The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was “no way” he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.
The Federal Court has dismissed an application by tax lawyer Michael Binetter and his wife Suzanne Binetter to dip into over $3 million in frozen assets to fund a case over an alleged $120 million international tax evasion scheme.
Entertainment industry titans Sony Music Entertainment, Universal Music and Warner Music have joined an appeal to the Full Federal Court challenging a licence granted by the Copyright Tribunal of Australia to Foxtel for the rights to certain yet-to-be-broadcast content and streaming rights.
International real estate franchisor Re/Max is close to settling a trade mark case it brought against competitor Resimax, a Federal Court judge has heard.
Japanese retail store Daiso has been fined $355,000 for selling dangerous products, including projectile toys, that did not comply with Australian safety standards.
Boutique law firm Kalus Kenny Intelex has escaped contempt of court charges sought by the corporate watchdog alleging it breached orders freezing the assets of clients allegedly involved in a binary options scam.
A barrister representing Radio Rentals in a class action alleging its rental practices violated responsible lending laws has told a Federal Court judge that repeated delays by the Maurice Blackburn-led class could damage the company.
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 ACCC is working on a court enforceable undertaking with Apple’s Australian unit after it reached a $9 million settlement with Apple Inc. over allegations the company’s iPhone and iPad repair policies violated the Australian Consumer Law, a Federal Court judge said Wednesday.
In a judgment signing off on Apple’s $9 million settlement with the ACCC over the tech giant’s repair policies, a Federal Court judge has said the case is a “paradigm example” of the problem with how penalties are assessed under the Australian Consumer Law.