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Insurers ‘can’t say’ if they will cover Blue Sky class action claims
Arnold Bloch Leibler 2023-06-09 9:17 pm By Cindy Cameronne Sydney

A judge has avoided a fight “with the High Court written all over it” over whether an investor class action against Blue Sky Alternative Investments and auditor EY can join four insurers to the case.

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Seven loses stoush with 7-Eleven over ‘7NOW’ trade mark
7-Eleven 2023-06-08 11:38 pm By Gareth Baker Sydney

Seven Network has lost its effort to stop convenience chain 7-Eleven from using a contested logo even though Seven had registered the trade mark first, with a court finding the broadcaster sat on the mark for too long before using it. 

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Declassing orders must be ‘all or nothing’, court told in breast implants class action
Anthony McInerney 2023-06-08 11:25 pm By Cindy Cameronne Sydney

A declassing bid by nine doctors in a class action on behalf of women allegedly injured by a one-size-fits-all approach to breast implant surgeries must apply to the entire proceeding, not just the claims against them, a court has heard.

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Clive Palmer can’t quash CITIC subpoenas over sale of nickel refinery in $1.8B case
Allens 2023-06-07 11:56 pm By Gareth Baker Sydney

Mining magnate Clive Palmer and his company Mineralogy have lost a bid to block subpoenas asking their advisors to hand over information regarding the sale of Townville’s Yabulu nickel and cobalt refinery, as part of a $1.8 billion fight over the value of the site.   

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ATO denies telling tax board to wind back PwC leak inquiry
Accounting 2023-06-07 11:30 pm By Cindy Cameronne Sydney

A report alleging that the ATO asked the Tax Practitioner Board to curtail its investigation of a PwC tax leaks scandal was “fundamentally misleading”, a senior tax official has said.

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Destination High Court as law firm lodges fourth Downer EDI class action
Class Actions 2023-06-07 11:23 pm By Sam Matthews Melbourne

Multiple class actions against Downer EDI over accounting irregularities might be bound for the High Court as complex legal questions swirl, a judge said on Wednesday.

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Hyundai, Kia can’t inspect vehicles at centre of class actions
Ashurst 2023-06-07 11:11 pm By Sam Matthews Melbourne

A judge overseeing class actions against car makers Hyundai and Kia over alleged engine defects has dismissed the carmakers’ bid to inspect the lead applicants’ vehicles before defences are filed in the proceedings.

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KPMG admits ‘painful’ mistakes, condemns PwC scandal
Accounting 2023-06-07 11:06 pm By Cindy Cameronne Sydney

Executives from KPMG have condemned the PwC tax breach scandal as ‘disturbing’ and admitted past mistakes after the firm was rocked by an exam cheating scandal.

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ANZ lashes rival’s ‘distorted’ arguments in final push for $4.9B Suncorp deal
ACCC 2023-06-07 5:05 pm By Gareth Baker Sydney

ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” of the proposal.

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CBA hit with $3.55M penalty for ‘alarming’ spam breaches
ACMA 2023-06-07 4:58 pm By Gareth Baker Sydney

Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.

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