Citigroup has agreed to refund $3 million to 114 customers that suffered losses stemming from investments in complex financial products, after ASIC raised concerns that some of the customers may have thought they were getting personal rather than general advice.
Generic drug maker Sandoz has secured a retroactive licence to manufacture a cheaper version of top-selling antidepressant Lexapro, the drug at the heart of a long-running patent infringement battle with pharmaceutical giant Lundbeck.
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 has dragged fantasy sports gambling company PlayUp to court for allegedly infringing its ‘Best Bets’ trade marks.
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.
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.
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.
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the use of toxic foam on a RAAF base near Katherine, NT after a barrister for the lead applicants said the bid would be withdrawn if the judge appointed an independent “contradictor” to scrutinise the proposed funding structure.
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”.
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.
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