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Ex-Cushman & Wakefield director appeals ban on office leasing role with rival
Real Estate 2023-07-28 11:30 pm By Christine Caulfield

A former Cushman & Wakefield director is appealing a ruling released Friday that upheld a non-compete restraint in her employment contract with the real estate services giant.

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Monster Energy’s security for costs bid ‘manifestly excessive’, judge says
Intellectual Property 2023-07-28 2:40 pm By Christine Caulfield

The security sum sought by Monster Energy from an inventor suing the beverage giant for patent infringement was “manifestly excessive”, a judge has said, and was based on an estimate of costs that included the fees of three solicitors and two barristers at an interlocutory hearing.

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Facebook owner Meta fined $20M for misleading data privacy app
Competition & Consumer Protection 2023-07-26 9:48 am By Cindy Cameronne

A judge has ordered Meta to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep usersā€™ personal activity data private, when in fact it was being collected for commercial use.

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Arrium lenders file High Court challenge over directorsā€™ loan drawdowns
Restructuring & Insolvency 2023-07-25 3:58 pm By Cindy Cameronne

Commonwealth Bank and other lenders of Arrium have filed for special leave to appeal to the High Court after losing their latest bid to make two directors liable for allegedly misleading them about loan drawdown notices ahead of the steel company’s $2.8 billion collapse.Ā 

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Sargon liquidators resolve $540,000 case against King & Wood Mallesons
Restructuring & Insolvency 2023-07-24 11:21 pm By Christine Caulfield

The liquidators of collapsed Sargon Capital have resolved their unfair preference case against King & Wood Mallesons over $540,000 in fees the law firm was paid for work advising the fintech before it went under.

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Judge orders ‘soft’ class closure in flex commissions class actions
Class Actions 2023-07-21 10:53 pm By Cindy Cameronne

Westpac, Macquarie and ANZ have won soft class closure orders ahead of mediation in three class actions over flexible commissions schemes after a judge found they will improve the chances of settlement.Ā  In a judgment handed down on Thursday, Victoria Supreme Court Justice Lisa Nichols ordered that group members have to formally register in the…

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Court throws out decision on nuclear waste facility location
Energy & Natural Resources 2023-07-21 10:25 pm By Gareth Baker

A court has set aside former Federal Minister for Resources Keith Pitt’s decision to develop a nuclear waste facility in Napandee in South Australiaā€™s Eyre Peninsula, saying a fair-minded observer may have perceived that Pitt was biased in selecting the site over two other proposed locations.Ā 

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Judge mulls order to block rival IG Markets class action from filing in Victoria
Class Actions 2023-07-20 10:20 pm By Sam Matthews

A Federal Court judge overseeing a class action against IG Markets over risky financial products has questioned whether courts should take a ā€œmore robustā€ approach to avoid the ā€œnonsenseā€ of competing class actions, amid the threat of a second class action being filed in the Supreme Court of Victoria.

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Third class action law firm circling IG Markets over risky CFDs
Class Actions 2023-07-12 11:15 pm By Christine Caulfield

Online trading platform IG Markets is facing more scrutiny over its marketing of risky financial products, with a third law firm investigating a class action for everyday investors who have lost money.

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Monster Energy says patent for branded pull tabs invention not valid
Intellectual Property 2023-07-10 4:38 pm By Cindy Cameronne

Monster Energy has hit back at an inventorā€™s claim it infringed his intellectual property by using his method for laser-etched branded pull tabs on cans, saying the invention is obvious.

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