The Australian Competition and Consumer Commission has warned it could take enforcement action if its finds banks are misleading customers about foreign exchanges fees and warned banks’ use of their compliance obligations to deny banking services to their non-bank competitors could constrain competition in the market for foreign exchange services.
The family of an Australian national who was killed aboard Malaysia Airlines flight MH17 is not eligible to participate in a recent class action settlement, a judge has ruled.
A firm owned by solicitor Mark Elliott has reached an agreement resolving a dispute with Treasury Wine Estates over the costs the firm should pay in a stayed class action against the winemaker.
Merck Sharp & Dohme has emerged victorious in a battle over documents with Wyeth, as the parties gear up for a hearing on Wyeth’s request to reopen a trial over three patents for its Prevnar 13 pneumococcal vaccine.
The Australian Competition and Consumer Commission has brought proceedings against publicly-traded BlueScope Steel and a former general manager for allegedly engaging in “serious cartel conduct” in relation to the supply of flat steel products in Australia.
Actor Geoffrey Rush has come up short in his bid for an injunction blocking The Daily Telegraph from repeating allegations in the successful defamation case he brought against the publisher, with a judge citing the public interest in free speech and the lack of foundation for the actor’s concerns.
Two units of US pharmaceutical giant Pfizer have filed a lawsuit seeking damages from Juno Pharmaceuticals for allegedly infringing the patent for post-operative pain drug Dynastat.
Allianz Australia will refund over $8 million in fees and premiums to customers who were sold worthless cover they were not eligible to make claims under, including teenagers who were sold death cover.
The Queensland Supreme Court judge has refused to transfer proceedings by villa owners against Clive Palmer’s abandoned Sunshine Coast resort to the Federal Court, but has also rejected a separate bid by Palmer to shut down the case, which has been dormant for six years.
Bellamy’s has lost its appeals court battle to limit the costs incurred by lawyers jointly running two shareholder class actions against the baby food maker.