Financial Services
Macquarie admits failures over Keystone, vows to repay investors
Super trustee Macquarie Investment Management has admitted it failed to act efficiently, honestly and fairly after thousands of members invested $321 million in a Keystone fund under investigation for misusing funds.
Intellectual Property
Abbey in ‘pyrrhic victory’ against Virbac over antiparasitic drug patent
Abbey Animal Health has managed only a “pyrrhic victory" in a patent case against rival Virbac over an antiparasitic drug, and must withdraw its Levamox Duo product from the market, a court has found.
Competition & Consumer Protection
Optus fined $100M for ‘appalling’ sales tactics
A judge has ordered embattled Optus to pay a $100 million penalty for “appalling” contraventions, after the telco admitted staff pressured customers into buying phones they couldn't afford.
Class Actions
Seven Network faces underpayments class action investigation
Media giant Seven Network is facing a class action investigation into possible underpayments, including the alleged failure to pay rest breaks and overtime.
Employment
ABC hit with $150K penalty for Antoinette Lattouf’s unfair dismissal
A judge has ordered the Australian Broadcasting Corporation to pay $150,000 for unfairly dismissing presenter Antoinette Lattouf because of her opposition to the Israeli military campaign in Gaza.
Telecommunications
Optus appoints Kerry Schott to investigate Triple Zero failure
Optus has appointed former Sydney Water CEO and NBN Co director Kerry Schott to investigate a 13-hour Triple Zero outage linked to three deaths.
Employment
Super Retail Group settles whistleblowers’ bullying cases
Rebel Sport owner Super Retail Group has reached a settlement in a lawsuit by two former employees, just days after the retailer sacked its CEO.
Intellectual Property
Fanatics takes trade mark spat with AFL merch maker to High Court
Sports merchandise company Fanatics is going another round in its trade mark fight with AFL apparel maker FanFirm, urging the High Court to give guidance on the defence of honest concurrent use.
Employment
Uber found to owe lost pay to deactivated driver
In a landmark decision, the Full Bench of the Fair Work Commission has awarded lost pay to an Uber driver who was unfairly deactivated from the ridesharing app for two months following a false complaint by passengers who assaulted him.
Employment
FWO accuses CFMEU officials of threatening Indigenous labour hire firm
The FWO has taken the CFMEU and two officials to court for allegedly threatening to ban an Indigenous work hire company from working on Melbourne construction projects and making unlawful representations about CPB Contractors' $761 million contract for the Monash Freeway upgrade.
