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Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.
Mastec wins docs in wheelie bin design copying case
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Mobile garbage bin manufacturer Mastec Australia can access documents from a group of city councils and waste management firms to calculate damage it suffered from rival Trident Plastics unlawful copying of its wheelie bin design.
EGR hit with $6M fine for exclusive dealing
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The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.
Westpac class action funder agrees to net commission
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The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case.
Delay in publishing IP judgment creates ‘unsatisfactory state of affairs’, judge says
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A Melbourne computer retailer that plans to appeal a $2.8 million fine for allegedly violating Microsoft’s Windows 7 IP has won a stay of the court’s order, with a judge finding the court’s delay in publishing reasons for judgment created an “unsatisfactory state of affairs”.
Judge shoots down Sirtex bid for class closure order
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A judge has rejected an application by biotech company Sirtex Medical to limit a class action to shareholders who register as group members in the next month, saying a class-closure order could dramatically cut down on the size of the class.
AGM denied anti-suit injunction to block ASIC case
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A judge has shot down a request by financial services company AGM that the court halt an ASIC proceeding seeking to revoke its financial services licence while a Federal Court case against it progresses.
Equifax to pay $3.5M for ‘disgraceful’ conduct
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A judge has signed off on a $3.5 million settlement in a case brought by the consumer watchdog against Equifax Australia, with the credit reporting company admitting it made misleading claims in selling paid credit packages to vulnerable consumers.
Telemarketer fined $285k for ignoring ‘Do Not Call’ list
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A telemarketer that generates leads for other businesses has been hit with a $285,600 fine for failing to check the Do Not Call Register before picking up the phone.
NAB hit with class action over ‘worthless’ credit card insurance
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Slater and Gordon has filed the first class action over “worthless” credit card insurance, alleging National Australia Bank violated consumer protection laws when it sold the insurance to customers who were not eligible to bring a claim under the plans’ terms and conditions.