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Banksia class action lawyers make $10.6M settlement offer
Class Actions 2022-03-03 10:58 pm By Christine Caulfield

Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case that has put them on the hook for at least double that sum.

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CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
Financial Services 2022-03-03 9:02 pm By Bianca Hrovat

Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.

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Deloitte foreshadows new privilege battle in Hastie class action
Class Actions 2022-03-03 2:39 pm By Miklos Bolza

Another fight over privilege may be on the cards in a shareholder class action over the collapse of the Hastie Group, with Deloitte flagging its partners may claim privilege over certain parts of the accounting giant’s evidence.

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Settlement talks in Astora pelvic mesh class action ‘well advanced’
Product Liability 2022-03-03 9:57 pm By Miklos Bolza

Settlement talks in a class action brought by Shine Lawyers against Astora Women’s Health on behalf of women injured by allegedly defective pelvic mesh products are “well advanced”, while mediation in two similar actions is ongoing, a court has heard.

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Class action can’t sue over government funding decisions, NT says
Class Actions 2022-03-03 3:57 pm By Miklos Bolza

The Northern Territory government has hit back at a class action over allegedly underresourced and discriminatory healthcare services in the Indigenous community of Wadeye, saying it cannot be sued over its funding decisions.

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Law firm can’t slug group members with adverse costs bill in bushfire class actions
Class Actions 2022-03-03 6:05 pm By Miklos Bolza

A law firm that ran two class actions over the St Patrick’s Day bushfires has lost a bid to have group members foot the bill for $50,000 in adverse costs, with a judge saying there was “no basis” for the request.

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Bayer tries to revive patent term extension for contraceptive drug
Intellectual Property 2022-03-03 10:00 pm By Cat Fredenburgh

Bayer says the patents office was wrong to quash an extension for its patent covering an oral contraceptive on the grounds that its application should have been based on a drug with an earlier approval date.

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Greensill insurer BCC, sacked manager dragged into cases against IAG
Insurance 2022-03-02 11:00 pm By Christine Caulfield

Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by the now collapsed Greensill Capital.

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Corestaff to pay $6.4M to settle class action by Papua New Guinea workers
Class Actions 2022-03-02 12:22 pm By Cat Fredenburgh

Labour hire firm CoreStaff will pay $6.4 million to settle a class action accusing it of using the promise of long-term work to lure workers to Australia from Papua New Guinea, only to terminate their employment agreements less than three years after they made the move.

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Sydney barrister sues Nine over cavoodle custody battle coverage
Defamation 2022-03-02 7:08 pm By Bianca Hrovat

A Sydney barrister has launched a defamation lawsuit against the Nine Network over its coverage of a battle for custody of famed social media hound Oscar the cavoodle.

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