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Biologics company Cryosite has denied claims by the ACCC that it engaged in cartel conduct by referring customers to Cell Care before their asset sale agreement was completed, saying the two were not competitors.
Sirtex buyout sparks insolvency fears by class action
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Concerns that the proposed acquisition of Sirtex Medical by a Chinese private equity firm would leave the company with insufficient funds to cover a settlement or judgement in a class action were eased Wednesday, after a barrister said the takeover would leave the company with just under $1 billion in assets.
Inhibox maker used Allergan’s Botox trade mark for comparison’s sake, court hears
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The company that manufactures Botox alternatives has denied infringing on Allergan’s Botox trade mark, telling a court Wednesday its use of the word was for comparative purposes only.
Adcock Private Equity wins $1M judgment against ex-Aussie Home Loans boss
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Private equity firm Adcock has won almost $1 million in a judgment against the former boss of Aussie Home Loans, Stephen Porges, who was found to have misled the firm over the profitability of shares in a digital commerce startup he wanted to offload.
Commonwealth turns to Big Six firm for toxic foam class action defence
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Facing the possibility of more class actions related its use of allegedly toxic firefighting foam at military bases throughout Australia, the Commonwealth has turned to one of the country’s largest firms for its defence in the two most recently filed cases.
Aldi offered $150,000 to settle MoroccanOil dispute
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Discount supermarket chain Aldi offered $150,000 to end a lawsuit brought by the maker of the popular MoroccanOil line of hair products, a court judgment revealed Tuesday.
ObjectiVision wraps up IP trial against University of Sydney
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Ophthalmic diagnostic device manufacturer ObjectiVision has made its final pitch to the Federal Court at the end of trial in a long-running intellectual property and contract dispute with the University of Sydney, saying in closing submissions that the school had run a “curious” case.
Seafolly, Seko lay down swords in suit over shipping agreement
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Aussie swimwear company Seafolly Pty Ltd and global logistics company Seko have agreed to settle their dispute over a shipping agreement that went south.
‘Poisonous relationship’ sends $2.5M Shark Tank winners to court
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The two directors of biodegradable coffee pod startup iCapsulate have been ordered into mediation to try to resolve a feud over whether to liquidate the company, a year after it was offered $2.5 million by an investor on reality TV show Shark Tank.
Microsoft wins $2.8M judgment for violations of Windows IP
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Microsoft has won a $2.8 million judgment against a Melbourne computer retailer for violating the intellectual property for its Windows 7 software.