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NAB class action over MySuper put on ice as invalidity ruling challenged
Financial Services 2021-04-22 10:35 pm By Christine Caulfield

A Federal Court class action against two NAB units over $6.3 billion in super funds is on hold after lawyers for the applicant filed an appeal of a ruling that found their state court proceeding had been invalidly commenced.

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Biotech Mesoblast to be hit with class action over COVID-19 treatment disclosures
Class Actions 2021-04-22 9:25 pm By Cindy Cameronne

Australian regenerative medicine company Mesoblast faces a shareholder class action over disclosures related to its Remestemcel-L treatment for COVID-19 complications.

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Ben Roberts-Smith flags ‘serious concerns’ about potential unlawful conduct by Fairfax
Defamation 2021-04-22 5:27 pm By Cindy Cameronne

Ben Roberts-Smith has raised “serious concerns” in his defamation case against Fairfax that the media company may have unlawfully published classified material he allegedly buried in his backyard, with the war veteran asking for an explanation of where it came from.

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COVID-19 lease cancellation test case filed by Sydney bar
COVID-19 2021-04-22 5:17 pm By Miklos Bolza

A shuttered upmarket cocktail bar in Sydney is seeking damages from its former landlord after the termination of its lease agreement during the COVID-19 pandemic forced it to close less than a year after opening its doors.

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ACCC to fight production of JPMorgan witness statements in ANZ cartel case
Competition & Consumer Protection 2021-04-22 5:02 pm By Cat Fredenburgh

The judge who vowed last year to move a criminal cartel case over a $2.5 billion ANZ share placement to trial “before we all retire” will soon weigh the ACCC’s claim for privilege over statements from JPMorgan witnesses it has been accused of pressuring during its investigation, two months after a different judge heard a still unresolved privilege fight in the long-running case.

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Creditors vote to place debt-laden Greensill in liquidation
Restructuring & Insolvency 2021-04-22 3:46 pm By Christine Caulfield

Creditors of Greensill Capital have voted to liquidate the company’s assets after no buyer emerged to rescue the debt-stricken financial services firm.

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AFR apologises to iSignThis as defamation case settles
Defamation 2021-04-22 3:22 pm By Cat Fredenburgh

The publisher of the Australian Financial Review has settled a defamation lawsuit by iSignthis CEO John Karantzis over an article by Rear Window columnist Joe Aston that allegedly falsely linked him to a money laundering scheme.

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‘Just tell us what we did wrong’: KPMG to get more details in Arrium class action
Class Actions 2021-04-21 10:37 pm By Cindy Cameronne

A judge has ordered the applicant in a shareholder class action against former Arrium directors and KPMG over allegedly misleading statements made ahead of Arrium’s $754 million capital raising in 2014 to explain how the amount by which the mining company’s assets were allegedly overvalued was calculated.

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Arnott’s asks court to nuke Goodman Fielder’s ‘Plantry’ frozen foods trade mark
Intellectual Property 2021-04-21 3:46 pm By Miklos Bolza

Food giants Arnott’s and Campbells have hit back in an infringement case over their ‘Plantly’ trade mark, filing a cross-claim that seeks to cancel rival Goodman Fielder’s ‘Plantry’ mark.

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Creditors of LGL Commodities may have case against lawyers, judge says
Restructuring & Insolvency 2021-04-21 3:35 pm By Christine Caulfield

Creditors of LGL Commodities might have a right of action against solicitors for the company’s liquidators for failing to comply with court orders and omitting evidence in a case against a former director, a judge has ruled.

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