee’s patent for espresso capsule
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The Dutch coffee company behind the popular Moccona brand has successfully opposed a coffee capsule patent sought by coffee machine maker K-fee.
Judge tosses Vagisil maker’s challenge to European rival’s trade mark
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The international company behind the Vagisil feminine hygiene brand has lost its bid to stop a European competitor from registering Vagisan as a trade mark in Australia.
ASIC did nothing about Dover’s client protection policy for over a year, court told
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The Australian Securities and Investments Commission formed the view that Dover Financial’s “Orwellian” client protection policy was misleading in 2016 but did not raise its concerns with the now defunct firm until 2018, a court has heard.
Visy ordered to pay $1.6M to bubble wrap maker over licence for Chobani spoons
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The company behind the ubiquitous bubble wrap has won a consumer case against Visy Packaging, with the Federal Court awarding almost $3 million in damages after finding a spoon-lid combination supplied to yoghurt maker Chobani breached an exclusive licence agreement.