A court has approved a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG, after not a single objection was raised by unitholders or creditors who wonât receive anything after the entire amount is paid to the funder.
The funder backing the IAG add-on insurance class action has agreed to a fixed 25 per cent commission, after the plaintiff copped criticism from a judge for the largely redacted funding agreement which called for lower rates if the case settled by a certain date.
The Commonwealth Bank must overhaul its privacy practices as part of a court-enforceable undertaking with the Australian Information Commissioner following two data breaches.
The consumer watchdog has issued fresh proceedings against Optus over its National Broadband Network marketing, alleging the telecommunications giant sent a misleading email to consumers just two days after it copped a $1.5 million penalty for similar conduct.
The A2 Milk Company is appealing a ruling that granted rival Lion Dairy’s opposition to its application to trade mark the phrase ‘True A2″ for its milk products, as it combats efforts by other milk companies to block it from using marks that allegedly imply its products have unique characteristics.
Poppy processor Palla Pharma has agreed to pay $1.125 million to rival Tasmanian Alkaloids t0 settle a lawsuit alleging infringement of two innovation patents for high codeine-concentrated poppy.
The Australian Competition and Consumer Commission is appealing the dismissal of its case over Pactific National’s purchase of Aurizon’s Acacia Ridge Terminal in Queensland, challenging the Federal Court’s power to accept Pacific National’s last-minute promise to ensure access to the major freight terminal by competitors.
A self-described âvigilant lawyer against big companiesâ has attempted to make submissions regarding the costs incurred in the Sirtex shareholder class action settlement, with legal fees and fundersâ commissions chewing up half of the $40 million settlement figure. Maurice Blackburn took the lead after two shareholder class actions relating to the biotech companyâs revised sales…
An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholderâs derivative lawsuit over a restructure that allowed the sale of 25 per cent of its business to Macquarie Bank.
AMP is a facing a second class action for allegedly charging excessive fees on more than two million superannuation accounts, setting up another potential class action beauty pageant.