AMP’s chairwoman Catherine Brennar has resigned and the firm’s general counsel has left, as the company faces possible criminal charges for misleading the corporate regulator over its decade-long practice of charging undue fees to clients.
Financial software company Encompass Corp., which lost its patent infringement case against technology firm InfoTrack, and lost its patents in the process, should pay just 30% of InfoTrack’s costs, the Federal Court has been told.
AMP could be hit with criminal charges after counsel assisting the Royal Commissioner said Friday evidence before the commission had shown the wealth management firm may have broken the law when it charged fees for no service, lied about the practice to ASIC, and presented a heavily-edited Clayton Utz report to the corporate regulator as independent.
The former CEO of the lead contractor on the Snowy Hydro 2.0 project now facing corruption charges was the target of Australian Federal Police search warrants that were “too broad” to be sufficient, the Federal Court was told on Friday.
Crown Resorts has been censured and hit with a $300,000 fine by the Victorian Commission for Gambling and Liquor Regulation after an investigation found Crown staff altered online gaming machines without the regulator’s permission.
German optical device manufacturer Carl Zeiss has sued C.R. Surfacing Laboratories for allegedly violating one of its lens patents.
The former directors of defunct financial advisory firm Storm Financial have filed an appeal after the Federal Court slapped them each with a $70,000 fine and banned them from managing corporations for seven years.
The Full Federal Court has dismissed Nationwide News’ application for leave to appeal Justice Michael Wigney’s March judgment in the hotly contested Geoffrey Rush defamation case that shot down the publisher’s truth defense.
Unions are calling for the Fair Work Commission to be given the authority to arbitrate industrial disputes and become a “one-stop shop” for workplace grievances.
A Federal Court judge has ordered Telstra, Optus, Vocus and TPG to block 16 online sites for pirated content.
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