Mallesons is going toe-to-toe with G+T over stripes. It’s acting for Adidas, which has sued White Fox Boutique, the $1bn fashion label born on eBay, for trade mark infringement in the Federal Court. The exact claim is under wraps, but people think it will centre on White Fox designs with stripes: Point Blank

⚖️ Corporate: Australian annual reports keep getting longer, with some now topping 400 pages. Meanwhile, the UK is consulting on a major cleanup of its corporate reporting rules. Ideas on the table include fewer disclosure and audit requirements for mid-sized companies, moving static information online, and scrapping the shareholder vote on remuneration reports. That last one will resonate here, where companies and advisers have long argued the two strikes rule isn't working. With the Productivity Commission already reviewing non-financial reporting, Mallesons says Australia should follow the UK's lead and take a look at simplifying reporting: Mallesons

⚖️ Employment: The Full Federal Court has dismissed an appeal in Totino v Metro Trains Melbourne, confirming a show cause letter proposing termination isn’t a “threat” under s 342(2) of the Fair Work Act. A senior manager, sacked after a long medical absence, argued the letter was adverse action. A threat needs an intimidatory purpose, like using dismissal to pressure someone into something they aren’t obliged to do. Inviting a response before a final decision is information, not intimidation. Metro Trains also discharged its reverse onus without calling its in-house IR adviser, because the decision-makers gave evidence and formed their own views. Advisers don’t need to take the stand unless they made a “significant contribution”: Federal Court of Australia

⚖️ Consumer: Furniture retailer James Lane and play equipment seller Vuly have paid a combined $59.4k in ACCC infringement notices over Black Friday sales that didn’t actually end. James Lane told shoppers “Sale ends today!” despite deciding in advance to extend the discount another week. Vuly ran countdown timers that simply reset once they hit zero. The ACCC alleges both created a false sense of urgency that discouraged consumers from shopping around. With Black Friday weeks away and misleading pricing a stated enforcement priority, retailers should audit campaigns now: ACCC

A Flydubai pilot allegedly stabbed his co-pilot mid-flight from Dubai to Tel Aviv, then tried to crash the plane. The injured captain, Smit Machchhar, opened the cockpit door so passengers could overpower the attacker. The plane landed safely in Saudi Arabia with 170+ on board. The motive is still unknown: BBC

Australia is now the third most targeted country by North Korean hackers, per Microsoft’s latest Digital Defense Report. Overall, we copped 1.5% of global cyber threats, well behind hotspots like Israel (7.6%), Ukraine (4.8%) and Taiwan (3.9%): Capital Brief

📉 Global M&A is cooling. Per Mergermarket, North American dealmaking fell 23% to US$560bn in Q3, with just 6 compared with 19 in Q2, as Middle East conflict, rising borrowing costs and fragile AI sentiment bite. Still, 2026 is on track for the second-biggest M&A year ever, with global volumes up 27% to US$4.44tn: WSJ

⛏️ Lynas Rare Earths has inked a $968m all-scrip scheme for Meteoric Resources and its Caldeira project in Brazil, the largest known rare earths reserve outside China. Mallesons is advising Lynas, while Allens is in Meteoric’s corner: LYC, AFR

💵 Firmus has priced its IPO at $11 a share, valuing the data centre developer at roughly $44bn. Orders are already above its US$5bn target raise, with the bookbuild kicking off Tuesday: Capital Brief