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Sims Metal hits back at class action, says group members responsible for losses
Recycling company Sims Metal Management has responded to a shareholder class action ahead of a hearing on Tuesday, denying it breached its continuous disclosure obligations and partially placing the blame for any losses at the feet of group members.
Vodafone, TPG to take ACCC to court over opposition to $15B merger
Vodafone and TPG will file a Federal Court challenge to the Australian Competition and Consumer Commission's opposition to their proposed $15 billion merger, teeing up the biggest merger challenge ever heard by the court.
Teva wins docs to bolster case that Boehringer’s Spiriva patents were obvious
Israeli drug maker Teva has won its bid for communications between Germany-based Boehringer and capsule manufacturers to help prove its claim that a patent at the centre of a dispute over the top-selling inhaler Spiriva was invalid for obviousness.
Treasury Wine Estates wins $352,000 judgment over Penfolds ‘copycats’
Treasury Wine Estates has won a nearly $352,000 judgment against an Australian company for allegedly violating its trade marks by making and selling copycat Penfolds products in China and Australia.
ASIC has no ace in case over Australian Open broadcast rights, ex-Tennis Australia head says
Former Tennis Australia director Harold Mitchell has denied allegations by the Australian Securities and Investments Commission that he breached his duties when awarding broadcasting rights for the Australian Open and other tournaments to the Seven Network in 2013.
Ashley Services class action settles for $14.6M
Private training company Ashley Services and auditors Deloitte and Grant Thornton will pay a combined $14.6 million to settle a shareholder class action, and IMF Bentham says it may bank $7.2 million for funding the litigation.
B. Braun drops appeal after IV catheter patents invalidated
German medical device company B. Braun Melsungen has dropped its appeal of a ruling invalidating three of its intravenous catheter patents and finding rival Becton Dickinson did not infringe the patents.
Herbert Smith Freehills partner to helm Australian international arbitration centre
The head of Herbert Smith Freehills' Australian international arbitration practice has become the first female to lead the Australian Centre for International Commercial Arbitration.
ANZ settles class actions by 7-Eleven franchisees
ANZ has reached an in-principle settlement in two class actions alleging it breached its responsible lending obligations by providing loans to purchasers of 7-Eleven franchises that were not financially viable.
Funding for Iluka Resources class action in limbo amid dispute with Harbour
Funding for a shareholder class action against mineral sands company Iluka Resources is in doubt after Harbour Litigation Funding unilaterally backed out of an agreement to finance the litigation.