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‘The well has run dry’: Judge shoots down class action bid for internal Ford reports
ACCC 2019-11-22 10:07 pm By Cat Fredenburgh Melbourne

The judge overseeing a class action against car maker Ford over its allegedly defective PowerShift transmission has shot down the applicant’s request for additional discovery, saying that after multiple delays in the case “the well has run dry”.

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ANZ, Westpac to face class actions over ‘junk’ insurance
ANZ 2019-11-22 8:44 am By Cat Fredenburgh Melbourne

Slater and Gordon is planning class actions against ANZ and Westpac over allegedly worthless insurance, fresh off of winning a $49.5 million settlement in a junk insurance class action against the National Australia Bank.

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160-year-old IP boutique Watermark to hang up its hat
Article 2019-11-21 10:52 pm By Cat Fredenburgh Melbourne

IP boutique Griffith Hack will soon have around 80 practicing lawyers when it absorbs Australia’s oldest specialist intellectual property firm Watermark next year.

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Full Federal Court gets chance to weigh in on market-based causation
Appeals 2019-11-21 4:16 pm By Cat Fredenburgh Melbourne

Shareholders have appealed a ruling that found a “serious problem” with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.

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Qube slaps Port of Newcastle with misuse of market power suit
Competition & Consumer Protection 2019-11-20 10:15 pm By Cat Fredenburgh Melbourne

Qube has filed a misuse of market power case against the operator of the Port of Newcastle for allegedly forcing the logistics giant to pay for equipment it needs to provide dry bulk unloading services at the port.

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AUSTRAC sues Westpac for ‘systemic’ money laundering failures
AUSTRAC 2019-11-20 10:30 am By Cat Fredenburgh Melbourne

Westpac has been hit with a lawsuit by AUSTRAC for its alleged “systemic” failure to comply with anti-money laundering and counter terrorism finance laws.

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Sobering moment: D’Aquino Bros barred from labeling booze as Scotch
Food and Beverage 2019-11-19 11:22 pm By Cat Fredenburgh Melbourne

Australian liquor retailer D’Aquino Bros has settled a trade mark infringement lawsuit brought by the UK’s Scotch Whisky Association, after agreeing to injunctions barring it from peddling its brew as Scotch.

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NAB manager sentenced over home loan fraud
ASIC 2019-11-19 9:41 pm By Cat Fredenburgh Melbourne

A former National Australia Bank branch manager has been sentenced to a year of home detention for engaging in fraud in relation to the bank’s scandal-ridden Introducer home loan program.

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NAB admits to violating Credit Act with ‘Introducer’ program
APRA 2019-11-18 11:40 pm By Cat Fredenburgh Melbourne

The National Australia Bank has admitted to most of the violations alleged in the Australian Securities and Investments Commission’s case over the bank’s $24 billion scandal-ridden ‘Introducer’ loan referral program.

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Rio Tinto subsidiary wins on appeal after IP Australia rejects mining patent
Christian Dimitriadis 2019-11-18 10:08 pm By Cat Fredenburgh Melbourne

Rio Tinto subsidiary Technological Resources has successfully challenged a decision by IP Australia to reject a patent application for a method of separating mined material, with a judge finding the claimed invention was not a collection of mere working directions as a delegate had found.

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