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Judge frowns on ‘moronic approach’ to group member sign-up in Takata class actions
The judge overseeing a group of class actions against car manufacturers over faulty Takata airbags has questioned a simplified group registration and opt out process proposed by the law firm leading the cases, saying it would "invite a moronic approach" to sign up.
CIMIC attacks ‘forests of contingencies’ in class action pleadings
Engineering services firm CIMIC Group has attacked the pleadings in a shareholder class action against it, saying needlessly convoluted paragraphs containing a "numerically vast number of contingencies" should be struck out.
Merck wins docs from Wyeth ahead of hearing on reopening Prevnar 13 trial
Merck Sharp & Dohme has emerged victorious in a battle over documents with Wyeth, as the parties gear up for a hearing on Wyeth's request to reopen a trial over three patents for its Prevnar 13 pneumococcal vaccine.
Westpac lightens class action load with $23.25M in payouts
Westpac has recently agreed to pay a combined $23.25 million to settle two class actions against it, cutting the number of class actions the bank is facing in half.
Westpac to pay $13.25M to settle class action over Samra Ponzi scheme
Westpac will pay $13.25 million to settle a class action over alleged losses caused by subsidiary BankSA’s investments in a Ponzi scheme run by convicted fraudster Michael Samra.
NSW dragged into ACCC’s competition case over ports deal
The ACCC has reversed course, naming the state of New South Wales in its lawsuit over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla after previously saying the law did not apply to the state.
Pfizer may seek stay of Merck vaccine patent case
Global pharmaceutical firm Pfizer is mulling an application to stay a lawsuit by Merck Sharp & Dohme seeking to invalidate a patent related to the blockbuster Prevnar 13 vaccine as it awaits the outcome of similar proceedings in the US.
Original lawyers in BankSA class action want bigger stake of multi-million dollar settlement
The original solicitors who stepped down from leading a class action against Westpac unit BankSA amid abuse of process allegations will bring separate proceedings in the Federal Court seeking a bigger slice of the multi-million dollar settlement sum to cover their costs.
Barclays, other banks in forex cartel class action must produce US case docs
A judge has ordered a group of banks facing a competition class action over alleged foreign exchange rate-rigging to hand over documents they produced as part of settlement agreements in class actions in the US and Canada.
Class to fight CIMIC’s ‘opportunistic’ bid to strike out pleadings
A shareholder class action against CIMIC Group will fight a strike out application it has slammed as an "opportunistic" late-stage move by the global engineering firm made only because the trial was previously vacated.