Women’s fashion designer Pinnacle Runway has cut its losses and dropped its challenge to a ruling that found a rival’s use of the name ‘Delphine’ to describe a bikini style did not constitute trade mark infringement, after a judge hit the company with indemnity costs for pursuing the ‘ill-advised’ lawsuit.
The prudential regulator has reduced a requirement that Allianz Australia hold an extra $250 million in capital by $100 million, noting steps the insurer had taken to improve its risk management. The Australian Prudential Regulation Authority imposed the additional capital requirement on the insurer’s Australian unit in August last year, due to issues raised in…
The Australian Securities and Investments Commission has filed civil penalty proceedings against the Commonwealth Bank of Australia for allegedly saddling consumers with $2.9 million in inflated interest rates on their business overdraft accounts on more than 12,000 occasions.
A class action alleging a national personal injury firm overcharged clients will be discontinued after the lawyer behind the case, who failed in his bid to send a notice to group members soliciting funds, said he was not prepared to run the proceedings on a no win, no fee basis.
A “very confronting” new report into the Australian Defence Force’s deployment in Afghanistan has recommended 19 soldiers be investigated by police for the alleged murder of 39 prisoners and civilians, and the cruel treatment of two others.
A settlement has been reached in a class action against a Sydney-based financial advisory firm by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
A judge has declined to throw out a lawsuit brought against Qantas by a self-represented worker who was stood down, saying a “liberal and lenient” approach was needed.
A former director of defunct financial services company Linchpin Capital, who is facing a class action as well as civil penalty proceedings by ASIC, can’t put the brakes on his challenge to a five-year disqualification order by the regulator.
A 65-year-old Melbourne man has become the first person in Australia to be charged with a foreign interference offence since new national security legislation was passed in 2018.
An appeals court has dismissed a second bid by lawyer Alex Elliott to have the judge overseeing the Banksia class action disqualified from hearing claims that he, like his late father, was party to an alleged fraudulent scheme in running the litigation.