The applicant in a shareholder class action against Iluka Resources can put up security for the company’s legal costs by way of two insurance deeds of indemnity, but a bid to use the deeds to replace the $1.25 million it earlier paid in cash security has failed.
Kmart has defeated claims by a streetwear company that the retail giant infringed the copyright for its cargo pants and shorts designs.
HWL Ebsworth has resolved a lawsuit alleging one of its partners helped the former directors of an insolvent mobile ticketing company divert the proceeds of a life insurance policy to pay money owed to the firm.
A judge has hit pause on National Australia Bank’s case against Helen Rosamond’s executive services company Human Group over an alleged $42.4 million fraud against the bank, amid an ongoing criminal case against Rosamond.
Health insurer Medibank has admitted to engaging in misleading and deceptive conduct when it falsely told consumers they were not eligible for certain coverage under their insurance policies in what it called an “internal process failure”, but denies the ACCC’s claim that consumers were denied the benefits they paid for.
Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute derailed.
The Full Federal Court has reimposed bans against four former directors of collapsed retirement village owner Prime Trust, including former federal health minister Michael Wooldridge, following a successful High Court challenge by the Australian Securities and Investments Commission.
US asset management firm State Street has dropped its trade mark claims against a second superannuation fund over its iconic Fearless Girl statue, leaving law firm Maurice Blackburn as the lone defendant as a November trial date approaches.
Former Wallabies star Israel Folau says a tribunal’s decision to terminate his contract with Rugby Australia over homophobic social media posts has no effect due to the apprehended bias of one of its members, prominent barrister and LGBTI rights advocate Kate Eastman.
A new government inquiry will look at the fees and practices of insolvency professionals and whether the current insolvency system is set up to help struggling businesses turn around.