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The firm running the class action against Fitch Ratings over SCDO products has been given the go ahead to add claims of fraud and deceit after lawyers allegedly unearthed a hidden mathematical table the agency used in assigning ratings to the toxic financial products.
Facing cross-examination over the law firm's bid to add fraud and deceit claims to a class action against Fitch Ratings, a Squire Patton Boggs lawyer exchanged fire with a barrister for the ratings agency, saying Fitch was having a regular "whinge" about discovery and "no" she would not take the comment back.
A thorny dispute between Norton Rose Fulbright and former employment partner Thomas Martin will head to trial after the Federal Court heard Monday that "all attempts at mediation have failed".
A full bench of the Federal Court has dismissed an appeal by drug giant GlaxoSmithKline in a patent infringement case it brought over planned generic versions of its sustained-release Panadol.