Allens

A former US Congressman and indirect beneficiary of Queensland gold mining company Citigold has lost a bid to launch derivative action accusing the company's chairman of sharing insider information with his brother.

A former US congressman who holds shares in Queensland gold mining company Citigold is seeking to bring a derivative action in the Federal Court, accusing the brother of company chairman Mark Lynch of trading on sensitive inside information.

Four Australian law firms are at the top of their game when it comes to advising on copyright matters, according to an inaugural global ranking by the World Trademark Review.

A judge has approved a $29.6 million settlement in a class action against Westpac’s former home lending business RAMS, including $4 million in legal costs and a $12 million funding commission. 

Mallesons has asked a court to set aside an examination summons filed by the liquidators of defunct developer FSM against a former senior associate of the firm.

The owners corporation of Sydney's Sugarcube Apartments has lost a bid to set aside a $25.8 million security granted by developer Golden Rain to the trustee for a group of lenders, with a court finding no intent to defraud had been established.

A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime. 

Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.

Apple will seek an expedited appeal of a finding that it engaged in anti-competitive conduct in relation to its App Store and orders forcing it to allow third-party app marketplaces and in-app payment solutions for Australian users.

Apple has been ordered to reinstate Epic Games' Fortnite game to its App Store in Australia and allow developers to offer in-app payment methods to Australians, after it was found to have breached competition laws.