A Sydney law firm has filed a class action accusing private equity-owned medical device maker Exactech of supplying faulty joint implants that were subject to deterioration due to a packaging defect, caused serious medical complications in patients.
Over objections from the ACCC, a judge has struck out the regulator’s entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.
The peak body for community legal centres has flagged a declassing application in a group proceeding alleging Knowmore Legal Service provided negligent, “cookie cutter” advice to survivors of institutional child sexual abuse.
A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.
ANZ has argued a sacked trader’s bid for discovery has turned into a “roving commission” of the bank’s culture in a lawsuit alleging the trader was terminated for complaining about the bank’s manipulation of the bank bill swap rate.
Whitehaven Coal has struck back at a class action led by the father of famed mining investor Nathan Tinkler, calling the claims that it failed to fulfil an implied term of a $150 million share subscription from 2012 “fanciful”.
Consulting giant Accenture has failed to keep a human resources executive’s claims of Fair Work breaches out of the public eye, with a court finding prior publication of the allegations would render a suppression order pointless.
Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.
The Kingdom of Spain must pay $56,000 in security to bring its challenge in a long-running dispute over whether it must pay a $200 million arbitral award to two renewable energy investors.
A managing associate at Allens who specialises in regulatory investigations and financial crime is joining the Corrs Chambers Westgarth partnership as a member of its investigations and inquiries practice group.