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SMBC sues Humm for $34M in worthless receivables linked to Forum Finance
Competition & Consumer Protection 2022-07-21 9:50 pm By Cindy Cameronne

Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.

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No whey: IP Australia sides with Fonterra in rejecting protein patent
David Larish 2022-07-21 9:13 pm By Sam Matthews

IP Australia has rejected the patent application of Scandinavian dairy giant Arla Foods amba, finding its high-protein whey-based yoghurt invention lacked an inventive step.

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Zurich loses bid to shut down NZ apartments class action
Australian Government Solicitor 2022-07-21 1:40 pm By Cindy Cameronne

Irish insurer Zurich Insurance has lost its appeal seeking to shut down a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block.

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Crypto class action can’t have ‘luxury of litigating’ without costs, judge says
Benjamin Kidston 2022-07-21 1:03 pm By Sam Matthews

A judge has ordered the lead applicants in an unfunded class action against the Southport-based issuer of Qoin to cough up $750,000 in security, despite hearing submissions that the costs order would kill the case.

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Epoch Capital accuses analyst of taking confidential info
Andre Zahra 2022-07-20 11:56 pm By Cindy Cameronne

Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.

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Logistics company drivers are independent contractors, Federal Court finds
Christopher Murdoch 2022-07-20 3:53 pm By Cindy Cameronne

A judge has found four drivers working with transport company Avert Logistics are independent contractors despite the business supplying vehicles for them.

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Funder wants $13.2M commission from confidential Opal Tower class action settlement
Alexander Barnett 2022-07-20 1:06 pm By Christine Caulfield

Although the settlement sum has not been disclosed, court documents in the Opal Tower class action reveal the litigation funder backing the case will seek $13.2 million in commission when the parties appear before the court later this year.

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Forum Finance director to get $1.25M for legal funds, despite ‘Byzantine’ financials
Allens 2022-07-20 10:35 am By Sam Matthews

Bill Papas’ business partner Vince Tesoriero has won the release of $1.25 million to pay for his legal fees in Westpac’s fraud case against him, despite a judge’s finding that disclosure concerning his true financial position was “less than ideal” and included “staggering” discrepancies.

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Redbubble found liable again for infringing Hells Angels trade marks
Allens 2022-07-19 11:08 pm By Christine Caulfield

T-shirts and face masks sold on Redbubble violate Hells Angels’ trademarks, a judge has found, banning the online marketplace from further sales of infringing products and awarding damages to the motorcycle group.

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Ben Roberts-Smith witnesses had ‘powerful motive to lie’, Fairfax says
Arthur Moses 2022-07-19 8:25 pm By Cindy Cameronne

Soldiers who took the stand for Ben Roberts-Smith in his defamation case against Fairfax colluded on the evidence they gave of key events, counsel for Fairfax has told a judge as a long-running trial comes to a close.

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