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Lundbeck wins appeal in decade-long IP battle with Sandoz over Lexapro
Pharmaceuticals giant Lundbeck has succeeded in overturning IP Australia’s decision granting Novartis unit Sandoz a licence to sell a generic version of top-selling antidepressant Lexapro.
Appeal bid in crypto class action against Google, Meta falls flat
A court has refused leave to appeal a permanent stay of a class action run, funded and led by lawyer Andrew Hamilton against Google and Meta that challenged their crypto ad bans.
Blue Sky directors may be ‘dragged back’ into shareholder class action, court told
Three former Blue Sky directors who were originally named in a shareholder class action against the collapsed fund manager might be "dragged back" into the case after its chief operating officer pointed the finger at him in his defence, a court has heard.
Judge OKs $100M AMP class action settlement, denies ATE insurance deduction
A $100 million settlement by AMP in a class action by financial planners over the wealth manager's buyer of last resort policy has been given the OK, but the litigation funder won't be reimbursed for $2.6 million in insurance and administrative costs.
Judge strikes out ACCC’s entire claim against Meta over crypto ads
Over objections from the ACCC, a judge has struck out the regulator's entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.
Claims in $40M class action against Whitehaven Coal ‘fanciful’, court told
Whitehaven Coal has struck back at a class action led by the father of famed mining investor Nathan Tinkler, calling the claims that it failed to fulfil an implied term of a $150 million share subscription from 2012 "fanciful".
Sleeping Duck shareholder rejected $4M settlement in failed oppression suit
A Sleeping Duck shareholder has been ordered to pay the company's costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck's buy-out offers of roughly $4 million were unreasonable.
Pakistan to oppose India’s latest bid for ‘Basmati’ trade mark
The Pakistani government's opposition to India's attempt to register a composite 'Basmati' trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.
Corrs Chambers Westgarth poaches regulatory ace from Allens
A managing associate at Allens who specialises in regulatory investigations and financial crime is joining the Corrs Chambers Westgarth partnership as a member of its investigations and inquiries practice group.
Funder’s payout in AMP class action should be shaved by $2.6M, court told
A contradictor appointed to represent group members' interests in relation to a $100 million settlement in a class action against AMP wants to shave $2.6 million off the funder’s cut, telling the court that deductions for ATE insurance and administrative fees should not be approved.