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Aussie honey producers triumph in trans-Tasman tussle over manuka honey rights
Consumer Goods 2023-05-22 10:11 pm By Gareth Baker

New Zealand honey producers have failed in a lengthy fight with their Aussie counterparts to trade mark the term ‘manuka honey’, with the Intellectual Property Office of New Zealand ruling the phrase is merely descriptive of a type of honey.

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‘Extraordinary unhappiness’ with $300M J&J pelvic mesh settlement, court hears
Alec Leopold 2023-05-19 3:08 pm By Sam Matthews

A contradictor in two pelvic mesh class actions against Johnson & Johnson and unit Ethicon has told the court of the “extraordinary amount of group member unhappiness” following approval of a $300 million settlement – the largest in the history of Australian product liability group proceedings.

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AMP hit with $24M penalty for ‘unconscionable’ practice of charging dead customers
AMP 2023-05-19 12:16 pm By Christine Caulfield

A judge has ordered two AMP units to pay a total of $24 million after finding the wealth manager acted unconscionably in charging insurance premiums and advice fees to deceased customers.

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NAB flags attack on landmark union case alleging ‘systemic, deliberate understaffing’
Employment 2023-05-19 11:49 pm By Gareth Baker

The National Australia Bank has flagged a potential strike-out bid against a landmark case by the Finance Sector Union alleging bank managers were required to work unreasonable unpaid hours for years. 

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Higgins’ speech in public interest, ABC says in Lehrmann defamation suit
ABC 2023-05-19 2:50 pm By Sam Matthews

The ABC is relying on a new statutory public interest defence in a defamation case brought by accused rapist Bruce Lehrmann over its coverage of a National Press Club speech by his accuser, former Liberal staffer Brittany Higgins.

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Nine drops truth defence in defamation case by Euro Pacific Bank chief
Dauid Sibtain 2023-05-19 3:52 pm By Christine Caulfield

Nine has abandoned its truth defence in a case brought by Euro Pacific CEO Peter Schiff over a 60 Minutes report on an international tax evasion investigation, and the bank boss is entitled to judgment in his favour, a court has heard.

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MLC ordered to pay $10M penalty for ‘serious failure’
Alexander Di Stefano 2023-05-18 1:35 pm By Sam Matthews

A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.

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TPG-backed company fleeced in major scam tied to $1B climate deal, court told
Energy & Natural Resources 2023-05-18 11:00 pm By Cindy Cameronne

TPG-owned Anew Climate has sued an Australian company that allegedly impersonated a US carbon offset developer by using “bogus” emails to unlawfully receive payments under a $968 million (US$640 million) investment deal, a court has heard.

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Judge orders discovery of legal advice in spat over $45B Ichthys LNG project
Clayton Utz 2023-05-18 11:49 pm By Sam Matthews

A judge has ordered contractor JKC Australia to hand over legal advice relating to a settlement deed it entered with Japanese oil company Inpex in 2021, as it seeks to hold Dutch paint company AkzoNobel NV responsible for its “significant” potential liability under the settlement.

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ANZ to cop penalty in ASIC case over cash advance fees
ASIC 2023-05-18 4:14 pm By Christine Caulfield

ANZ will no longer contest liability at trial in a case by the regulator over more than $10 million in cash advance fees charged to the credit card accounts of hundreds of thousands of customers.

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