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Australian rock band Little River Band has secured an injunction against an Adelaide-based record label accused of hijacking the band’s Spotify accounts on behalf of disgruntled former band members.
CBA’s Colonial agrees to $20M penalty for misleading MySuper statements
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The Commonwealth Bank’s wealth management unit has agreed to cough up $20 million in penalties for misleading thousands of fund members during the transition to MySuper accounts, but steadfastly maintains its conduct was not part of a “nefarious” plot for profits.
Murray Darling Basin Authority fails again to limit class action liability
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The Murray Darling Basin Authority can’t rely on defences claiming it is a “public or other authority” to limit the liability of a class action brought over alleged negligent water management, an appeals court has found.
‘Madness’ if Sandoz entitled to generic Lexapro licence, High Court told
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Danish drug maker Lundbeck has told the High Court it did not contract away a royalty-free licence to generic drug maker Sandoz to sell blockbuster antidepressant Lexapro, saying such a decision would be commercial “madness”.
ACCC officers face pre-trial grilling in ANZ cartel case as judge questions need for committal
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Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ’s $2.5 billion capital raising six years ago.
Class action against On The Run wants to drop claims by trainees
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Class action claims brought by trainees against convenience store chain On The Run may be discontinued because of high costs and lack of commonality if an application before the Federal Court is successful.
ASIC strips embattled accountant Vanda Gould of financial services licence
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The Australian Securities and Investments Commission has cancelled the licence of embattled former accountant Vanda Gould.
NAB faces re-trial in adverse action case by worker who committed data breach
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A former financial planner found to have engaged in a data breach at National Australia Bank will have her adverse action lawsuit against the bank partially reheard after an appeals court found the judge who tossed the case failed to properly consider why she was fired.
Griffin Coal told to pay Carna Group liquidators $5M for contract breach
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Struggling mining firm Griffin Coal has been ordered to pay $5.1 million to liquidators of a collapsed mining services company after a judge found it had breached a contractual term not to trade while insolvent.
‘Arrogant’ barristers in Banksia class action struck off roll, face criminal probe
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Lawyers running the scandal-ridden Banksia class action have been struck from the roll of practitioners, will face criminal investigation and must pay group members $11.7 million in damages.