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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.
Maker of iconic French press sues to block copycat device
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Bodum, maker of the popular glass French press coffee maker, has sued an Australian company for allegedly copying the design and getup of its iconic device, on the heels of winning a $4 million judgment in the US over a copycat device.
Native title challenge to Adani’s Carmichael mine not over
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A native title challenge to Adani Mining’s controversial $16 billion development of the Carmichael coal mine in Queensland has been revived, with a group of Indigenous Australians appealing a ruling that tossed their case.
Meriton drops appeal of $3M fine for rigging TripAdvisor reviews
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Meriton has withdrawn its appeal of a ruling that fined the property manager $3 million for manipulating bad reviews on TripAdvisor.