Australian infant formula company Care A2 Plus has hit back at a $200 million lawsuit by US business partner Gensco, arguing the distributor did not properly execute the agreement at the heart of the dispute as allegations of phantom companies fly.
IG Markets has been hit with a second class action for offering âhighly risky and unsuitable financial productsâ to retail investors, with a third competing proceeding in the works.
A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.Â
Boutique law firm William Roberts has lured Omni Bridgeway’s former managing director for Asia Pacific to grow its litigation team.
A judge has refused a lead applicantâs novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.
Dell Australia has been ordered to pay a $10 million penalty for making false and misleading representations about the discount prices of add-on computer monitors.
Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC’s rejection of their proposed regional network sharing agreement.
IP Australia has rejected US fintech Block’s bid to patent a method for adjusting animations to enable a large volume of point of sale applications, finding the invention was a mere scheme that did not meet the manner of manufacture test for patentability.
An in-house lawyer is barred from representing his employer in proceedings against a law firm after a judge found it breached rules in Western Australia that require corporate litigants to be represented by solicitors.Â
SkyCity has set aside $45 million for its legal costs and a possible penalty in AUSTRAC proceedings alleging it allowed $4 billion in suspicious transactions at its casino.