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CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company.
Hytera can’t dodge ‘substantial industrial theft’ finding in Motorola case
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An appeals court has rejected Chinese radio manufacturer Hytera’s challenge to a finding it misappropriated the source code of US mobile phone giant Motorola.
Barrister who accepted briefs for appearances on same day referred to watchdog
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The conduct of an unprepared barrister who attended the first day of an eight-day hearing without reading the full brief has been referred to the Legal Services Commissioner.
ASIC claims crypto firm Binance denied protections to derivatives investors
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Crypto firm Binance deprived hundreds of customers of consumer protections by misclassifying them as wholesale clients and allowing them to buy risky derivatives, ASIC says.
Melbourne law firm argues 700 clients can’t sue for negligence in class action
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A law firm facing a representative proceeding for allegedly giving negligent advice to 700 survivors of institutional child sexual abuse is seeking to strip the case of class action status.
Aldi infringed copyright of Little Bellies fruit snacks, court finds
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A court has ruled in favour of the creators of Little Bellies fruit puffs, finding that Aldi’s Mamia Baby Puffs were a “flagrant” breach of their copyright.
Slashing funder’s stolen wages cut could deter public interest cases, court told
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Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.
Lawyers for Banksia class action funder face possible court action
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The firm that represented the funder of the notorious Banksia class action faces potential proceedings by a group of debenture holders. Meanwhile, Banksia’s receiver wants a court direction that he is justified in not pursuing the lawyers.
Law firm files first class action over Google’s ad tech dominance
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One law firm has beaten two others to court in pursuing Google for allegedly abusing its dominance in online advertising.
Japanese conglomerate signs on for $830M Mirvac housing development
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Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.