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Class action against KPMG, CuDeco directors wants insurance docs to avoid ‘train wreck’
Class Actions 2023-06-13 11:59 pm By Gareth Baker

A shareholder class action against KPMG and the directors of defunct mining company CuDeco is seeking insurance information and a limited number of documents from the directors ahead of mediation, to avoid a “train wreck” of a case, a court has heard.

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Settlement in class action against CIMIC unit wins approval
Employment 2023-06-13 4:41 pm By Christine Caulfield

A $438,000 settlement in a class action accusing a unit of engineering company CIMIC of underpaying casual aluminium construction and manufacturing workers has won court approval.

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L’Oreal loses rights to use Elvive trade mark for beauty products
Intellectual Property 2023-06-13 6:00 pm By Gareth Baker

Skincare giant Lā€™Oreal has lost the rights to use a 23-year-old trade mark for branding some of its products, after a competitor successfully campaigned IP Australia to strike it from the register for non-use.Ā 

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Big Un’s CFO charged with insider trading in latest action over failed company
White Collar 2023-06-13 3:49 pm By Christine Caulfield

The former chief financial officer of Big Un has become the third person to be charged with insider trading connected to shares in the defunct video producer.

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Armaguard, Prosegur merger wins clearance from ACCC with conditions
Competition & Consumer Protection 2023-06-13 4:22 pm By Christine Caulfield

Armaguard and rival Prosegur have secured authorisation for their proposed merger from the ACCC, which has found the likely reduction in competition in the cash transport industry was outweighed by the public benefits of the transaction.

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Insurers ‘can’t say’ if they will cover Blue Sky class action claims
Class Actions 2023-06-09 9:17 pm By Cindy Cameronne

A judge has avoided a fight ā€œwith the High Court written all over itā€ over whether an investor class action against Blue Sky Alternative Investments and auditor EY can join four insurers to the case.

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Colonial canā€™t shield lawyer emails due to class action applicant’s ā€˜joint privilegeā€™
Class Actions 2023-06-09 10:16 pm By Cindy Cameronne

Wealth management firm Colonial First State has lost its bid to shield emails with internal counsel about investment options for its FirstChoice super fund after a judge found a class action applicant had joint legal professional privilege.

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ATO prevails against Binetter company as new evidence reveals ‘extraordinary deceit’
Tax 2023-06-09 11:26 pm By Christine Caulfield

The Australian Taxation Office has won a long-running case over an international tax evasion scheme by a company linked to the Binetter family after uncovering evidence showing earlier judgments were secured by fraud.

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PwC client suing for negligence agrees to keep Hawthorn property off market
Professional Negligence 2023-06-09 11:56 pm By Sam Matthews

A former PricewaterhouseCoopers client who is suing the accounting firm over the $88 million sale of wholesale food company Hudson Pacific to Retail Food Group in 2016 has agreed to keep a Melbourne property off the market, but the company has not ruled out a bid for security for costs.

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Law firm can’t stop solicitor from opening rival practice within 50km
Business of Law 2023-06-09 2:33 pm By Sam Matthews

A regional law firm has lost its bid to bar a former employee from opening a rival practice within a 50 kilometre radius of its offices while its case is ongoing, with a judge saying the case raised a ā€œreal issueā€ of reasonableness, especially in light of a lawyer shortage in the town.

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