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Drug ingredient maker Alkaloids faces $30M penalty for ‘actively policing’ cartel
Competition & Consumer Protection 2022-09-05 11:32 pm By Cindy Cameronne

Pharmaceutical ingredient producer Alkaloids of Australia is facing a maximum $30 million penalty but has argued it should pay less than $1 million after pleading guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.

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Full Court upholds class action waiver in Ruby Princess case
COVID-19 2022-09-02 9:42 am By Cindy Cameronne

The Full Federal Court has thrown out a decision that found foreign passengers could join a class action against cruise operator Carnival PLC over the 2020 COVID-19 outbreak aboard the Ruby Princess, finding a class action waiver was not unfair.

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Class action funder must indemnify Virgin despite ‘nonsensical’ agreement
Class Actions 2022-09-02 10:14 pm By Cindy Cameronne

A judge has ruled that a litigation funder for an investor class action against Virgin must give the airline an indemnity to bring proceedings despite finding a deed of company arrangement requiring the pay-out “didn’t make sense”.

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High Court Chief Justice says Bar ‘pays a price’ for more female judges
Business of Law 2022-09-01 4:32 pm By Cindy Cameronne

Chief Justice Susan Kiefel has decried the low number of women barristers appearing in the High Court, questioning whether there is a “price” to pay for state and federal policies focused on appointing more female judges.

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Perth Airport accuses Airservices Australia of PFAS contamination
Professional Negligence 2022-09-01 9:18 pm By Cindy Cameronne

The operator of Perth Airport has sued government-owned Airservices Australia for allegedly contaminating the airport’s groundwater, which flows into the Swan River, through the use of toxic firefighting foam.

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G&S can’t shield emails about legal advice in suit over Mount Pleasant coal mine
Business of Law 2022-09-01 2:47 pm By Cindy Cameronne

Engineering services firm G&S has lost a bid to shield emails about “the need to obtain legal advice” in a $270 million dispute with the operator of a NSW open-cut coal mine.

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Dick Smith directors owe $11.8M in damages after receivers win appeal
Restructuring & Insolvency 2022-08-29 1:38 pm By Cindy Cameronne

An appeals court has found that two former executives of collapsed electronics retailer Dick Smith should pay the company’s receivers $11.8 million in damages for approving a dividend payment the company could not afford.

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Pitcher Partners gave bad advice on $2.5M Zap Fitness share buy-back: suit
Accounting 2022-08-29 11:29 pm By Cindy Cameronne

The former owner of fitness franchise Zap Fitness has sued accounting firm Pitcher Partners, claiming it failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.

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Forum Finance judge recuses himself after questioning director’s credibility
Legal Ethics 2022-08-19 9:51 pm By Cindy Cameronne

A Federal Court judge has recused himself from hearing a fraud trial against Forum Finance, after expressing that he had an “unfavourable” impression of director Vince Tesoriero’s reliability as a witness.

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‘Concerned’ judge wants answers from AMP on remediation program
Financial Services 2022-08-19 11:05 pm By Cindy Cameronne

A judge has raised concerns that AMP Financial Planning has not compensated customers for allegedly failing to prevent life insurance churning, directing the firm to explain the “vanishingly small” number of people who have been remediated.

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