A Federal Court judge has ruled he has jurisdication to hear a case brought by a group of investors against a unit of Credit Suisse over complex derivative products known as MINI warrants, despite the bank’s argument that the claims allege breach of contract under common law, not federal law.
A judge has scheduled a three-week trial to begin November 4 in a case brought by the corporate regulator against two directors of Tennis Australia over broadcast rights to the Australian Open, despite argument by a lawyer for one director that the timetable was “extremely tight”.
Former Tennis Australia director Harold Mitchell has denied allegations by the Australian Securities and Investments Commission that he breached his duties when awarding broadcasting rights for the Australian Open and other tournaments to the Seven Network in 2013.
Hotel booking aggregator Trivago, which last month admitted to breaching the consumer laws over its travel accommodation rankings, has lost a bid to keep secret internal documents that detail why the company made changes to its website and rejigged its advertising.
Grain supplier Seednet has agreed to pay $1 million to settle an enforcement action by the consumer watchdog alleging it misled farmers about the performance of its latest barley variety.
Aurizon has won a request to view documents from Qube Holdings in the ACCC’s case alleging it reached an anti-competitive agreement with Pacific National for the sale of its intermodal freight business, as it pushes back against the competition regulator’s claim that there were other buyers vying for the business.