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A catfight has broken out between construction equipment and workwear maker Caterpillar and sneaker giant Puma, with Caterpillar arguing Puma’s ‘procat’ trade mark is deceptively similar to its ‘cat’ marks.
Online drug supplier Peptides Clinic hit with $10M fine for advertising breaches
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A judge has slapped a $10 million fine on online supplement company Peptide Clinics for advertising prescription-only drugs in breach of the Therapeutic Goods Act.
Arrium directors in firing line after three-year investigation into $4B collapse
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Insolvency firm Kordamentha has filed proceedings against ten former directors of the Arrium Group, accusing them of breaching of their duties to prevent insolvent trading after the steel giant collapsed with almost $4 billion in debt.
$43.2M lease demand slashed after judge finds Dexus unreasonable
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A judge overseeing a lease dispute in relation to a Brisbane CBD office tower has slashed a $43.2 million statutory demand against construction company Grocon by more than two thirds, finding property management firm Dexus was unreasonable to demand payment just two business days after issuing its invoices.
Pitcher Partners can’t escape $5.6M judgment over concealed accounting botch job
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Pitcher Partners has lost it challenge to a ruling socking it with a $5.6 million bill for an accounting error concealed from client Neville’s Bus Service, with an appeals court saying there was a “clear and principled basis” to require the accounting firm to pay the sum awarded for loss and damage to the transport company.
APRA calls for changes to executive pay to curb misconduct
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Certain executives of Australian companies might have to wait seven years to have their bonuses paid out under proposed changes to executive remuneration introduced by the Australian Prudential Regulation Authority designed to limit the risk of misconduct and align executive pay with long-term performance.
ASIC takes shipbuilder Austal to court over legal privilege claims amid probe
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Defence shipbuilder Austal faces legal action by the corporate regulator challenging claims of privilege over documents sought as part of a probe into disclosures linked to cost overruns on the company’s $4 billion US Navy ship-building program.
Judge urges Grant Thornton to consider Chinese wall in KPMG class action settlement
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The settlement of the Discovery Metals investor class action against KPMG has experienced another setback, after scheme administrator Grant Thornton flagged a potential conflict of interest in acting as a costs contradictor over Piper Alderman’s controversial $3.5 million legal bill.
Judge takes lighter load, gets mentoring after panning by appeals courts
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A judge who this month faced strong criticism from an appeals court for his “egregious” conduct in a case, has stepped down from senior administrative roles on the Federal Circuit Court and will receive mentoring, the court confirmed Monday.
Mylan fires another shot at Cipla in generic Lipidil battle
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Mylan has launched a lawsuit against Cipla for allegedly copying the get-up of its blockbuster cholesterol drug Lipidil, after losing a bid to block Cipla and Sun Pharma from selling generic versions of the drug while it appeals a ruling invalidating several claims of its patents.