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CBA unit hit with criminal charges over insurance hawking
Commonwealth Bank of Australia's insurance unit, CommInsure, is facing 87 criminal charges for allegedly hawking life insurance products in unsolicited telephone calls.
Nissan may face class action over Pathfinder transmission
Japanese car maker Nissan is facing the threat of a class action in Australia over the continuously variable transmission in its Pathfinder sports utility vehicle, after recently settling five similar class actions in the US over the allegedly faulty transmissions.
Facing Deloitte cross-claims, Dick Smith execs drag other directors into class action
Former Dick Smith executives Nick Abboud and Michael Potts have pointed the finger at the defunct electronics retailer's other directors in response to cross claims by auditor Deloitte, which is named in two shareholder class actions over the company's collapse.
Interpharma won’t challenge Precedex patent validity ruling
Australian drug maker InterPharma will not appeal a ruling that dismissed its challenge to the validity of global pharmaceutical giant Pfizer's patent for sedative drug Precedex.
ASIC can use PwC partner’s evidence in case against Rio Tinto
The Australian Securities and Investments Commission has won its bid to use evidence from US proceedings in its case against Rio Tinto alleging the mining giant misled shareholders about a Mozambique mining company purchased for US$4.2 billion.
BASF presses the brakes on Lubrizol fuel additive patent suit
Chemical giant BASF has dropped a lawsuit against Lubrizol Corporation challenging proposed amendments to a fuel additive patent.
Lloyd’s loses bid for quick dismissal of NAB’s $655M insurance lawsuit
Three syndicates of Lloyd's London have failed in their bid to toss a case brought by National Australia Bank seeking £357 million ($655 million) in insurance claims relating to two consumer redress schemes in the UK.
Bendigo and Adelaide Bank loses 20-year-old trade mark for ‘Community Bank’
A judge has overturned a win for Bendigo and Adelaide Bank in a trade mark battle with NSW-based Community First Credit Union, finding the credit union had successfully argued to revoke the bank's 20-year-old trade mark for 'Community Bank'.
ACCC wins record $26.5M penalty against Empower Institute
The ACCC has won a record $26.5 million penalty against defunct vocational trainer Empower Institute for "duping" disadvantaged customers into enrolling in courses they couldn't afford with the promise of free laptops and cash.
Silverchair frontman sues Sunday Telegraph for defamation over brothel story
Silverchair frontman Daniel Johns has filed defamation proceedings against the Sunday Telegraph over an article that stated a brothel specialising in bondage had become a "second home" for the rocker.