Please login to bookmark Close
Litigation funder JustKapital went on the attack in court on Wednesday, saying Westpac’s objections to the terms of a proposed funding order in a class action against the bank were dangerously suspect.
ASIC takes AMP to court over insurance policy churn
Please login to bookmark Close
AMP’s financial planning unit was hit Wednesday with an enforcement action by the corporate regulator alleging its planners generated extra commissions by replacing, rather than transferring, life insurance policies for existing clients.
Carlisle Homes loses injunction bid in copyright case
Please login to bookmark Close
A judge had denied home builder Carlisle Homes’ bid for a temporary injunction in a case alleging rival home builder Resimax violated its copyright for residential homes designs, instead ordering that the case move swiftly to trial.
Ex-Kimberley Diamonds exec acquitted in ASIC case
Please login to bookmark Close
The former head of Australian mining company Kimberley Diamonds has been acquitted of charges that he signed off on market statements that assumed luxury retailer Tiffany & Co would pay higher prices for the company’s rare yellow diamonds.
AirNZ hit with $15M fine for cartel conduct
Please login to bookmark Close
International airline Air New Zealand has been hit with a $15 million penalty for participating in a global air cargo cartel to fix the price of fuel, insurance and security surcharges.
Deep Investments case barrels towards Full Court
Please login to bookmark Close
Respondents involved in a case brought by investment adviser Deep Investments over alleged share trading losses, including a solicitor who was sued for allegedly failing to inform the company of exchanges with ASIC about a potentially deceptive employee, are appealing a decision to allow the case to continue.
ACCC loses appeal in LG faulty television case
Please login to bookmark Close
The Full Federal Court has upheld most of a ruling that found LG did not engage in misleading or deceptive conduct by failing to inform purchasers of faulty televisions of the remedies available to them under the Australian Consumer Law.
Herbert Smith Freehills wins case over United’s failed IPO
Please login to bookmark Close
Herbert Smith Freehills has prevailed in a suit by United Petroleum alleging the law firm and former United chairman Martin Hudson breached their duties to the company when they pulled a planned initial public offering in 2016.
Lawsuit claims Gould Gallery sold unverified Arkley painting
Please login to bookmark Close
An Australian art gallery and its owner have been sued for allegedly failing to verify the authenticity of a Howard Arkley painting purchased for $205,000.
Optus wins appeal of trade mark deregistration
Please login to bookmark Close
Optus can hang on to its Optus trade mark for marketing and advertising services, after successfully challenging a ruling that the mark should be deregistered for non-use in those areas.