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Judge reserves AMP class action loser costs after Phi Finney McDonald sinks 1,345 hours
Boutique class actions law firm Phi Finney McDonald has won its bid to reserve costs incurred before its case was permanently stayed in the AMP shareholder class action beauty contest, after the firm racked up at least 1,345 hours in “sunk costs”.
Samsung in hot water with ACCC over water resistant claims
The Australian Competition & Consumer Commission has commenced legal action against Samsung Electronics for allegedly making false, misleading and deceptive representations when marketing the water resistant capabilities of its Galaxy smartphones.
Another dispute over Ichthys LNG project may be brewing
The contractor behind the Ichthys LNG project has won court approval to use documents discovered in its lawsuit against Dutch paint manufacturer AkzoNobel for use in any potential dispute with INPEX, the head company behind the liquid natural gas project.
Drunks and prostitutes: Down N’ Out trade mark evokes Sin City, not In-N-Out, court told
Sydney's Down N' Out Burgers has rejected claims that it appropriated the trade mark of US burger chain In-N-Out, telling a court at the close of trial that the founders were inspired by the success of the American company but wanted to evoke the idea of Sin City, not speedy service.
APRA had ‘unhinged hatred’ of IOOF exec, court told
APRA has been accused of harbouring an “unhinged hatred” for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA documents he claims were disparaging of the wealth management company and its executives.
Westpac unit settles class action over Samra Ponzi scheme
Westpac unit BankSA has reached an agreement to settle a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.
In latest AMP class actions, judge nudges parties away from beauty parade
A judge overseeing competing consumer class actions against AMP over superannuation fees said he would be "reluctant" to hold a contest between the two cases, as the applicants in the rival proceedings tell the court they are in talks about possible consolidation.
Ex-Sirtex CEO pleads guilty to insider trading
The former CEO and director of biotech company Sirtex Medical, Gilman Wong, is facing a maximum ten years in prison after pleading guilty to insider trading.
Country Care slams prosecutors for ‘argumentative’, ‘vague’ criminal cartel case
Country Care Group has criticised the DPP for the "argumentative" tone of the notice setting out its criminal cartel case against the mobility equipment provider, and has secured an order for further clarity from prosecutors.
Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought by IT company Computer Sciences Corporation, but has avoided orders compelling him to take the witness stand.