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The Australian Competition and Consumer Commission has brought criminal cartel charges against a money transfer business and five individuals for allegedly fixing the foreign exchange rate on millions of dollars transferred between Australia and Vietnam between 2011 and 2016.
Months after submitting its final report on the country's class action regime, the Australian Law Reform Commission has been tasked with undertaking a "comprehensive" review of the effectiveness of the country's corporate crime laws, including whether the criminal code should be altered to make senior executives liable for company misconduct.
The Commonwealth Bank of Australia has offered $9.3 million since 2014 to customers that suffered loss when advisers in two of its financial planning units put their money into high-risk investments without their permission.
By putting its name on allegedly defective vaginal mesh implants, American Medical Systems held itself out as the manufacture of those devices, according to an amended class action pleading that addresses the medical device maker's assertion that a subsidiary made the devices after May 2012.
US lingerie company Victoria's Secret has reached a settlement in a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products.
F. Hoffman La-Roche has reached a settlement in a patent lawsuit over Sandoz's plan to market a biosimilar version of its patented biologic used to treat various cancers and rheumatoid arthritis.
The takeover battle for Xenith IP has entered round two, with IPH submitting a revised proposal to acquire the IP services firm in full, leaving fellow suitor QANTM with three days to lodge a competing offer.
Telecom giant Optus has been hit with a $25,000 criminal fine after pleading guilty to four charges of failing to disclose political donations in its development applications.
The Commonwealth Bank has been hit with a lawsuit by a former general manager who claims his retrenchment in 2013 violated the whistleblower protections under the Corporations Act.
Melbourne-based pub and music venue The Corner Hotel has filed a trade mark lawsuit against a jazz club formed in partnership with iconic New York club Birdland, as it continues to do battle with McDonald's for allegedly infringing its "Corner" trade marks.