The litigation funder underwriting a class action against Myer will have to fork over another $950,000 in security ahead of what will be a rare shareholder trial starting next Wednesday, a court has ruled.
A judge has denied ASIC’s bid to appoint an interim receiver to preserve the assets of three financial services companies that advised clients to invest in complex derivatives, which ASIC is seeking to have wound up for alleged violations of the Corporations Act.
A judge has dismissed a bid by Australian auto electronics company Directed OE for an injunction stopping South Korean rival Hanhwa from supplying a new audio visual unit to truck company Izuzu it claims was developed using confidential information.
The Australian Competition and Consumer Commission has sued Aurizon and Pacific National, claiming a proposed $225 million deal over a major rail freight business in Queensland would have substantially lessened competition.
The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.
Toy giant Mattel is fighting back against claims that its Mecard toys violate Canadian toy company Spin Master’s patent for a toy transformation mechanism, claiming transformable toys are nothing new and that Spin Masters’ patent is invalid.
The lead applicant in a class action against Murray Goulburn has lost a bid for access to documents showing the dairy cooperative’s trust consulted with a QC about possible negligence claims against Herbert Smith Freehills.
Online bookrunner Crownbet has been sued by rival Sportsbet over its attempt to trade mark and operate under the “Sportingbet” name.
The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
A judge has dismissed a bid by former Murray Goulburn boss Gary Helou to push off mediation in an action brought by the ACCC, ruling that the ex-executive’s trip to China was no reason to delay possible resolution of the case.