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CIMIC to pay $32.4M to settle shareholder class action
Class Actions 2020-02-11 10:31 pm By Cat Fredenburgh

Engineering services company CIMIC will fork over $32.4 million to settle a shareholder class action, with group members expected to get 40 per cent of the settlement total if the court approves the requested  legal costs and funder’s commission.

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‘You’re lying’: ANZ attacks ACCC witness on crucial cartel evidence
Financial Services 2020-02-11 10:06 pm By Miklos Bolza

An ACCC investigator has come under fire from ANZ as the bank seeks to shoot holes in the criminal cartel action against it, with counsel for the bank accusing the regulator of “infecting” witness statements and erasing testimony that weakened its case.

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Federal Court may not cede class action ground to Victoria if contingency fee bill passes
Class Actions 2020-02-11 9:46 pm By Christine Caulfield

With Victoria set to pass legislation permitting law firms to charge contingency fees, experts have raised fears of an exodus of class actions from other states and the federal system. But the Federal Court, which hears about two-thirds of Australia’s representative proceedings, is not likely to surrender easily.

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Court rejects lead applicant’s $508k bill in $19.25M Arasor class action settlement
Class Actions 2020-02-11 9:16 pm By Cat Fredenburgh

The lead applicant in a shareholder class action against laser technology company Arasor will walk away with a fraction of the approximately $508,000 in legal and other bills it has racked up in disputes with the ATO and funder International Litigation Partners following the approval of a $19.25 million class action settlement more than two years ago.

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Sussan faces lawsuit over worker’s ‘humiliating’ experience with Kylie Minogue impersonator
Employment 2020-02-10 10:56 pm By Cat Fredenburgh

Women’s clothing retailer Sussan is facing a lawsuit from an employee who claims he suffered psychological injury after being forced to don gold hotpants, a bikini top and a pink cowboy hat and perform with a Kylie Minogue impersonator at a company event.

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Rokt parries blows from Full Court as it looks to save software patent
Intellectual Property 2020-02-10 9:53 pm By Miklos Bolza

A landmark ruling granting fintech Rokt’s application for a software patent has come under attack before the Full Federal Court, with the judges expressing skepticism about the invention’s patentability.

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ACCC investigator shoots down claims of impropriety in ANZ cartel case
Competition & Consumer Protection 2020-02-10 9:15 pm By Miklos Bolza

A key officer from the ACCC involved in interviewing JPMorgan bankers during a cartel investigation that led to criminal charges against ANZ and two investment banks has denied allegations that he acted improperly during the investigation.

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Bitter dispute ends in cancellation of ‘Urban Ale’ trade mark
Intellectual Property 2020-02-07 7:41 pm By Miklos Bolza

A Melbourne-based craft brewery has had its ‘Urban Ale’ trade mark cancelled, with a judge finding other beer makers might want to use the words to describe their products and that cancelling the mark would be in the public interest.

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ACCC slammed for ‘opaque’ demands in misuse of market power case against TasPorts
Competition & Consumer Protection 2020-02-07 5:49 pm By Christine Caulfield

A lawyer for Tasmanian state government owned ports company TasPorts has criticised the ACCC’s first-of-its kind case that alleges it is misusing its market power to stymie competition, saying it isn’t clear what the regulator wants the court to do.

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ANZ wins fight for ASIC docs in cartel case, but battle might not be over
Competition & Consumer Protection 2020-02-07 3:10 pm By Miklos Bolza

ANZ has won access to documents the bank claims are crucial to its defence in a high stakes criminal cartel case, but the Australian Securities and Investments Commission has flagged a possible appeal of the ruling.

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