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A serviced apartments provider wants to appeal a ruling that blocked it from trade marking the phrase “Waldorf Apartment” after Hilton Worldwide — which owns New York’s iconic Waldorf Astoria hotel – opposed the move.
CBA’s $25M rate-rigging settlement gets court OK
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The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
Toys ‘R’ Us to close after administrators fail to find buyer
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Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
Popular baby wash maker fined over “organic” claims
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A popular maker of baby skin products has been fined by the ACCC for claiming its products are organic even though they contain synthetic chemicals.
#MeToo inspires workplace sexual harassment inquiry
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The Australian Human Rights Commission has launched a 12-month investigation into workplace sexual harassment, the first of its kind birthed from the growing #MeToo movement.
CBA’s $700M AUSTRAC settlement gets court OK
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A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.
Food delivery startup loses bid to patent ordering method
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A startup that provides company-branded mobile ordering services for the hospitality industry has lost a bid to patent a method for placing orders at a restaurant.
Trustee settles class action over LKM Capital collapse
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The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.
Alinta Energy to refund customers over misleading ads
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Alinta Energy has agreed to compensate consumers after making misleading comparisons to competitors’ electricity rates in its advertisements.
Rio Tinto wins ok for mining patent on appeal
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Rio Tinto subsidiary Technological Resources has won its appeal of an IP Australia ruling that rejected its mining patent after a challenge by the Commonwealth Scientific Industrial Research Organisation.