Clive Palmer can’t hide role as funder of discontinued class action against Telstra

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A judge who previously described as a “schemozzle” a law firm’s attempt to drop a class action over Telstra’s COVID-19 vaccine policy has refused a bid to keep secret Clive Palmer’s involvement as funder of the aborted litigation.

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Care A2 Plus denies claims in $200M fight with baby formula distributor Gensco

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Australian infant formula company Care A2 Plus has hit back at a $200 million lawsuit by US business partner Gensco, arguing the distributor did not properly execute the agreement at the heart of the dispute as allegations of phantom companies fly.

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Three-way contest looms to run class action against IG Markets over CFDs

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IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.

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Blue Sky director points finger at EY in shareholder class action

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A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management. 

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Telstra, TPG give up fight over $1.8B network sharing deal

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Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC’s rejection of their proposed regional network sharing agreement.

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Block’s point-of-sale invention not patentable, IP Australia says

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IP Australia has rejected US fintech Block’s bid to patent a method for adjusting animations to enable a large volume of point of sale applications, finding the invention was a mere scheme that did not meet the manner of manufacture test for patentability.

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