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ANZ has reached an in-principle settlement in two class actions alleging it breached its responsible lending obligations by providing loans to purchasers of 7-Eleven franchises that were not financially viable.
Racing Victoria sues fantasy sports betting co. PlayUp over ‘Best Bets’ trade marks
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Racing Victoria has dragged fantasy sports gambling company PlayUp to court for allegedly infringing its ‘Best Bets’ trade marks.
ACCC, FBI to step up cartel busting cooperation
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The Australian Competition and Consumer Commission and the US Federal Bureau of Investigation have signed an agreement under which the agencies will work more closely to target cartels and other anti-competitive behaviour.
Rugby League stand-down rule ‘draconian’, court hears at Jack de Belin trial
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An Australian Rugby League Commission rule barring St George Illawarra Dragons forward Jack de Belin from taking the field is “draconian” and “unfair”, a court has heard at the beginnig of a three day trial challenging the ‘no-fault’ rule.
Mills Oakley’s fee fight with ex-client back on after court sets aside judgment for law firm
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A battle over unpaid fees by a former Mills Oakley client is not over after a judge found the law firm notifed the company of default judgment against it almost a month before winning the judgment.
Common fund bid in toxic foam class action dismissed after applicant bristles at more scrutiny
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A judge has tossed an application for a common fund order in a class action over the use of toxic foam on a RAAF base near Katherine, NT after a barrister for the lead applicants said the bid would be withdrawn if the judge appointed an independent “contradictor” to scrutinise the proposed funding structure.
IOOF dismisses ‘speculative’ shareholder class action
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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.