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Hytera can argue Motorola should have alerted it to stolen IP sooner, Full Court says
The Full Federal Court has handed a win to Hytera in its high-stakes intellectual property litigation with Motorola, allowing the Chinese radio manufacturer to file an amended defence arguing Motorola should have alerted it to the alleged theft of its source code by former employees sooner.
Ernst & Young denies it was negligent in goodwill review of Slater & Gordon’s Quindell deal
Accounting giant Ernst & Young, which has been dragged into two class actions by Slater & Gordon shareholders, has shot back at claims it was negligent in its 2015 audit report of the law firm's UK division, which included a review of the firm's disastrous acquisition of Quindell's professional services arm that found no impairment on the goodwill value of the deal.
Bondi Beach bar sues Aristocrat Technologies over ‘defective’ gaming machines
A trendy Bondi Beach bar has dragged Aristocrat Technologies to court for allegedly selling it defective gaming machines that repeatedly froze when customers tried to use them.
Dam operators found negligent in Queensland floods class actions
The NSW Supreme Court has ruled against the operators of two Queensland dams as well as the state government, finding they were vicariously liable for the negligence of flood engineers in the 2011 Southeast Queensland floods that destroyed over 2,000 homes.
Competition watchdog keeps up fight for lower access fees at Port of Newcastle
The ACCC has taken its long-running battle over access fees at the Port of Newcastle to the Federal Court, challenging a re-arbitration decision that overturned its finding that the fees should be cut by 20 per cent.
Firms will seek up to $6M at SurfStitch class action settlement hearing
The funders behind two shareholder class actions against online fashion retailer Surfstitch Group will seek a commission of up to 30 per cent while the law firms that brought the cases will ask for approval of up to $6 million in legal fees during an upcoming settlement approval hearing, which also puts the fate of a deed of company arrangement that saved the company from liquidation on the line.
Cross claims against Deloitte dropped in Dick Smith class actions
Accounting giant Deloitte Touche Tohmatsu will not face cross claims over the collapse of failed retailer Dick Smith when a hearing of three shareholder class actions kicks off in three months.
Funder’s cut, legal fees face scrutiny in second Murray Goulburn class action
The litigation funder financing the second of two recently settled shareholder class actions against Murray Goulburn will face similar scrutiny over its commission as the funder behind the first action.
Bellamy’s to pay $49.7M to settle shareholder class actions
Infant food maker Bellamy's has agreed to pay $49.7 million to settle two shareholder class actions alleging the company misled investors in 2016 about its China growth strategy and declining infant formula market share in Australia.
Struggling tech firm Irexchange accused of misleading shareholders in new suit
Troubled retail technology firm Irexchange is accused of misleading shareholders through three different capital raising offers, according to a new Federal Court case brought by investors who sunk over $4.5 million into the company.