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Fair Work Ombudsman loses bid for hefty fine in MUA strike case
Employment 2018-06-21 11:16 pm By Christine Caulfield

The Fair Work Ombudsman lost its argument for $4.1 million in penalties against the CFMMEU for industrial action at shipping terminals in Sydney and Brisbane, with a judge instead fining the union just $38,000.

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Fat pill patent by Danone unit gets IP Australia’s OK
Healthcare 2018-06-21 9:36 pm By Christine Caulfield

Danone’s Nutricia unit has defeated a challenge by New Zealand’s dairy cooperative Fonterra to registration of an Australian patent for the use of a nutritional pill for increasing weight gain in frail, elderly people.

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CBA’s $25M rate-rigging settlement gets court OK
Financial Services 2018-06-21 10:58 am By Christine Caulfield

The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.

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Toys ‘R’ Us to close after administrators fail to find buyer
Restructuring & Insolvency 2018-06-20 10:56 pm By Christine Caulfield

Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.

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Trustee settles class action over LKM Capital collapse
Class Actions 2018-06-20 3:36 pm By Christine Caulfield

The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.

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Aussie acai berry co. denies stealing rival’s story
Competition & Consumer Protection 2018-06-19 5:40 pm By Christine Caulfield

An Australian acai berry company has hit back at accusations it co-opted the pioneering narrative of US acai berry bowl maker Sambazon to promote a competing business.

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Class action lawyers should be able to work on contingency, VLRC says
Class Actions 2018-06-19 3:38 pm By Christine Caulfield

Class action lawyers should be allowed to charge contingency fees and earn a percentage of any settlement, the Victorian Law Reform Commission said Tuesday on the much anticipated release of its report into class action funding.

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Apple to pay $9M in ACCC case over iPhone repairs
Competition & Consumer Protection 2018-06-18 9:40 pm By Christine Caulfield

Apple will pay $9 million to resolve a case by the ACCC alleging the US tech giant’s repair policies were in breach of the Australian Consumer Law, according to a court order Monday.

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Fourth class action filed over St Patrick’s Day fires
Class Actions 2018-06-18 4:36 pm By Christine Caulfield

Powercor Australia has been hit a class actionĀ alleging its negligence led to a fire in the Gazette area of South West Victoria, the fourth class action the electrical distribution company faces over the 2018 St Patrick’s Day fires.

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Netcomm Wireless settles Corning’s patent suit over NBN tech
Intellectual Property 2018-06-18 3:16 pm By Christine Caulfield

NetComm Wireless has settled a suit brought by Corning Optical Communications alleging broadband technology used in the National Broadband Network rollout infringes on an innovation patent.

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