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JPMorgan disputed existence of cartel agreement with ANZ, court hears
Despite receiving immunity in a criminal cartel case against ANZ and two other investment banks, JPMorgan has disputed the existence of any cartel agreement since the early days of the ACCC's investigations, a court has heard.
IOOF admits head of research had underlings take his compliance training
IOOF has admitted that some allegations in an employee complaint at the centre of a shareholder class action were "substantially true", including claims that it overstated the performance of its 'Buy Model' investment portfolio and that its head of research instructed subordinates to complete his training courses for him.
Coffee capsule maker Caffitaly appeals ruling invalidating three patents
Coffee capsule maker Caffitaly is challenging a ruling that revoked three patents at the centre of an intellectual property war with rival One Collective.
Lorna Jane fined over anti-virus activewear claims
Brisbane clothing company Lorna Jane has been fined almost $40,000 for implying that its 'anti-virus activewear' prevents against infectious diseases such as COVID-19.
ASIC loses bid for Ashurst documents on ANZ fee advice ‘for now’
Australia’s corporate watchdog has lost its bid to obtain Ashurst’s advice to Australia and New Zealand Banking Group about potentially illegal bank fees “for now”, but a judge has signalled that this may not be the end of the matter.
ASIC takes Forex CT to court over ‘unconscionable’ sales tactics
ASIC has launched court proceedings against Melbourne-based foreign exchange and derivative trader Forex CT alleging it engaged in unconscionable sales tactics that led to hundreds of thousands of dollars in investor losses.
Clive Palmer hit with criminal charges over $12M in transfers
Queensland politician and mining magnate Clive Palmer has been hit with criminal charges for allegedly using his position as director of Minerology to allow $12 million in transfers for unauthorised purposes, including to support his party's political ambitions.
Kogan misled customers with tax promotion, court finds
The Australian Competition and Consumer Commission has succeeded in its case against Kogan, with a judge finding statements the online retailer made during a 2018 promotion were misleading and drew consumers into the company's "marketing web".
Westpac hit with class action over banned car loan scheme
Westpac has been hit with a class action over a "shonky" car loan scheme, in what is the first class to be filed in Victoria Supreme Court following passage of a state law allowing lawyers to earn contingency fees.
Mining giant beats back challenge to lost profits claim in dispute over $2.5B WA iron ore mine
A subsidiary of US mining giant Cleveland-Cliffs has fought back a second bid to quash its counterclaim for lost profits in a contractual dispute over the lucrative Koolyanobbing iron ore mine, with the Western Australia Court of Appeal saying the claim was not "clearly untenable" as argued.