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The independence of a report by law firm Clayton Utz to ASIC over AMP’s practice of charging customers for services not performed was called into question Tuesday at the Hayne Royal Commission.
Judge won’t block ex-SAI Global exec from going to rival company
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A judge has rejected a bid by information services company SAI Global Property to temporarily ban a former sales manager from working for a direct competitor, saying the executive could not have realistically remembered SAI’s list of thousands of clients.
Commonwealth Bank to pay $3 million over fees for no service
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Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for the service, adding to the $88 million they have already paid out to 31,500 affected customers.
BHP wins halt of FWC’s alternative-work decision
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A BHP subsidiary has won a reprieve pending appeal of a Fair Work Commission decision that found it acted unreasonably when it failed to consider alternative work for an incapacitated miner.
Lexapro maker squares off with generics in latest IP battle
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The maker of the anti-depressant Lexapro faced off Monday against Apotex, Aspen Pharma and Sandoz at a court hearing over the rights to make generic versions of the top-selling product, with a barrister for Lundbeck slamming the three companies’ defence that their drugs were different.
Ethicon plaintiffs win post-trial bid to expand class
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The applicants in a class action against Johnson & Johnson over allegedly defective vaginal mesh products have won court approval to expand the size of the class and seek an order blocking the sale of devices that don’t include a proper warning.
Quinn Emanuel looking at class action against insurer JLT
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Global insurer Jardine Lloyd Thompson could be hit with a class action over allegations that local councils across Australia paid excessive premiums for its advice.
White King maker fined $700,000 over ‘flushable’ wipes
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Consumer goods maker Pental Ltd will pay $700,000 in penalties after admitting it misled customers about its ‘flushable’ White King toilet and bathroom cleaner wipes.
Thermomix fined $4.6M for keeping lid on mixer burn danger
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Kitchen appliance company Thermomix has been hit with a $4.6 million penalty for failing to warn customers of the risk of serious burns associated with its high-end mixer.
At S&P class action trial, city treasurer accused of being ‘careless’
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A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.