Lawyers for IOOF chief financial officer David Coulter have dismissed APRAâs allegations that he breached his superannuation duties as commercially ânaĂŻveâ, âabsolutely desperateâ and a “most egregious exampleâ of impulsive regulatory enforcement action.
The former directors of troubled fund manager IOOF have slammed APRA for bringing a âtruly hopelessâ disqualification case against them, telling a court the prudential regulatorâs âStalinistâ approach was deterring âgood people and good companiesâ from participating in the superannuation industry.
Printer giant Seiko Epson has won its cross-appeal against cartridge reseller Calidad in a Full Federal Court decision that further clarifies the extent to which patentees can prevent those acquiring a patent’s title from repurposing or manipulating the original product.
APRA has been accused of harbouring an âunhinged hatredâ for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA documents he claims were disparaging of the wealth management company and its executives.
The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is âplain as a pike staffâ, as IOOF contends the regulatorâs case is âartificial and theoreticalâ and âoverly simplisticâ.
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.
US-based Trident Seafoods has lost a Federal Court fight with an Australian-based Asian food company over three trade marks for the word ‘Trident’.
The approval of a settlement between the liquidators of failed fund manager Equititrust and auditor KPMG has been postponed to allow time to notify creditors and unitholders that they won’t see a cent, an outcome the judge called “a long way from litigation in any traditional sense”.
Ultra Tune has been given the go-ahead to challenge a $2.6 million penalty for alleged breaches of franchising and consumer laws, after a judge said she had “no sympathy” for the consumer regulatorâs opposition to the car repair franchisor’s bid for more time to lodge an appeal.
A second competition lawsuit brought against NSW Ports could be stayed or consolidated with a case launched by the competition regulator over an agreement to privatise Port Botany and Port Kembla, a court heard Tuesday.