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A federal court judge has found that a bovine gene patent held by Cargill Inc. is invalid, but said the American agriculture giant could beef up the patent claims in response to his ruling.
5 companies now face Takata airbag class actions
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Five automakers have reportedly now been sued by law firm Quinn Emanuel over defective Takata airbags.
ACCC sues Optus for pressuring customers to move to NBN
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Optus has been sued for allegedly pressuring customers to move to the National Broadband Network before they needed to make the switch.
Tabcorp’s $11B merger with Tatts gets thumbs up, again
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The Australian Competition Tribunal has for a second time signed off on Tabcorp’s $11 billion merger with lotto giant Tatts, a deal the competition regulator fought hard to stop.
BrisConnections settles $2.2B case over collapse
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BrisConnections’ receiver PPB Advisory has settled its $2.2 billion lawsuit against engineering consultant Arup, a court was told Monday.
ACCC gets second bite in Apple case
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A judge has given the Australian Competition and Consumer Commission a chance to amend its case against Apple alleging iPhone and iPad users were misled about their rights to have faulty devices repaired free of charge.
Toyota faces first Takata airbag class action in Australia
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Toyota has become the first car manufacturer to be hit with a class action in Australia over faulty Takata airbags, Quinn Emanuel said Monday, and six other automakers are next.
Medibank ‘disappointed’ that ACCC is appealing case, CEO says
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Medibank CEO Craig Drummond said Monday the private health insurer was “disappointed” that the ACCC was appealing its loss in a consumer case accusing the insurer of unconscionable conduct in advising members about coverage limits.
ACCC to get tougher on contracts that hurt small biz, lawyers warn
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It warned offenders, and then it won its first case. Now with the one-year anniversary of laws protecting small businesses from unfair contracts ticking over, expect the consumer regulator to take no prisoners, lawyers say.
Judge OKs $100M in rate-rigging settlements
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A Federal Court judge on Friday signed off on $100 million in settlements between Australia’s securities regulator and National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. for attempting to manipulate the market for the bank bill swap reference rate.