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Quintis insurers may have to cough up extra $11.25M in class action settlement
Class Actions 2021-01-28 6:27 pm By Miklos Bolza

A lawsuit seeking to increase D&O insurance for sandalwood producer Quintis in the wake of a class action settlement has fallen short of the $40 million in additional coverage sought, but a Federal Court decision may see a further $11.25 million go to group members.

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Law firm, barrister face negligence trial over client’s loss in $24.5M property spat
Professional Negligence 2021-01-28 4:15 pm By Miklos Bolza

A Melbourne law firm and barrister will soon face trial over allegations of breach of fiduciary duty brought by a former client who lost a lawsuit over a $24.5 million property joint venture.

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Millionaire couple sues developer over artistic rendering of $10M dream home
Real Estate 2021-01-28 4:00 pm By Spencer Fowler Steen

The wealthy owners of a Melbourne shoe manufacturer are taking a unit of property developer JD Group to trial this week, alleging “artist impressions” of a nearly $10 million off-the-plan high rise inner city apartment were misleading and deceptive.

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The top litigation law firms of 2020
Feature 2021-01-27 11:21 pm By Cat Fredenburgh

Lawyerly’s Litigation Firms of 2020 delivered significant victories for clients last year in bet-the-company matters, thriving in a tumultuous year that saw courts and litigants adapt to virtual trials and other new norms that are sure to outlast the COVID-19 pandemic.

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JPMorgan seeks to shield interview docs in ANZ cartel case
Competition & Consumer Protection 2021-01-27 9:21 pm By Spencer Fowler Steen

While a Federal Court judge recently promised to advance a long-running criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement, a separate judge will soon hear a privilege dispute over documents from whistleblower JPMorgan that promises to further delay the case.

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Former NAB chief of staff Rosemary Rogers jailed for eight years for fraud
Financial Services 2021-01-27 5:29 pm By Miklos Bolza

A former high ranking executive from National Australia Bank has been sentenced to eight years in prison for receiving bribes in the form of inflated invoices to the tune of around $5.5 million.

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Elaine Stead awarded $280,000 for AFR’s ‘targeted campaign of offensive mockery’
Defamation 2021-01-27 11:26 am By Miklos Bolza

Venture capitalist Dr Elaine Stead has been awarded $280,000 in her defamation case against the Nine-owned Australian Financial Review after the Federal Court found she suffered hurt and damage to her reputation through a “targeted campaign of offensive mockery” about her role in collapsed investment firm Blue Sky Alternative Investments.

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Merck Sharp & Dohme lodges cross appeal in Prevnar 13 vaccine patent spat
Intellectual Property 2021-01-25 4:33 pm By Christine Caulfield

Drug giant Merck Sharp & Dohme has brought a cross appeal in its long-running intellectual property dispute with Pfizer’s Wyeth over the top selling Prevnar 13 pneumococcal vaccine.

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Law firm accused in $27M suit of making unauthorised payments from client’s trust account
Law Firms 2021-01-25 3:23 pm By Miklos Bolza

A national law firm made $3 million in unauthorised payments from a client’s trust account and derailed a $24.3 million land development opportunity, according to a new lawsuit.

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Shareholder secures access to books for possible class action against Orinoco Gold
Restructuring & Insolvency 2021-01-25 3:13 pm By Christine Caulfield

Collapsed gold producer Orinoco Gold could face a class action after a shareholder won access to a raft of company documents to investigate the prospect of a group proceeding to recover losses.

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