A judge has quietly given his seal of approval to a settlement distribution scheme in a class action against KPMG, after raising questions about Piper Alderman’s legal bill and the litigation funder’s “arguably excessive” cut of the confidential settlement.
The Australian Competition and Consumer Commission currently has twelve misuse of market power investigations underway, one of which will likely make it to the courthouse before the year is up.
ACCC Chair Rod Sims reiterated concerns about the lack of competition in the retail banking sector on Wednesday, but shut down media reports that the competition regulator is pushing for a royal commission-scale inquiry into the big four banks.
The family of an Australian national who was killed aboard Malaysia Airlines flight MH17 is challenging a ruling that blocked it from participating in a recent class action settlement.
Labour hire company Workpac is seeking to stay two class actions over leave entitlements allegedly owed coal miners, amid a looming judgment from the Full Federal Court that will clarify the definition of casual employees.
Mining firm MACH Energy has resolved a lawsuit brought by a former director seeking $20 million in shares allegedly owed under an equity incentive scheme.
BASF has dropped a lawsuit alleging Sherwood Chemicals infringed two of its patents for an underground termite control system.
Thorn Group is seeking to raise $38.7 million to cover its share of a $29 million settlement in a consumer class action alleging its Radio Rentals unit pushed misleading ‘Rent, Try, $1 Buy’ leases onto vulnerable customers.
A five-judge panel of the Full Federal Court has found two innovation patents by financial software company Encompass Corp. are not a manner of manufacture, but held back on providing more clarity on the test for the patentability of computer-implemented inventions.
Bookmaker Sportsbet has expanded its case over rival BetEasy’s attempts to operate under the ‘Sportingbet’ trade mark, arguing its marks should be revoked for non-use.