High-ranking bank officials, including the former CEOs of Citigroup and Deutsche Bank in Australia, are among the executives charged over a cartel involving a $2.5 billion ANZ institutional share placement.
The judge overseeing a competition case against Google by mobile advertising startup Unlockd has extended a temporary injunction to the search engine giant’s US arm.
The fate of class actions against Volkswagen in the sprawling Australian case over the car maker’s diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.
Pharmaceutical giant Wyeth’s has launched an “ambush” at the beginning of a trial after a nine-year long battle against several generic drug makers, alleging infringement of a second patent for its blockbuster Effexor-XR, a judge heard Monday.
Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action.
Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.
A decade-long courtroom battle over a patent for Effexor-XR that delayed the release of cheap versions of the anti-depressant is at the centre of a trial starting Monday in Sydney pitting four generic drug makers against pharmaceutical giant Wyeth.
The ACCC rejected a $3 million settlement offer in a high-profile case against the Construction, Forestry, Mining, and Energy Union over secondary boycotts, instead taking its chances in a trial that ultimately resulted in a penalty of just $1 million, according to a judgment published Friday.
Unlockd’s case against Google is the first action in Australia to test a revamped law prohibiting misuse of market power, and one of the first private cases in the world to challenge Google’s dominance in court. For both sides, the stakes couldn’t be higher.
ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.