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Wealth manager IOOF has dismissed a shareholder class action lawsuit related to allegations of misconduct aired at the Banking Royal Commission, calling it “speculative and unfounded”.
IPH-Xenith merger creates IP services giant
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Australia’s largest intellectual property services firm IPH will maintain its dominance after winning a takeover battle for Xenith IP, a deal that will create a formidable IP services giant with over 1,000 employees across Asia Pacific.
RCR Tomlinson class actions will fight to stay alive
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Two class actions against collapsed engineering firm RCR Tomlinson may be dismissed earlier than expected unless the Supreme Court allows them proceed against a liquidator who has said the failed company is strapped of funds.
ACCC accuses iSelect of misleading customers over cheapest energy plans
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The Australian Competition and Consumer Commission has filed Federal Court proceedings against comparison website iSelect for allegedly favouring energy plans offered by preferred retail partners over other, cheaper alternatives.
Judge shoots down Mylan bid for generic Lipidil injunction
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A judge has denied Mylan’s bid to temporarily block Sun Pharma and Cipla from making generic versions of anti-cholesterol drug Lipidil while it appeals a ruling invalidating several claims of its patents for the drug, citing the “difficulty, complexity and uncertainty” in assessing compensation under an undertaking as to damages in pharmaceutical patent proceedings.
Deloitte can’t escape class action claims over failure of Dick Smith
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Accounting giant Deloitte has failed in its bid to strike out claims made in two shareholder class actions alleging it was careless in auditing the financial statements of electronics retailer Dick Smith ahead of its collapse in 2016.
Catch Group settles dispute with Kogan over ‘catch’ AdWords
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E-retail giant Catch Group has settled a lawsuit against Kogan for alleging violating its “catch” trade marks and the consumer law through sponsored links on Google driven by phrases using the word “catch”.
QANTM waves white flag in Xenith takeover fight
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IP services company QANTM has signaled the end to a bidding war to acquire rival Xenith IP, saying it will not match the terms of the latest offer lodged by fellow IP services provider IPH that would see it acquire Xenith outright.
Geoffrey Rush wins defamation case against Daily Telegraph publisher
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Actor Geoffrey Rush has been awarded at least $850,000 in damages after taking Nationwide News to court alleging it defamed him by tainting him as a sexual predator, with the judge calling the publisher’s conduct “improper and unjustified”.
IAG hit with class action over add-on insurance
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Insurance Australia Limited is facing a class action alleging it engaged in misleading and deceptive conduct by pushing worthless add-on insurance onto individuals purchasing motor vehicles through authorised dealers.