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AMP executives are the focus of the Australian Securities and Investments Commission’s investigation of the wealth management firm’s fees for no service scandal, a court heard Friday.
Acciona mulls settlement with NSW Government in light rail dispute
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Acciona Infrastructure and Transport for NSW are currently in settlement talks over a $1.2 billion dispute around the NSW government’s ongoing light rail project in Sydney.
AMP contractor pleads guilty to stealing customer data
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A contractor for wealth manager AMP who was arrested while trying to flee the country has pleaded guilty to stealing customer data.
Wyeth defends validity of patents in trial over best-selling Prevnar 13 vaccine
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Pharmaceutical giant Wyeth has shot down arguments by rival Merck Sharp & Dohme that its Prevnar 13 vaccine lacked inventiveness, saying during the closing submissions of a high-stakes patent trial that up until it developed the top-selling shot scientists thought there was a “ceiling” of 11 types of pneumococcal bacteria that could be included in a single vaccine.
Court overturns $2.8M Microsoft IP judgment against computer retailer
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A Melbourne computer retailer has won its appeal of a $2.8 million damages award for allegedly violating Microsoft’s Windows 7 IP, with a judge overturning the ruling by Justice Alexander ‘Sandy’ Street and ordering a rehearing before a new judge.
Judge tosses ‘fanciful’ St. Patrick’s Day bushfire class action
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A judge has dismissed a class action against Powercor over a bushfire in the Gazette area of South West Victoria on St. Patrick’s Day 2018, calling the allegations “fanciful”.
‘Likely’ GetSwift class action settlement should not be delayed by High Court appeal, judge says
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A judge won’t defer the opt-out notice in a shareholder class action against GetSwift pending the High Court’s decision on a special leave application to revive a competing class action, saying the sooner the case settles the better.
Food franchisors to face ACCC scrutiny
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Café, restaurant and take away food services franchisors, which have faced criticism and litigation for allegedly misleading franchisees, will now face heightened scrutiny from the Australian Competition and Consumer Commission.
ASIC challenge to Westpac personal advice ruling likely
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The Australian Securities and Investments Commission will likely appeal a ruling that two Westpac units did not provide personal financial advice as part of a campaign encouraging customers to roll over external superannuation accounts.
Coles manager who harassed staff with Facebook friend requests not unfairly fired, FWC says
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A Coles manager who sexually harassed and bullied young female employees by touching them and asking them to friend him on Facebook was fired by the supermarket giant for a valid reason, the workplace umpire has found.