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Energy drink giant Monster Energy has dropped its challenge to a ruling allowing alcoholic spirits wholesaler Fernbrew to trade mark the term ‘Real Beast’ for alcoholic beverages.
GetSwift judge had power to stay competing class actions, Full Court rules
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The Full Federal Court has dismissed a challenge to a ruling that chose one of three shareholder class actions to proceed against GetSwift, saying the court had the power to permanently stay competing cases. But an injunction blocking the losing law firms from communicating with clients was going too far, it said.
Barry Plant hit with $720,000 fine for duping house hunters with low display prices
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Real estate agency Barry Plant has been hit with a $720,000 fine after admitting it breached the consumer laws by underquoting the likely selling price of 20 properties listed online.
Freight cos. slam ACCC’s collusion case over rail deal at start of trial
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Pacific National would not misuse its market power after taking control of an important rail terminal in Brisbane because that would be “irrational”, the Federal Court heard Monday at the start of a two-week trial in the competition watchdog’s case alleging the rail giant colluded with competitor Aurizon to become the dominant operator of key freight corridors.
Accountant lied to conceal Centaur Ponzi scheme, court hears
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The accountant and best friend of fraudster Scott Williams “prevaricated and lied” to hide his knowledge of the Centaur Litigation Ponzi scheme that misappropriated $32 million and led to the collapse of the litigation funder, a court has heard.
ASIC bans AGM Markets director for 8 years
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ASIC has banned the former director of AGM Markets from serving as a director for eight years, a few weeks after revoking the OTC derivative issuer’s financial services licence.
GetSwift ruling to offer roadmap for competing class actions
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A groundbreaking judgment by the Full Federal Court over competing class actions will be handed down Tuesday morning and is expected to give judges much needed guidance on how to move forward when confronted, as they increasingly are, with multiple proceedings over the same alleged misconduct.
Ex-Tennis Australia boss Harold Mitchell sued over Open deal
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The Australian Securities and Investments Commission has sued businessman Harold Mitchell for allegedly passing confidential information onto Seven Network while serving as a director at Tennis Australia in order to help the network win broadcast rights to the Australian Open.
Foodora ordered to pay rider $15,600 in landmark unfair dismissal case
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A Foodora delivery rider has won $15,600 in an unfair dismissal case hailed as a test case for the gig economy, with the Fair Work Commission finding the rider was an employee, not an independent contractor of the failed company.
Federal Court gets $10M boost to handle Royal Commission caseload
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The government has boosted the budgets of the CDPP and the Federal Court by $51 million in advance of an expected increase in criminal and civil enforcement actions resulting from the Banking Royal Commission.