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Macquarie Bank hit with $10M penalty over financial adviser’s theft
Financial Services 2024-04-19 3:10 pm By Cindy Cameronne

 Macquarie Bank has agreed to pay a $10 million fine in proceedings brought ASIC after the bank admitted that it failed to monitor third-party withdrawals, resulting in a financial adviser’s theft of $2.9 million.

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Judge OKs $16M Dixon Advisory class action settlement, awards competing funder a sliver
Class Actions 2024-04-18 3:14 pm By Cindy Cameronne

A judge has signed off on a $16 million settlement in a class action against Dixon Advisory, but the funder of a competing case that was stayed after losing a beauty parade has earned a fragment of the $1 million it sought from the resolution sum.

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After 7 years of litigation, patent for blockbuster sleep drug Circadin found valid
Intellectual Property 2024-04-18 11:21 pm By Sam Matthews

After a seven-year legal battle, a court has upheld the validity of Neurim Pharmaceutical’s patent for insomnia drug Circadin and ruled two generic drug companies infringed the intellectual property.

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High Court to decide if new duty of care for NSW builders is apportionable
Construction 2024-04-18 11:03 pm By Sam Matthews

The High Court is set to weigh in on a challenge to a precedent-setting decision that found breaches of statutory duty under a provision of the Design and Building Practitioners Act are not apportionable, in a case with significant ramifications for the NSW construction industry.

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Acciona hit with second suit over $511M waste-to-energy plant
Construction 2024-04-18 2:37 pm By Sam Matthews

The entity in charge of a $511 million waste-to-energy plant south of Perth has filed a second lawsuit against Acciona, accusing the Spanish infrastructure giant of withholding $38.6 million in bank guarantees to use as leverage in unrelated disputes about the troubled project.

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GLAD trash bags maker taken to court by ACCC for ‘50% ocean plastic’ claims
Greenwashing 2024-04-18 11:51 pm By Andy Sidler

Clorox has been taken to court for alleged greenwashing, with the ACCC claiming the consumer goods giant misled customers into believing that a line of its GLAD trash bags were sourced from plastic recycled from the ocean.

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Not ‘plainly wrong’: NSW appeals court sticks to guns on class closure
Class Actions 2024-04-17 1:12 pm By Cindy Cameronne

The NSW Court of Appeal has said it has no power to exclude group members who do not sign up to a class action from participating in a settlement, upholding a controversial decision that the Full Federal Court said was “plainly wrong”. 

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Court OKs BHP’s coal mine extension, accepts ruling will ‘dismay’ climate change activists
Energy & Natural Resources 2024-04-17 11:50 pm By Sam Matthews

A court has given the green light to BHP’s bid to extend a Queensland coal mine over the objections of an environmental lobby group, saying the court’s acceptance of climate change did not mean it would reject all applications for fossil fuel projects.

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Sydney lawyer’s defamation claims don’t pass serious harm test, appeals court finds
Defamation 2024-04-17 4:27 pm By Andy Sidler

The Full Court has clarified that a prior bad reputation is relevant to determining whether a defamation plaintiff has suffered serious harm, tossing an appeal by a Sydney lawyer who lost her case over an article related to her conviction for an alleged $16,000 scam at David Jones, which was later overturned.

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Surgeons to pay $25M to settle breast implants class action
Class Actions 2024-04-16 10:58 pm By Sam Matthews

A group of surgeons who worked for The Cosmetic Institute are set to pay $25 million to settle a class action brought on behalf of 13,500 patients who claim they were injured by botched breast augmentation surgery.

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