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‘More extraordinary by the moment’: Reckitt slams AFT bid to reopen Maxigesic case
Competition & Consumer Protection 2020-06-03 3:46 pm By Miklos Bolza

AFT Pharmaceuticals is seeking to reopen a lawsuit against Reckitt Benckiser over ads for its painkiller Maxigesic after judgment was delivered in the matter, claiming the judge’s declarations contained an error, an argument slammed by Reckitt as “extraordinary”.

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Virgin bidder shortlist down to Bain, Cyrus
Restructuring & Insolvency 2020-06-02 5:24 pm By Christine Caulfield

Virgin Australia’s administrators have whittled down the list of eligible bidders for the struggling airline to two, with investment firm Bain Capital and private equity investor Cyrus Capital Partners the only potential purchasers allowed to make final offers.

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ACCC steps up probe of Qantas’ Alliance stake amid uncertainty for airlines
Competition & Consumer Protection 2020-06-01 12:11 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission said competition by smaller airlines was essential ‘now, more than ever’ as the airline industry undergoes a major upheaval due to the coronavirus and the administration of Virgin Airlines, and vowed to continue its probe of Qantas’ 19.9 per cent stake in Alliance Airlines.

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Sydney lawyer hits Fairfax with defamation lawsuit
Defamation 2020-05-28 10:53 pm By Cat Fredenburgh

A criminal defence lawyer who represented convicted criminal Salim Mehajer has sued Fairfax Media over an article by a Sydney Morning Herald gossip columnist that allegedly implies she breached her oath as a solicitor for being romantically involved with clients.

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Telstra not liable for worker’s 2.30am hip injury on work trip, court finds
Employment 2020-05-28 12:17 pm By Miklos Bolza

A court has dismissed a Telstra worker’s appeal seeking compensation for an injury sustained after a long night out during a work trip, finding that because the injury occurred at 2.30am it “lacked a connection” with her employment with the telecommunications company.

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Boral faces second class action over US windows biz
Class Actions 2020-05-28 8:42 am By Christine Caulfield

Construction giant Boral faces another shareholder class action accused of failing to disclose the financial irregularities of its US windows business.

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AFP won’t lay charges against News Corp journalist Annika Smethurst
Media 2020-05-27 4:53 pm By Christine Caulfield

The Australian Federal Police has dropped its investigation of journalist Annika Smethurst over a series of News Corp articles that allegedly disclosed national security information, a decision applauded by the Law Council of Australia.

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VW carve-out settlement may become more popular as class action scrutiny heats up
Analysis 2020-05-25 8:24 pm By Christine Caulfield

The settlement arrangement resolving five class actions against Volkswagen, which carved out hefty legal fees from the $120 million payout to drivers, could become more prevalent as the spotlight is once again trained on the cost of class actions. But the approach is not without controversy, experts say.

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‘Threat of a heavy sanction’: Shareholder slams opt-out notice in AMP class action
Appeals 2020-05-25 8:15 pm By Miklos Bolza

A proposed notice to eligible group members in Maurice Blackburn’s class action against AMP over its fees for no services scandal threatened to bar unregistered shareholders from any settlement stemming from mediation in the case, a threat barred by a recent ruling finding that courts have no power to close class actions to signed up group members, an appeals court has heard.

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IOOF follow-on shareholder class action flops
Financial Services 2020-05-25 4:13 pm By Christine Caulfield

Eight months after defeating a case brought by the prudential regulator alleging breaches of superannuation laws, wealth manager IOOF has escaped a class action without paying a cent to shareholders.

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