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ASIC bans former NAB advisor for incompetence
Article 2018-06-28 11:40 pm By Christine Caulfield

The Australian Securities and Investments Commission has banned former NAB advisor Graeme Cowper from offering financial services for four years, after an investigation found he was not up to the job.

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Toyota supervisor sacked for ‘benevolent sexism’, FWC says
Article 2018-06-27 11:15 pm By Christine Caulfield Melbourne

A Toyota supervisor’s “overly sexualised” remarks to young female workers were a “blatant form of benevolent sexism”, the Fair Work Commission has found in upholding the car maker’s dismissal of the long-time employee.

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Funder attacks Westpac’s ‘dangerous’ intentions in class action
Allens 2018-06-27 11:10 pm By Miklos Bolza Sydney

Litigation funder JustKapital went on the attack in court on Wednesday, saying Westpac’s objections to the terms of a proposed funding order in a class action against the bank were dangerously suspect.

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ASIC takes AMP to court over insurance policy churn
Article 2018-06-27 10:35 pm By Christine Caulfield Melbourne

AMP’s financial planning unit was hit Wednesday with an enforcement action by the corporate regulator alleging its planners generated extra commissions by replacing, rather than transferring, life insurance policies for existing clients.

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Herbert Smith Freehills wins case over United’s failed IPO
Article 2018-06-26 11:50 pm By Christine Caulfield Melbourne

Herbert Smith Freehills has prevailed in a suit by United Petroleum alleging the law firm and former United chairman Martin Hudson breached their duties to the company when they pulled a planned initial public offering in 2016.

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ACCC takes Pfizer competition case to High Court
Appeals 2018-06-25 3:47 pm By Christine Caulfield Melbourne

The Australian Competition and Consumer Commission is seeking special leave from the High Court to appeal a ruling in a case alleging drug giant Pfizer misused its market power ahead of the expiration of its patent for Lipitor.

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Unlockd’s administrators weigh litigation funding to continue Google case
Article 2018-06-25 12:39 pm By Christine Caulfield Melbourne

Unlockd’s administrators are weighing whether and how to continue the failed company’s legal fight with Google and have won a reprieve from a second meeting of creditors while they consider the options, which include third-party litigation funding.

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Fair Work Ombudsman loses bid for hefty fine in MUA strike case
Article 2018-06-21 11:16 pm By Christine Caulfield Melbourne

The Fair Work Ombudsman lost its argument for $4.1 million in penalties against the CFMMEU for industrial action at shipping terminals in Sydney and Brisbane, with a judge instead fining the union just $38,000.

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Toys ‘R’ Us to close after administrators fail to find buyer
Article 2018-06-20 10:56 pm By Christine Caulfield

Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.

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Domino’s can’t raise Uber patent in battle over GPS tracking
Allens 2018-06-19 10:09 pm By Miklos Bolza Sydney

A judge has served up a loss for Domino’s Pizza in its ongoing IP battle with Australian tech startup Precision Tracking, dismissing the company’s bid to bolster its case with an Uber patent. 

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