Westpac has been ordered to pay a $3.3 million penalty for engaging in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, with a Federal Court judge admitting the fine was “inadequate.”
A judge has shot down a bid by Clive Palmer to block the liquidators of Queensland Nickel from making enquiries as to the whereabouts of his fugitive nephew, the sole registered director of the refinery when it collapsed.
Online educator Captain Cook College broke the law by enrolling thousands of students who accrued $60 million in debt but never finished their courses, a new action by the consumer regulator alleges.
Adero Law is seeking to intervene in a Federal Court case against WorkPac over the rights of casual workers, arguing a class action it plans to bring against the labour hire firm should be heard first.
Two far-reaching appeals challenging the court’s power to order all members of an open class action to pay a litigation funder will be heard together, and soon, the Federal Court’s top judge said Thursday.
Fintech company Encompass has asked the Full Federal Court to take a more “nuanced” approach to software patentability than the one currently held by IP Australia, on the first day of a high-stakes appeal over the patentability of computer-related inventions.
Lawyers leading a class action against Quintis want the failed sandalwood oil producer to hand over evidence of any insurance policy that could cover the company and its founder for damages sought in the case.
Medical device maker AMS has told the Federal Court that claims in a class action against it over allegedly defective pelvic mesh implants did not meet the standard for a representative proceeding.
The Morrison Government plans to block the $13 billion acquisition of Australian energy infrastructure business APA Group by a Hong Kong group of companies led by CK Group, saying the deal was not in the national interest.
The ACCC said Thursday that while the merger of Fairfax Media with Nine Entertainment is likely to reduce competition among media providers, it will not oppose the tie-up.