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Murray Goulburn weighs cost-capping bid in class actions
Murray Goulburn has told a judge it may seek to cap costs in two shareholder class actions that centre on a 2016 profit forecast revision, taking a page from the playbook of baby food maker Bellamy's.
ANZ to get ASIC probe docs in $2.5B share placement case
ASIC has been given a little over a month to provide ANZ with documents it collected during the course of its investigation into a $2.5 billion ANZ share placement, as the bank, which is facing a related criminal cartel case, mulls whether to file an application to stay the regulator's action.
Appeals court to hear BMW common fund challenge in Takata class actions
A NSW Supreme Court judge said Monday it will refer to the Court of Appeal a challenge by car giant BMW to a common fund order proposed by law firm Quinn Emanuel Urquhart & Sullivan for its six class actions over Takata airbags.
Cash Converters to pay $16.4M to settle consumer class action
Cash Converters has reached a settlement on the eve of trial in one of two consumer class actions alleging it engaged in unconscionable conduct by imposing high interest rates on short-term loans.
PwC gets court ok to file lawsuit against Vocation
PriceWaterHouse Coopers has received the green light to launch court action to pursue its cross claims against failed educational training company Vocation.
Hytera doesn’t get ‘within cooee’ of proving it has state secrets: Motorola
Motorola has slammed an attempt by Hytera Communications to limit discovery in a long-running patent dispute between the companies, saying documents withheld by the Shenzen-based radio manufacturer come nowhere close to being state secrets protected under Chinese law.
EnergyAustralia execs can view docs in $1B sale dispute with QIC
A judge has granted a unit of Queensland Investment Corporation's request for a confidentiality regime for certain documents discovered in an ongoing legal spat with EnergyAustralia over the $1.78 billion sale of a gas facility in Victoria, but said three EnergyAustralia can view the documents.
Quinn Emanuel reveals ‘step up’ funding model in AMP class action beauty pageant
Law firm Quinn Emanuel Urquhart & Sullivan will call in US experts to back up its proposed "step up" funding model as five law firms begin a high stakes battle to lead a shareholder class action against AMP.
United can’t boot judge from final hearing in Freehills case
Australian petrol retailer United Petroleum has lost a bid to disqualify a judge from a final hearing on costs in its unsuccessful battle against law firm Herbert Smith Freehills over a failed initial public offering.
US sports site tackles Aussie rival with IP suit
A US sports news website founded by former Yankees shortstop Derek Jeter featuring content by athletes has filed a lawsuit alleging an Australian sports site has violated its IP.