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IMF Bentham is considering funding a privacy class action against Facebook for allowing political research firm Cambridge Analytica to harvest information from the Facebook accounts of over 311,000 Australians.
Commonwealth Bank class tries to fix ‘pleading deficiencies’
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The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank’s systems for assessing money laundering and terrorism financing risk were deficient.
ASIC asks Westpac: What happened to Colin ‘the Rat’ Roden?
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The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.
Judge issues mixed ruling in trade mark war between Goodyear, Dunlop
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A judge has issued a mixed ruling in a long-running battle between US tyre giant Goodyear and UK rival Dunlop over trade marks for the words ‘Dunlop’ and ‘Flying D’.
Former CEO sues Bellamy’s in $1.2M share dispute
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The former CEO of organic baby food producer Bellamy’s Australia has sued her old employer over $1.2 million in options allegedly owed as part of a long-term financial incentives scheme.
ACCC says Click Energy misled consumers about discounts
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The ACCC has filed a lawsuit against Click Energy for allegedly misleading consumers about possible discounts on their energy bills.
AMP judge won’t move state class action to Federal Court
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A NSW Supreme Court judge refused Monday to move one of five class actions filed against AMP to Federal Court, and invited law firms for the other four actions to join the case in the state court.
Sportsbet seeks emergency injunction against Crownbet rebrand
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Sportsbet has asked a judge for an emergency order blocking Crownbet’s planned rebranding to “Sportingbet” until the lawsuit it filed over its betting rival’s planned use of the mark has been resolved.
Octaviar investors appeal toss of class action against Queensland’s Public Trustee
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Investors in the failed Gold Coast finance group Octaviar are challenging a decision throwing out their class action, which alleged the Public Trustee of Queensland deserved some of the blame for their massive losses.
ACCC loses coal tender cartel case, but reasons suppressed
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The Australian Competition & Consumer Commission’s high profile case alleging cartel conduct and bid rigging for mining exploration licences in NSW was dismissed by the Federal Court on Friday, but the reasons for dismissal may not be known for another year.