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Murray Goulburn sues insurer for $8.85M to recover class action costs
Dairy cooperative Murray Goulburn has launched proceedings against AIG Australia seeking to recover 20 per cent of a $42 million class action settlement it paid, plus the legal costs of defending two class actions.
Pershing pleads guilty to mishandling client funds in first criminal case of its kind
The Australian arm of global financial solutions provider Pershing faces sentencing after pleading guilty to criminal offences of mishandling client funds.
ACCC dodges indemnity costs over failed detergent cartel appeal
Personal healthcare giant PZ Cussons has lost its bid for indemnity costs against the ACCC, after claiming that the regulator was "doomed to fail" when it appealed a judgment dismissing its case over an alleged laundry detergent cartel.
ACCC loses appeal over $205M Pacific National, Aurizon terminal deal
The ACCC has come up short in its appeal of a ruling that dismissed its challenge to Pacific National $205 million acquisition of Aurizon's Acacia Ridge Terminal in Queensland, with the Full Federal Court also releasing Pacific National from an undertaking given to the court.
Landmark shareholder class action against Myer dismissed
A closely watched shareholder class action against Myer over an inflated profit forecast from former CEO Bernie Brookes has been dropped, after a court found the retail giant misled shareholders but that they suffered no harm.
Ashurst partner faces eviction from Point Piper home
An Ashurst partner is at risk of being evicted from his Point Piper home after allegedly refusing to pay a $150,000 special levy.
US plaintiffs firms set to pounce on Treasury Wine Estates
Treasury Wine Estates is facing the threat of multiple shareholder class actions in the US over a January 2020 profit downgrade that is already  at the centre of two class actions filed in Australia.
Vocus ruling cements return to class action book building by funders
A decision this week rejecting a proposed common fund order at the settlement approval stage of a class action against teleco Vocus has dashed the hopes of litigation funders that a recent High Court ruling would not foreclose on judges using discretion at the end of a case and will cement a return to bookbuilding and a focus on shareholder class actions by institutional investors.
Government’s draft COVIDSafe bill makes misuse of data a criminal offence
The Federal Government has released draft legislation laying down protections for those using the COVIDSafe app which include criminal offences for the misuse of data and options for individuals to lodge complaints with the privacy commissioner.
Hytera witnesses may travel to Hong Kong to be cross-examined at Motorola IP trial
Chinese-based witnesses for Hytera may be able to travel to Hong Kong for cross-examination in a now rescheduled copyright trial between Motorola and Hytera, after Chinese law and the ongoing COVID-19 health crisis forced the court to vacate the hearing, initially due to start this week.