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Full Court docket stacked with class action appeals
The Full Federal Court is set to hear appeals in four class actions in the August sitting, giving the court a chance to address important issues, including cost-capping in joint class actions and security for costs in unfunded cases. Here, we give you the run-down on each of the upcoming challenges.
Maurice Blackburn owes State Street royalties for Fearless Girl replica, court hears
US investment manager State Street Global Advisors claims it lost out on royalties when Maurice Blackburn commissioned an allegedly infringing replica of its iconic Fearless Girl statue in New York City, a marketing phenomenon that has been estimated to be valued at up to $38.6 million.
Judge says ASIC should have brought Murray Goulburn bosses to court ‘a long time ago’
A judge on Friday asked the corporate regulator why it delayed action against former Murray Goulburn managing director Gary Helou and CFO Bradley Hingle until two years' after the consumer watchdog brought its case against the pair.
ASIC dragged ‘kicking and screaming’ to produce docs, ex-Tennis Australia director says
Former Tennis Australia director Harold Mitchell has told a court that the corporate regulator had to be dragged "kicking and screaming" to produce documents in its enforcement action over alleged breaches of directorial duties involving negotiations for the Australian Open broadcast rights.
Ex-Tennis Australia’s Harold Mitchell wants ASIC’s evidence from deceased former director
Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.
Ariosa infringed Sequenom’s patent for prenatal genetic test, court finds
A court has found Ariosa Diagnostics infringed a patent held by Sequenom for a noninvasive prenatal genetic test, and ruled one claim of the patent invalid for lack of fair basis.
ACCC appeals loss in case over Pacific National, Aurizon terminal deal
The Australian Competition and Consumer Commission is appealing the dismissal of its case over Pactific National's purchase of Aurizon's Acacia Ridge Terminal in Queensland, challenging the Federal Court's power to accept Pacific National's last-minute promise to ensure access to the major freight terminal by competitors.
Competing law firms agree to join forces in BHP class action
Rival law firms Phi Finney McDonald and Maurice Blackburn have offered to consolidate their competing shareholder class actions against BHP after prompting by the Full Federal Court, which said Friday it approved of the plan.
Maurice Blackburn reunites with air cargo lead applicant in cartel class action against banks
The law firm running a cartel class action alleging manipulation of foreign exchange rates by five global investment banks is teaming up with the same lead applicant that represented group members in the price-fixing case against major international airlines.
ACCC too late to alter Pacific National undertaking, judge says
The Australian Competition and Consumer Commission has come up short again in its challenge to Pacific National's $205 million acquisition of competitor Aurizon's Queensland freight terminal, with a judge shooting down the regulator's request for a variation of Pacific's undertaking that it will not block third parties from accessing the terminal.