A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a $5 billion stock market wipeout for the insurance provider.
Young Chinese mining magnate Sha ‘Sally’ Zou has been ordered into mediation to try to resolve a Fair Work spat with the former general manager of her AusGold Mining Group, who claims Zou owes him over $1 million in wages.
A former Volkswagen CEO Martin Winterkorn has been charged in the US with conspiracy and fraud over the car maker’s long-running scam to cheat emissions tests, two months after VW faced trial in Australia over dieselgate.
Online property portal REA Group has successfully opposed registration of a trademark for the domain name realestateasia.com.au, with the Trade Marks Office saying the challenged mark was adopted to exploit the commercial success of the popular real estate site.Â
A Federal Court judge has shot down Kraft’s suggestion that his order blocking it from acting further in a US arbitration between it and Bega over peanut butter trade dress rights should only pertain to its claims and not Bega’s cross-claim.Â
Branhaven will seek court approval to amend the bovine gene patent held by it and Cargill, after the Federal Court sided with a challenge by Meat & Livestock Australia and found the patent was invalid.
The Australian Competition and Consumer Commission has asked the Federal Court to hit We Buy Houses and its owner Richard ‘Rick’ Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.
“Embarrassing” is how Woolworths has described the ACCC’s claim that its line of environmentally-friendly disposable dishes doesn’t biodegrade in a reasonable amount of time.
AMP has shot back at Royal Commission findings that it committed a criminal offence over its fees-for-no-service scandal and has defended a report prepared by law firm Clayton Utz over the issue.
MyBudget has exploited tens of thousands of customers already in financial difficulty and owes them interest on money they entrusted to the debt management company, the federal Court heard at the end of a two-day class action hearing Thursday.Â