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Menswear label yd. accused of ‘obvious’ infringement by rival brand Politix
Australian menswear label yd. has been sued for “blatant and obvious” copyright infringement for allegedly using a floral pattern produced by rival brand Politix on its shirts.
Former Citigroup boss escapes ANZ cartel case as prosecutors slash charges
Prosecutors have withdrawn two-thirds of the charges in a criminal cartel case over a $2.5 billion ANZ share placement and have dropped their case against former Citigroup CEO Stephen Roberts, according to a lawyer in the case.
PwC to face misleading conduct claim over advice to Chinese lender
A judge has found PwC should face a claim that it engaged in misleading and deceptive conduct while assisting Chinese lender Aoyin with its planned launch in Australia by failing to properly advise the company there was a risk its shareholders did not comply with APRA's 'fit and proper' requirement.
Banks lose cases against directors over $2.8B collapse of steel giant Arrium
A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he was not satisfied the directors' representations on loan drawdown notices were false or that the company was insolvent when it went into voluntary administration in April 2016.
Worley budget adjustments were ‘drop in the ocean’, Full Court hears in class action appeal
Worley’s increases to a budget behind an allegedly misleading 2014 earning guidance, amounting to $1.14 million, were a “drop in the ocean”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
Finish Powerball maker sues detergent rival for ‘deceptively similar’ packaging
The maker of Finish dishwashing products is seeking an urgent injunction to clear a competitor’s products from supermarket shelves, alleging trademark infringement over “deceptively similar” packaging depicting dishwasher gel caps.
ACCC wins $1.5M penalty against sporting goods retailer Decathlon
International sporting goods giant Decathlon has been ordered to pay a $1.5 million penalty for selling hundreds of basketball hoops and inflatable swimming pools that did not comply with mandatory safety standards.
Shareholders looking to revive class action say Worley pursued ‘growth stock’ ambitions over accuracy
Worley crafted the budget behind an allegedly misleading 2014 earnings guidance so that its shares could be rated as a “growth stock”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.
Use of CBA app for notice of $7M penalty in ASIC case not appropriate, judge says
A judge has refused to order Commonwealth Bank of Australia to publish notice of a $7 million penalty in a case brought by ASIC on its mobile app, but the bank will have to alert customers to its misconduct on its website and online newsroom.