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Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, a penalty that took into account the Big Four bank's massive profits.
Judge lashes ACCC’s Port of Newcastle case as ‘far-fetched and fanciful’
The ACCC's claim that NSW Ports stymied competition when it signed a 50-year agreement with the state to be compensated if the Port of Newcastle built a container terminal was based on "mere speculative hopes", a judge found in tossing the competition watchdog's regulatory action.
SPC appeals $1.2M judgment related to $40M Coca-Cola Amatil deal
Melbourne-based joint venture Shepparton Partners Collective has appealed a $1.2 million judgment which found it infringed software developer QAD's copyright by failing to pay a transfer fee to retain the licence after it acquired the iconic SPC Ardmona cannery in Victoria from Coca-Cola Amatil for $40 million.
Minetek wants lawyers to hand over USB devices as its mulls lawsuit against ex-employee
Global mine technology company Minetek is considering a lawsuit against a former employee who may have unlawfully used confidential company information, a court has heard.
BlueScope cartel judge gives ‘hybrid’ hearings low marks as COVID-19 scrambles trial plans
When trial begins next month in the ACCC's cartel case against BlueScope Steel, the parties will all appear by video, with a judge saying "hybrid" hearings - where some parties are in court and others appear by video - were "unsatisfactory".
Gilbert + Tobin IP litigator Natalie Zwar hits the right notes in music, and in law
Although she planned a career as a professional flautist, the law is where Gilbert + Tobin's Natalie Zwar ended up, using her talent and love of music to build a successful practice in cutting-edge intellectual property litigation.
$23.6M Vocation class action bill might have been ‘materially lower’, judge says
A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been "materially lower" had the case been run by one funder and firm instead of two.
CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.
‘Cynical and cranky’ tweeter not a journalist, judge rules in defamation case
A self-described “citizen journalist” who publishes “cynical and cranky” opinions about the Australian Stock Exchange on the Twitter account Stockswami cannot claim journalist privilege to protect his source, a judge has found.
Arrium settlement was a ‘substantial compromise’, judge says
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was "substantial", the deal involved a "substantial compromise".