Two Commonwealth Bank subsidiaries have entered an agreement with ASIC to pay $3 million for failing to provide annual reviews to customers that paid for the service, adding to the $88 million they have already paid out to 31,500 affected customers.
A BHP subsidiary has won a reprieve pending appeal of a Fair Work Commission decision that found it acted unreasonably when it failed to consider alternative work for an incapacitated miner.
The maker of the anti-depressant Lexapro faced off Monday against Apotex, Aspen Pharma and Sandoz at a court hearing over the rights to make generic versions of the top-selling product, with a barrister for Lundbeck slamming the three companies’ defence that their drugs were different.
The applicants in a class action against Johnson & Johnson over allegedly defective vaginal mesh products have won court approval to expand the size of the class and seek an order blocking the sale of devices that don’t include a proper warning.
Global insurer Jardine Lloyd Thompson could be hit with a class action over allegations that local councils across Australia paid excessive premiums for its advice.
A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.
A barrister for actor Geoffrey Rush has accused Nationwide News of wanting to change its defence purely to gain access to Sydney Theatre Company documents blocked by an earlier judgment.
Qantas has struck out a second time in a week in a bid to have an outside lawyer represent it in proceedings before the Fair Work Commission, with a commissioner saying Thursday the airline was “more than capable” of representing itself.
Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they should be “consigned to the dustbin of procedural history.”
Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.