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Customers of wealth manager Colonial First State were $10 million to $12 million better off without a litigation funder in a class action over the slow transfer of accounts to low cost MySuper funds, a judge has found.
UFG to pay $5M for misleading gym franchisees about ‘near valueless’ businesses
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The company behind the Ultimate Fighting Championship gym franchise has been ordered to pay $5 million to three franchisees after a judge found it misled them about businesses which were “near valueless” and unlikely to make profit.
Ex-commando slams ABC’s ‘nonsensical’ argument against damages in defamation case
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Former Army major Heston Russell has panned the ABC’s argument that it is not liable to pay damages in his defamation case because he identified himself and was given an opportunity to respond to stories that suggested he was involved in murdering an Afghan prisoner.
Block’s mobile payment method not patentable, says IP Australia
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IP Australia has rejected an application by US technology company Block to patent a mobile payment method, saying it does not describe a manner of manufacture — the threshold requirement tripping up many claimed computer-implemented inventions.
In decades-long fight over coal seam gas fields, Tri-Star loses referee bid
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Texas oil giant Tri-Star has lost its bid for a referral in a dispute with natural gas exporter Australia Pacific LNG over several coal seam gas fields in Queensland and $7.6 billion in share acquisitions.
Are the courts really plagued by duplicative class actions?
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A fed-up judge has vented his frustration with the problem of competing class actions in a move that appears to punish the second filed case against Medibank. But is he right that the courts are increasingly being asked to deal with duplicative proceedings? And was his order really all that drastic?
PFAS class action settles for $132.7M on eve of trial
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One of the two remaining class actions against the Department of Defence over the use of alleged toxic firefighting foam at military bases across the country has settled for $132.7 million on the eve of trial, with the final case going back to mediation.
Tributes pour in for ‘giant of the Australian Bar’ David Jackson
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The legal profession is mourning the death of long-serving barrister and former Federal Court judge David Jackson KC, hailed as a “giant of the Australian Bar”.
More law firms ready class actions over Downer’s $40M earnings overstatement
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More class action law firms have pounced on Downer EDI’s “accounting irregularities” that led to the company overstating profits by up to $40 million.
Directed Electronics wins $3.27M in Hanhwa trade secrets case, with damages still to come
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Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.