A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.
An investor class action against failed advisory firm Linchpin Capital and its former directors has won its bid to claim its losses against a $10 million insurance policy from AIG.
Australia’s largest toll road operator, Transurban, has been ordered to pay compensation to ConnectEast in a dispute over an annual services fee of $10 million.
A judge has rejected US publisher Maxim’s bid for an injunction against an Australian business it claims has been engaging in “uncontrolled use” of its intellectual property.
A judge has refused a bid to expand the group membership in an underpayments class action against discount retailer The Reject Shop, saying it was based on a misconceived premise.
The High Court has settled a 16-year battle between the federal government and Sanofi over alleged excess subsidies it paid after a judge blocked the release of a generic version of blood thinner Plavix, saying its job was not to “resurrect” a dead case.
Medical device maker Bayer has successfully defended a class action over its Essure contraceptive, with a judge finding the evidence fell short of proving the device caused chronic inflammation.
A judge has ordered Honda to pay $13.6 million in damages to dealer Brighton Automotive in a suit over the car maker’s move away from a dealership model.
Power and gas company Sumo has been ordered to pay a $10 million penalty for engaging in prohibited ‘door-to-door’ phone sales, the largest penalty for breaches of Victoria’s energy laws.
A competition class action against Stanwell and CS Energy has been tossed, with a judge finding the power companies’ conduct was legitimate “profit maximisation behaviour”.