Gilbert + Tobin

A WA insurance broker has brought a $3 million case against insurance broking network Steadfast Group as well as insurers QBE and Allianz, alleging they engaged in anti-competitive conduct in the market for insurance broking services in Australia. 

Mayne Pharma cannot access invoices from Cosette’s solicitors at Corrs Chambers Westgarth, with a judge saying he was not hopeful that they would help to resolve a costs fight related to litigation over their collapsed $672 million merger.

The High Court has found derivative crown immunity did not allow the NSW government to enter into alleged anti-competitive agreements when privatising two ports, disagreeing with a decision in a related case by the ACCC.

ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX. 

Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.

The High Court has declined two special leave applications in lawsuits over the failed Pentridge Village development in Melbourne. 

Liquidators for defunct construction group Hastie have launched a bid in its Federal Court case against Hall & Wilcox to refer a $18.6 million bill from the law firm to a costs assessor.

Corrs Chambers Westgarth has hired a competition specialist from Magic Circle firm Slaughter & May to join the firm's Sydney office as a partner. 

A judge has slapped defunct crypto firm Binance Australia Derivatives with a $10 million penalty for misclassifying around 500 retail customers as eligible to invest in risky derivatives intended for sophisticated investors. 

US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay.