A judge has allowed two law firms to jointly run a consolidated shareholder class action against dairy company a2 Milk, saying the arrangement was in the interests of group members and was “not novel”.
Six judges made this year’s Queen’s Birthday Honours List for their service to the law and the judiciary.
The law firm that’s running a shareholder class action against payment processing company EML will seek a group costs order for a 30 per cent cut of the suit’s proceeds.
Toyota has lodged an appeal of a judgment that could see it owe around $2 billion to 260,000 car owners for selling vehicles with defective diesel filters for more than they were worth.
Tiwi Islanders have filed a Federal Court challenge to the Barossa offshore gas project, alleging they were not properly consulted about the project, which they say would harm their culture and way of life.
Gilbert + Tobin has wooed a corporate partner from Squire Patton Boggs with significant experience advising on transactions involving heavy hitters in the natural resources sector, including working on a US$15.2 billion rights issue by Rio Tinto.
Mills Oakley has poached a leading employment law partner from King & Wood Mallesons for its growing workplace relations team.
Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.
Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleading shareholders about it Remestemcel-L treatment for COVID-19 complications.
Philips Electronics has been fined $133,200 for failing to provide timely notice to the country’s health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.