Allianz Australia and its travel insurance unit AWP Australia have been hit with $1.5 million in penalties in ASIC’s case alleging the insurance companies misled customers while selling travel insurance on Expedia websites.
Avant Insurance has launched an appeal of a Federal Court judgment ordering it to cover the defence costs of a surgeon facing a class action by breast implant patients of defunct clinic the Cosmetic Institute.
Eight major banks, including Credit Suisse, Deutsche Bank and Citicorp, are facing a lawsuit for withdrawing financial support for a project to build and launch the first independently owned satellite in Australia.
Monster Energy has instituted court proceedings against PepsiCo after failing to block the beverage giant from registering the ‘Monster Munch’ trade mark for the iconic British kids corn snack in Australia.
A judge has lit a fire under the Hells Angels Motorcycle Corporation, giving the motorcycle club just one day to formally amend its trade mark infringement case against RedBubble and vowing to bring the case to trial by November 2, “come hell or high water”.
The former CEO of Advanced Energy Minerals, which specialises in mining high purity alumina to be used in high-demand products like lithium-ion batteries and LED lights, is planning to file a derivative lawsuit accusing the company of oppressive conduct.
Lockdown orders by the Victorian government and an international travel ban in place last year during the first wave of COVID-19 did not trigger a business interruption clause in an IAG policy at the centre of a test case brought by insurers, a judge heard Monday.
Accounting giant PricewaterhouseCoopers used one of its legally qualified partners as a “postbox” to provide a “cloak of privilege” to work conducted for meat processing company JBS, the Commissioner of Taxation has told the Federal Court.
An IOOF unit accused of failing to protect its clients against cybersecurity risks has slammed ASIC’s claims in the novel case, describing the regulator’s further amended statement of claim as “grossly unfair” and “completely incoherent”.
Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.