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A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.
Construction PRO
Highrise fitout company Starline Interiors has persuaded a court to return a $1.5 million payment dispute to an adjudicator, whose earlier decision against the head contractor on a luxury Gold Coast tower was declared void.
ASIC has filed proceedings against Auto & General, alleging tens of thousands of Budget Direct customers lost discounts they were promised and were overcharged premiums for several years.
Bayer and Teva have lost their challenge to Indian drug maker Cipla’s extension of its patent for an allergy medication, with IP Australia finding a failure to pay renewal fees on time was due to a genuine error.
Coles has told a court that its decision to change its discount policies was unsurprising during a period of significant inflation, denying claims by the ACCC that its ‘Down Down’ promotions were misleading.
AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard.
Construction PRO
A judge has struck out sections of natural gas exporter Australia Pacific LNG’s defence in Tri-Star’s long-running case over coal seam gas fields in Queensland, which centres on a $7.6 billion share sale to ConocoPhillips.
Coles increased prices on hundreds of products only as part of a plan to later mark them with a ‘Down Down’ promotion, despite the price being lower only weeks before, the ACCC has argued.
A law firm has lost its bid to stay a silk's case alleging he is owed a $280,400 cancellation fee for a class action in Queensland that was settled a month before trial.
McDonald’s has lost its bid to send a notice to group members foreshadowing its intention to apply for soft class closure in a representative case on behalf of 350,000 workers who were allegedly denied rest breaks.