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Wholesale retailer Costco has paid a penalty of $33,000 to the consumer watchdog after being caught out for labelling imported lobster as locally sourced.
Administrator can’t claw back security for costs in case by failed company
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A judge has rejected a bid by the administrator of a collapsed company to claw back a payment of security for costs made in earlier litigation, which he found did not give rise to a relevant security interest.
Judge mulls order to block rival IG Markets class action from filing in Victoria
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A Federal Court judge overseeing a class action against IG Markets over risky financial products has questioned whether courts should take a “more robust” approach to avoid the “nonsense” of competing class actions, amid the threat of a second class action being filed in the Supreme Court of Victoria.
PwC partner wins court order barring forced departure amid leaks crisis
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A PricewaterhouseCoopers partner who is suing the accounting firm for giving him the boot over a tax leaks scandal has won an interim injunction restraining the board of partners from forcing him to leave before his case is heard.
NAB event planner Helen Rosamond sentenced to 15 years for $19M fraud
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Former director of event management company the Human Group, Helen Rosamond, has been sentenced to a 15-year aggregate term of imprisonment for defrauding NAB of $19 million, and will have to serve eight years of the sentence behind bars.
Federal Court rejects ToolGen’s genome editing patent
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A judge has upheld findings from IP Australia that South Korean biotech ToolGen’s genome editing technology CRISPR is not patentable, but given the company one more chance to seek to amend its application.
Insurer Vero dragged into class action over combustible cladding
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A judge has ruled insurer Vero can be added to a class action over allegedly combustible cladding, finding removal of the cladding could be considered “property damage” under the wording of an insurance contract with cladding manufacturer Fairview.
Top Robodebt bureaucrat suspended in wake of withering report
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A senior public servant behind the Robodebt fiasco is one of the first heads to roll following the findings of a royal commission into the illegal debt recovery scheme devised by the previous federal government to claw back welfare overpayments.
ACCC flags concerns with Coles acquisition of Saputo dairy plants
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The ACCC has raised concerns about Coles plans to acquire milk processing plants from Saputo, with the regulator saying the transaction — marking the first time a supermarket chain has ventured into the processing market — would be a “major structural change”.
ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
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The proposed $1.5 billion merger of Australian Clinical Labs and Healius — two of Australia’s largest pathology services providers — is likely to substantially lessen competition, the ACCC has warned.