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GetSwift hit with $300M shareholder class action
Class Actions 2018-02-21 8:56 pm By Cat Fredenburgh

Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.

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Slater & Gordon slams letter in union merger bid
Employment 2018-02-21 8:54 pm By Cat Fredenburgh

A Slater and Gordon lawyer representing three unions seeking Fair Work Commission approval for a proposed tie-up, has slammed an “urgent” email from counsel at Herbert Smith Freehills claiming a newly discovered contempt matter involving one of the deal’s applicants should bar approval of the deal.

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Toll Global fined $75K in EPA action
Environment 2018-02-21 8:51 pm By Cat Fredenburgh

Toll Global has been fined $75,000 after pleading guilty to transporting over 16,000 kilograms of expandable and flammable polymer beads by truck.

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Fitbit trademark suit should move to SA, billionaire says
Intellectual Property 2018-02-20 7:34 pm By Cat Fredenburgh

A Fitbit suit challenging two trademarks owned by South Australian convenience store king Yasser Shahin should be moved to South Australia, Shahin has told a court.

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S&P settles Lifeplan class action over CDOs ratings
Class Actions 2018-02-20 12:39 pm By Cat Fredenburgh

S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.

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Full court to hear Prysmian appeal next week
Competition & Consumer Protection 2018-02-20 9:43 am By Cat Fredenburgh

The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.

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Judge keeps lawyers in Cargill-Viterra suit on short leash
Corporate 2018-02-19 9:04 pm By Cat Fredenburgh

A judge in the Supreme Court of Victoria hearing a case brought by Cargill Australia alleging fraudulent concealment in the $420 million sale of malt producer Joe White Maltings by Viterra Malt Pty Ltd won’t loosen the reins on lawyers who have spent “millions of dollars” on discovery.

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GSK admits old Voltaren label was misleading
Competition & Consumer Protection 2018-02-19 8:43 pm By Christine Caulfield

Drug giants GlaxoSmithKline and Novartis have conceded part of the ACCC’s case that packaging on their Voltaren Osteo Gel breached the Australian Consumer Law, but said the label was changed almost a year ago.

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Judge gave short shrift to ACCC in Medibank case, court hears
Competition & Consumer Protection 2018-02-19 2:01 pm By Christine Caulfield

The judge who sided with Medibank in the ACCC’s failed case last year paid little attention to one of the consumer regulator’s central arguments against the private health insurer, a court heard Monday.

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Ex-Toll worker in contempt over YouTube video
Employment 2018-02-16 8:41 pm By Cat Fredenburgh

A former employee of Toll Transport has violated a court order that he remove a racially charged video he filmed of Senator Sam Dastyari while wearing a company-branded uniform.

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