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Slater & Gordon to file class action against Brambles
Securities 2018-07-04 2:20 pm By Cat Fredenburgh

A shareholder class action will be filed against Brambles now that IMF Bentham has agreed to unconditionally fund the case over alleged misstatements related to the logistics company’s 2017 financial year sales and revenue forecasts.

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Fitbit settles trade mark suit against South Australian billionaire’s co.
Intellectual Property 2018-07-03 10:20 pm By Cat Fredenburgh

Fitbit has resolved a trade mark case brought against the convenience store owned by billionaire Yasser Shahin over his company’s “Footbit” and “Headbit” trade marks.

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Chinese food retailer Winha settles case with ASX over delisting threat
Securities 2018-07-03 10:01 pm By Christine Caulfield

China-based food retailer Winha Commerce has settled legal action it launched against the Australian Stock Exchange over ASX’s threats to delist the company.

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Sydney magistrate settles defamation case against radio station
Defamation 2018-07-03 9:46 pm By Miklos Bolza

Sydney magistrate Joan Baptie has agreed to settle a defamation case brought against the owner of radio station 2GB after an on-air apology by host Ben Fordham.

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ASIC opens Whitebox trial, keeps judge on toes
Securities 2018-07-02 11:06 pm By Miklos Bolza

The trial in ASIC’s complex share market manipulation action against Whitebox Trading began Monday, with an opening submission by the corporate regulator that at times had even the presiding judge scratching his head.

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7-Eleven can make private settlement offers to class members, court says
Class Actions 2018-07-02 10:50 pm By Cat Fredenburgh

A judge has found 7-Eleven is free to make confidential settlement offers to individual members in two class actions brought by franchisees, shooting down a bid by the applicants’ lawyers to get the court involved in the convenience store giant’s communications with class members.

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V Energy maker sees red, loses colour trademark battle with Coke
Intellectual Property 2018-07-02 10:39 pm By Christine Caulfield

The maker of V Energy drinks has lost a fight to trademark the shade of green used on its cans and labels, with a judge agreeing with rival Coca-Cola that the colour was descriptive, not distinctive.

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Cash Converters must answer questions on tax treatment of brokerage fees
Class Actions 2018-07-02 10:30 pm By Cat Fredenburgh

A Federal Court judge has ordered Cash Converters to provide answers to how it treated its brokerage fees for tax purposes, as it faces new class action allegations that the brokerage fees it charged individuals who took out pay day loans were actually for services it received.

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Commonwealth Bank hit with new class action over money-laundering breaches
Class Actions 2018-07-02 4:00 pm By Cat Fredenburgh

Commonwealth Bank of Australia is facing a second shareholder class action after agreeing to fork over $700 million to settle anti-money laundering claims by the government’s financial intelligence agency.

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Business as usual as Clayton Utz reps AMP in ASIC case
Financial Services 2018-07-02 1:11 pm By Christine Caulfield

Clayton Utz, the law firm that faced scrutiny over the independence of a report it authored for AMP, is representing the wealth manager in ASIC’s case over so-called insurance churning.

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