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Crown sues NSW government to protect Sydney harbour views
Article 2018-08-09 2:57 pm By Christine Caulfield Melbourne

Crown Resorts is taking the NSW government to court over development at central Barangaroo that threatens to block its views of Sydney Harbour Bridge and the Opera House.

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Iluka Resources says shareholders didn’t read the fine print
ACA Lawyers 2018-08-09 11:25 am By Cat Fredenburgh Melbourne

Iluka Resources has shot back at claims in a shareholder class action that it made misleading statements about projected sales volumes, saying the statements were accompanied by extensive disclaimers about its ability to predict future sales.

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Fitch class action can probe rosy ratings of Sigma Finance
Article 2018-08-08 10:50 pm By Miklos Bolza Sydney

The lead applicant in an investor class action against Fitch Ratings will get its hands on internal reports detailing why the agency assigned a Triple A rating to Sigma Finance Corporation ahead of its 2008 collapse, and whether it could have predicted the fall of the $27 billion investment fund. 

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Penfolds maker goes to court over ‘wine in a can’ patents
Consumer Goods 2018-08-08 9:04 pm By Miklos Bolza Sydney

Treasury Wine Estates has gone on the offensive in an intellectual property dispute with Melbourne-based “wine in a can” maker Barokes, launching court proceedings alleging the company’s patents are invalid and claiming it made “unjustified threats” against the Penfolds maker.

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Potato wholesaler rejects ACCC’s ‘egregious’ contracts case
Agriculture 2018-08-08 8:03 pm By Miklos Bolza Sydney

Australia’s largest potato wholesaler Mitolo Group has hit back at allegations by the ACCC that its contracts with growers were unfair, telling a court the terms were open to negotiation and were necessary to protect the company’s intellectual property.

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Myer stayed silent after CEO’s ‘cloud cuckoo land’ forecast, court told
Class Actions 2018-08-08 3:03 pm By Christine Caulfield Melbourne

Myer had an obligation to correct remarks by former CEO Bernie Brookes in 2014 that the department store expected increased profits the following year, because there was no reasonable basis for the statement, a court heard Wednesday at the start of trial in a shareholder class action alleging the company breached its disclosure obligations to the market.

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Eclipx may face shareholder class action
Bannister Law 2018-08-08 9:42 am By Cat Fredenburgh

Eclipx group is looking at a possible shareholder class action following recent drops in its share price after it disclosed that its published profit growth forecasts need to be revised downwards.

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Full Court questions restraint against class action lawyers
Appeals 2018-08-07 10:21 pm By Miklos Bolza Sydney

The Full Federal Court expressed doubts Tuesday about an “unusual” and “heavy handed” order restraining lawyers leading the stayed class actions against GetSwift from advising their clients about whether to opt out of the prevailing action.

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Westpac dodges ASIC bid for rogue trader chatter
Allens 2018-08-07 9:46 pm By Christine Caulfield Melbourne

The corporate watchdog can’t get its hands on documents detailing Westpac’s disciplinary measures against rogue traders or communications between the employees ahead of a penalty hearing in a case that found the bank attempted to influence the Bank Bill Swap Rate.

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Aristocrat mulls misleading conduct case against Ainsworth
Entertainment 2018-08-07 9:27 pm By Miklos Bolza Sydney

Gaming giant Aristocrat Technologies is seeking further documents from rival Ainsworth Game Technology to weigh misleading conduct and passing off claims as it mounts a potential copyright and consumer law case.

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