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Citigroup has settled a lawsuit alleging it gave a customer conflicted financial advice to invest most of her savings in “risky” products, despite her being an inexperienced investor with limited funds.
Claims pared in class action over sinking Sydney homes
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Sydney homeowners bringing a class action over homes they claim are sinking into the ground won’t be able to recoup alleged losses from the engineering company that certified the lots for development.
Ex-Bellamy’s director Jan Cameron drops capital gains tax challenge
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Jan Cameron, founder of Kathmandu and former director of baby food company Bellamy’s, has abandoned her lawsuit alleging a Caribbean Islands-based trust didn’t owe capital gains tax on the 2018 sale of 2.5 million Bellamy’s shares.
Fairfax to argue no ‘serious harm’ to synagogue head over ‘gossipy, mocking’ Age report
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Fairfax has foreshadowed a fight over whether former synagogue president and Victorian Liberal party treasurer David Mond suffered ‘serious harm’ as a result of articles published in The Age and Sydney Morning Herald accusing him of deciding to host a speech by a convicted spy.
‘What are solicitors doing writing press releases?’ Tolga Kumova trial judge asks
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A judge has questioned why solicitors representing Twitter personality Stock Swami published a media release about his “backstory” two days before trial in a defamation case brought by mining investor Tolga Kumova.
Readymix could be pulled into $300M case over ‘defective’ Lane Cove development
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A judge has indicated that he may allow concrete supplier Readymix to be drawn into a five-year-old dispute over alleged defects in the construction of Sydney’s billion-dollar Lane Cove tunnel.
Biggin & Scott infringed copyright by copying source code, Full Court finds
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Real estate marketing platform Campaigntrack has won an appeal of a ruling in an important copyright case over its cloud-based software that accused real estate agency group Biggin & Scott of authorising reproduction of the software’s source code.
ASIC hits $1 billion ‘licensee for hire’ firm with court proceedings
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The Australian Securities and Investments Commission has filed civil penalty proceedings against advisory firm Lanterne Fund Services, alleging it ran a “wholly deficient business”.
Dow’s vapor-drift fighting herbicide patent not new, IP Australia finds in win for Nufarm
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Nufarm Australia has successfully challenged a herbicide patent application by Dow Agrosciences’ successor on the grounds that the invention – aimed at limiting the worldwide problem of vapor drift – is neither new nor innovative.
Tolga Kumova’s tweets ‘clearly apt to mislead’, judge says
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A judge overseeing a defamation case brought by Tolga Kumova against Twitter personality Stock Swami has said tweets the mining investor published which allegedly spruiked shares in which he invested were “clearly apt to mislead”.