The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank’s systems for assessing money laundering and terrorism financing risk were deficient.
The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.
The former CEO of organic baby food producer Bellamy’s Australia has sued her old employer over $1.2 million in options allegedly owed as part of a long-term financial incentives scheme.
The ACCC has filed a lawsuit against Click Energy for allegedly misleading consumers about possible discounts on their energy bills.
A NSW Supreme Court judge refused Monday to move one of five class actions filed against AMP to Federal Court, and invited law firms for the other four actions to join the case in the state court.
Sportsbet has asked a judge for an emergency order blocking Crownbet’s planned rebranding to “Sportingbet” until the lawsuit it filed over its betting rival’s planned use of the mark has been resolved.
Investors in the failed Gold Coast finance group Octaviar are challenging a decision throwing out their class action, which alleged the Public Trustee of Queensland deserved some of the blame for their massive losses.
The Australian Competition & Consumer Commission’s high profile case alleging cartel conduct and bid rigging for mining exploration licences in NSW was dismissed by the Federal Court on Friday, but the reasons for dismissal may not be known for another year.
Australian drug company Homart Pharmaceuticals has lost an appeal of a ruling that found the packaging of its bio-placenta skin care oil was intentionally and deceptively similar to a rival’s get-up, in breach of the consumer law.
The judge overseeing the lawsuit between Kraft and Bega over peanut butter trade dress rights has denied a request by non-party Mondelez to implement a restrictive regime to protect its trade secrets in certain transaction documents it has produced in the case.