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Wind farm co. settles class action over bushfire caused by electrocuted crow
Renewable energy company Infigen Energy has agreed to settle a class action over the January 2017 Currandooley bushfire that was sparked by a crow that was electrocuted from a transmission line carrying power from the company's Woodlawn wind farm near Tarago, New South Wales.
Ex-CFO said Rio Tinto reserve write down would be ‘worse by far than expected’, ASIC claims
The Australian Securities and Investments Commission claims Rio Tinto's former CFO was referring to the write down for the reserves for two coal assets that were part of a $4 billion acquisition of Rio Tinto Coal Mozambique when he sent an email to the company CEO in January 2012 that contained the phrase "worse by far than expected".
Ex-director of corporate insolvency firm ‘ambushed’ by partner, judge says
A judge has found the former director of Sydney-based insolvency practice CRS Warner Kugel is entitled to compensation after he was "ambushed" out of the firm in 2014.
Class members get nothing in $2.6M bushfire class action settlement
A court has signed off on a $2.6 million settlement in a class action against Endeavour Energy and two other companies over the 2013 Mt Victoria bushfires that will leave class members empty-handed.
Common fund order in CBA class action put on ice
A judge has adjourned an application by law firm Slater & Gordon for a common fund order in a class action against the Commonwealth Bank and its wealth management unit, amid two landmark challenges to the courts' powers to make such orders.
Top lawyer at Woolworths steps down after $1.7B petrol station deal
The top lawyer for Woolworths, who oversaw a lengthy process to offload the grocery giant's petrol business as well as the aftermath of a rocky joint venture with US home improvement store Lowe's, will step down from his position after four years on the job.
Common shapes don’t distinguish Italian meat co.’s trade mark, delegate finds
Italian meat producer A.I.A. has lost its opposition to a trade mark application by competing salumi manufacturer Borgo, with the Registrar of Trade marks finding commonplace geometrical forms in trade marks that also feature a distinctive word are insufficient to distinguish a mark.
ASIC strips AGM of financial services licence
Retail OTC derivative issuer AGM Markets has had its financial services licence canceled, after ASIC found it engaged in unconscionable conduct and failed to manage conflicts of interest.
Westpac hit with $3.3M penalty in BBSW case
Westpac has been ordered to pay a $3.3 million penalty for engaging in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, with a Federal Court judge admitting the fine was "inadequate."
Palmer can’t stop Queensland Nickel liquidators from asking after fugitive nephew
A judge has shot down a bid by Clive Palmer to block the liquidators of Queensland Nickel from making enquiries as to the whereabouts of his fugitive nephew, the sole registered director of the refinery when it collapsed.