M&A
Mayne can advance damages case against Cosette over $672M merger debacle
US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay.
Social Media
Class action firms mull suits after verdicts against Google, Meta
Two US jury verdicts last week in cases over alleged harms caused to children by social media platforms have spurred plaintiff firms to weigh class actions in Australia.
Competition & Consumer Protection
Mastercard loses appeal of privilege waiver ruling in ACCC’s case
Mastercard has lost its challenge to a ruling requiring it to hand over communications about agreements with retailers in a misuse of market power case brought by the competition regulator.
Employment
ARN flags cross-claim against Kyle Sandilands in $100M contract spat
ARN has flagged it might file a cross-claim against Kyle Sandilands seeking the repayment of his earnings in response to the shock jock's suit challenging its decision to scrap his 10-year $100 million contract with the network.
Competition & Consumer Protection
Wisetech’s Richard White sued by former Kyckr CEO
The ex-CEO of Richard White's anti-money laundering software company Kyckr has accused the Wisetech chair of misleading and deceptive conduct, but a judge has told her to go back to the drawing board and replead her claims.
Privacy & Cybersecurity
AFL ‘worked closely’ with Luke Sayers to exonerate him, court told
The estranged wide of former Carlton president and PwC chief executive officer Luke Sayers says the AFL failed to follow its own protocol in investigating the posting of an explicit image to her husband's X account.
Competition & Consumer Protection
Court strikes out Google ad tech class action’s claims against Alphabet
A judge has struck out claims against Google’s parent company Alphabet in a class action alleging the digital giant abused its dominance in digital advertising, finding they were "ambiguous".
Cryptocurrency
Binance fined $10M for offering ‘risky’ crypto products to retail customers
A judge has slapped defunct crypto firm Binance with a $10 million penalty for misclassifying around 500 retail customers as eligible to invest in risky derivatives intended for sophisticated investors.
Competition & Consumer Protection
$100M penalties for petrol price misconduct as war’s oil shock bites
Parliament has rushed through legislation doubling penalties against petrol companies for pricing misconduct to $100 million, as prices skyrocket due to the ongoing conflict in the Middle East.
Business of Law
Johnson Winter Slattery snags Baker McKenzie M&A partner
A Baker McKenzie partner specialising in M&A and private equity has made the jump to Johnson Winter Slattery.
