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Eight major banks, including Credit Suisse, Deutsche Bank and Citicorp, are facing a lawsuit for withdrawing financial support for a project to build and launch the first independently owned satellite in Australia.
Monster Energy takes PepsiCo to court over ‘Monster Munch’ trade mark
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Monster Energy has instituted court proceedings against PepsiCo after failing to block the beverage giant from registering the ‘Monster Munch’ trade mark for the iconic British kids corn snack in Australia.
Judge to hear Hells Angels, Redbubble trial this year ‘come hell or high water’
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A judge has lit a fire under the Hells Angels Motorcycle Corporation, giving the motorcycle club just one day to formally amend its trade mark infringement case against RedBubble and vowing to bring the case to trial by November 2, “come hell or high water”.
Ex-CEO to bring derivative lawsuit against Advanced Energy Minerals
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The former CEO of Advanced Energy Minerals, which specialises in mining high purity alumina to be used in high-demand products like lithium-ion batteries and LED lights, is planning to file a derivative lawsuit accusing the company of oppressive conduct.
Lockdown didn’t trigger business interruption policy in COVID-19 test case, IAG tells court
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Lockdown orders by the Victorian government and an international travel ban in place last year during the first wave of COVID-19 did not trigger a business interruption clause in an IAG policy at the centre of a test case brought by insurers, a judge heard Monday.
PwC partner was used to give ‘cloak of privilege’ to work, ATO tells court
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Accounting giant PricewaterhouseCoopers used one of its legally qualified partners as a “postbox” to provide a “cloak of privilege” to work conducted for meat processing company JBS, the Commissioner of Taxation has told the Federal Court.
ASIC’s cybersecurity test case ‘completely incoherent’, IOOF unit tells judge
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An IOOF unit accused of failing to protect its clients against cybersecurity risks has slammed ASIC’s claims in the novel case, describing the regulator’s further amended statement of claim as “grossly unfair” and “completely incoherent”.
Shareholders fail to prove loss from Babcock & Brown disclosure breaches
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Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.
Court to rule soon in Queensland floods class action appeal
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Dam operator Seqwater will find out this week if its decision not to settle with group members in a class action over the 2011 Queensland floods has paid off.
Lawsuit settled over Tradie’s ‘Aussiest undies ever’ claim
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Men’s briefs manufacturer Tradie has resolved a case brought by a rival alleging it misled consumers by claiming its underpants were the ‘Aussiest undies ever’.