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Novartis has launched an appeal following a ruling by IP Australia that a proposed patent for an oral form of its top-selling multiple sclerosis drug Gilenya is invalid for lack of inventive step.
An investor who successfully objected to an initial settlement of four class actions over the failed Willmott Forests managed investment scheme lost a bid to have his legal costs paid by the defendants, with a judge saying the objections were not the primary basis for his refusal to sign off on the agreement.
Westpac unit BankSA is in talks to resolve a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.
Electronics giant LG should pay a $700,000 fine for twice breaching the Australian Consumer Law when its offshore call centre workers misled customers complaining about faulty television sets that they had no rights to a repair, replacement or refund under the law, a court has been told.
A judge has allowed the applicant in a class action over allegedly dangerous combustible cladding to sue a German-based cladding manufacturer, saying there was a prima facie case the company violated the Australian Consumer Law.
Allowing Vodafone's proposed $15 billion merger with TPG to go ahead if there were a real chance that TPG could seriously compete in the market for mobile services would have "profound social consequences," the competition watchdog told the Federal Court Friday as it unsuccessfully sought to push back a hearing over the deal.
In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.
An appeals court has ordered a phosphate mining company owned by mining magnate Joseph Gutnik to pay back more than $225,000 owed to the Queensland state government or face immediate liquidation, accusing the company of showing a "cavalier attitude" towards earlier orders made by the court.
The government has won a victory following a lengthy trial in a class action brought on behalf of businesses alleging they were harmed when the Rudd Government cancelled a program that subsidised home insulation installations during the economic downturn.
Piper Alderman has urged a judge to excuse its “obviously accidental” breach of legal profession costs regulations in its Discovery Metals investor class action against KPMG, warning that group members could suffer detriment if its $3.5 million legal bill was not approved quickly.