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A judge will appoint an independent barrister to examine Westpac’s recent $35 million settlement with the corporate regulator, saying it wasn’t clear if the bank had breached responsible lending laws as alleged.
ABC, Fairfax to fight dismissal of truth defence in Chau Chak Wing defamation suit
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The ABC and Fairfax Media are appealing a ruling tossing their truth defence in a case brought by Chinese billionaire and philanthropist Dr Chau Chak Wing.
Gamer settles Take-Two lawsuit over Grand Theft Auto copyright
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A gamer has admitted he violated the copyright for Take-Two Interactive’s popular Grand Theft Auto video game by making unauthorised changes to the game that allowed him to manipulate the actions of other online players without their consent.
AFP brings foreign bribery charges
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A Sydney executive of a company specialising in trading rock phosphate has been charged with conspiring to bribe foreign officials in Nauru.
ASIC sues ANZ over $2.5B share placement
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ASIC has filed a lawsuit against ANZ alleging it breached its continuous disclosure obligations in relation to a $2.5 billion institutional share placement, which is also at the centre of a criminal cartel case against the bank.
Shareholders to contest Bellamy’s cost-capping bid in class actions
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A sought-after court order by organic baby food maker Bellamy’s to limit legal costs in two class actions won’t come without a fight, a barrister for the shareholders said Friday.
QRxPharma defendants can access class members’ broker details
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The defendants in a shareholder class action over QRxPharma’s alleged failure to disclose problems with regulatory approval for its painkiller Moxduo have won access to information on class members’ financial brokers.
Funders react to ASIC’s thumbs down on licensing
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The corporate watchdog’s dim view of proposals to regulate litigation funders got a mixed reaction from big players in the industry Thursday, with its position supported by foreign funders but frowned on by at least one home-grown firm.
Aristocrat patent appeal hinges on Rokt, Encompass outcomes
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A Federal Court judge has put an appeal by Aristocrat of an IP Australia ruling that revoked four of its gaming patents on hold pending the outcomes of two highly anticipated cases over the patentability of computer software.
Mars melts Kraft’s patent for heat-resistant chocolate
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Confectionery giant Mars has successfully opposed an application by Kraft Foods for an Australian patent for chocolate that doesn’t melt in the summer months.