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Insurers lose COVID-19 business interruption test case
Insurers will face a flood of pandemic-related claims after an appeals court ruled in a test case brought by the Insurance Council that certain infectious disease exclusions in business interruption cover do not apply to coronavirus-related claims.
Pfizer loses discovery lawsuit against Sandoz over Enbrel biosimilar
A judge has dismissed Pfizer's bid for preliminary discovery to pursue a possible patent infringement case against drug maker Sandoz over a generic version of its blockbuster rheumatoid arthritis biologic Enbrel.
Fuji Xerox can’t strike out EY, ex-director’s defences in case over $450M accounting scandal
A judge has denied Fuji Xerox's attempt to strike out parts of the defences of Ernst & Young and a former Fuji director in a lawsuit over alleged massive accounting irregularities.
Rio Tinto execs want ASIC trial vacated due to COVID-19
Two former executives of mining giant Rio Tinto accused by ASIC of breaching their directors duties have asked the court to vacate an upcoming trial, after raising concerns that COVID-19 could affect their ability to appear.
Ripple Labs denies PayID is deceptively similar to trade mark of Aussie mobile banking system
US cryptocurrency maker Ripple Labs has hit back at an intellectual property lawsuit brought by the Australian company behind the ubiquitous PayID mobile banking system, saying its PayID trade mark is neither substantially identical nor deceptively similar to the Aussie mark.
CBA fined $150,000 for increasing problem gambler’s credit card limit
The Commonwealth Bank of Australia has been fined $150,000 after a Federal Court judge found the bank had breached the law by increasing a problem gambler's credit card limit but that the conduct was "not systematic, deliberate or covert".
Judges unclear about Johnson & Johnson unit’s arguments in pelvic mesh appeal
A judge due to hear a high profile appeal by Johnson & Johnson unit Ethicon has expressed confusion about the grounds on which the medical device maker is challenging a landmark judgment putting it on the hook for potentially hundreds of million of dollars in damages over faulty pelvic mesh implants.
Worley ruling the latest setback for shareholder class actions
A judge's decision to throw out a shareholder class action against engineering company Worley is a loss for plaintiffs lawyers and could result in fewer listed companies willing to settle cases alleging they breached their disclosure obligations, but the ruling is not likely to have a significant chilling effect on securities litigation.
AIG settles case against ex-Kaboko Mining directors after D&O policy exclusion spat
AIG has settled a lawsuit brought by Kaboko Mining against several former directors alleging they failed to exploit commercial opportunities, after the insurer failed to convince an appeals court that an insolvency exclusion in the company's D&O policy should exempt it from covering the claims.
Daily Mail ‘set up’ sports journalist Erin Molan and sparked public firestorm, court hears
The Daily Mail's concerted campaign against Erin Molan was a set-up that damaged her reputation and sparked a public "firestorm" against the Nine sports reporter, the Federal Court has heard.