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Full Federal Court gets chance to weigh in on market-based causation
Shareholders have appealed a ruling that found a "serious problem" with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Arrium liquidators can’t stop shareholders from grilling exec for possible class action
Shareholders of collapsed steel and mining giant Arrium have won the OK to question a one-time director over possible class action claims that former officers misled the market and that auditor KPMG was negligent in preparing a healthy financial report just two years before the company went under.
Qube slaps Port of Newcastle with misuse of market power suit
Qube has filed a misuse of market power case against the operator of the Port of Newcastle for allegedly forcing the logistics giant to pay for equipment it needs to provide dry bulk unloading services at the port.
Dymocks unit sued for ‘flagrant’ trade mark infringement by private equity fund
An educational service provider owned by national bookstore chain Dymocks has been sued for "flagrant" trade mark infringement by a tech-focused private equity fund.
NAB reaches $49.5M settlement in ‘junk’ insurance class action
The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.
AUSTRAC sues Westpac for ‘systemic’ money laundering failures
Westpac has been hit with a lawsuit by AUSTRAC for its alleged "systemic" failure to comply with anti-money laundering and counter terrorism finance laws.
Sobering moment: D’Aquino Bros barred from labeling booze as Scotch
Australian liquor retailer D'Aquino Bros has settled a trade mark infringement lawsuit brought by the UK's Scotch Whisky Association, after agreeing to injunctions barring it from peddling its brew as Scotch.
Google’s Fitbit buy creates ‘uncertain world’ for consumers, ACCC says
Google's promise to shield users' health data after its planned $3 billion acquisition of fitness tech company Fitbit should be taken with a grain of salt, ACCC chairman Rod Sims said Tuesday.
NAB manager sentenced over home loan fraud
A former National Australia Bank branch manager has been sentenced to a year of home detention for engaging in fraud in relation to the bank's scandal-ridden Introducer home loan program.
Ex-Clime Capital exec says he was sacked for complaints about conflicts
Wealth management company Clime Capital and its CEO have been sued by a former chief investment officer who claims he was fired after complaining about a conflict of interest within the firm.