A judge has opted for a flat 30 per cent contingency fee instead of a ratchet rate for the law firm that’s running a class action against Mineral Resources, agreeing with another judge that recent losses in shareholder class actions do not justify a higher group costs order.
Mobil Oil has agreed to pay a $16 million penalty after admitting it ran false ads in far North Queensland claiming it was selling a specific brand of fuel with certain benefits, when in fact it was suppling ordinary fuel.
Cosette plans to appeal a ruling that rejected its bid to terminate an agreement to merge with Mayne Pharma, as the US drug company also refuses to agree to conditions needed to win Foreign Investment Review Board approval for the tie-up.
SkyCity has lost its bid to dismiss a claim by a former employee who alleges he was discriminated against because he was a parent of a newborn child and dismissed because he made whistleblower reports.
Wotton Kearney has nabbed a cyber law expert from Colin Biggers & Paisley to join its partnership.
A class action over alleged inflated insurance policy premiums charged by advisers of two Commonwealth Bank wealth management licensees has settled, the second class action over CommInsure to resolve this week.
The applicant in a class action against AMP wants to amend the case five years in and three months out from trial, but a judge has warned he will look dimly on any changes that disrupt the evidence planned for the hearing.
The High Court has put the brakes on a $650 million case by Mercedes-Benz dealers over the car maker’s switch to a fixed-price sales model, despite acknowledging the “important issues” the appeal raised.
The High Court won’t weigh in on a case over strip searches of Qatar Airways passengers, following a mixed ruling that revived claims against the airline but found Qatar’s aviation authority could not be sued.
Mayne Pharma is not walking away from US drug maker Cosette’s proposed takeover without a fight, filing an application with the Takeovers Panel to force Cosette to agree to the conditions needed to win FIRB approval for the $672 million deal.
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