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In loss for ASIC, Full Court finds crypto currency provider did not need AFSL
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
Sanofi loses challenge to Amgen patents for cholesterol-busting Repatha
Drug giant Sanofi has failed in its appeal of a decision granting applications by biopharmaceutical company Amgen for patents covering the cholesterol-lowering treatment Repatha.
‘Confusing’ group definition struck out in Mercedes-Benz class action
A judge has struck out a circular and confusing group definition in an emissions cheat class action against Mercedes-Benz, but has given the class action the chance to replead.
ACCC accuses LDV of misleading consumers about cars’ durability
The ACCC has taken car importer LDV to court for allegedly representing to consumers that certain car models were durable and suitable for off-road conditions, when in reality they were prone to rusting within five years of purchase.
Telegram appeals eSafety’s $1M fine for late reporting
Encrypted messaging app Telegram is taking the eSafety Commissioner to court, in a challenge to a $1 million fine for delays in reporting on its handling of terrorism and child abuse material.
Stolen wages class action judge skeptical of lawyers, funders profiting ‘on backs’ of group members
A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff's law firm for the costs incurred in the case and raised doubts about the value of litigation funding.
Construction PRO
‘Far-fetched and uncommercial’ take on PPAs rejected in spat over NT power plants
Electricity provider Rimfire Energy has prevailed in a fight with the builders of two power plants in the Northern Territory, winning $1.4 million in damages for a four-year delay in reaching target operating dates.
Construction PRO
Builder Kuatro fails in appeal in SOPA case against Elite Formwork
A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator's determination.
$43M class action settlement fair in light of Noumi’s financial position, court told
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company's financial position, a court has heard.
Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.