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ACCC let JPMorgan lawyers review witness statement in cartel probe, court told
Competition & Consumer Protection 2021-11-04 10:42 pm By Christine Caulfield

Lawyers for JPMorgan went to the ACCC’s office to review a draft statement of the investment bank’s then managing director Jeffrey Herbert-Smith, an immunity witness for the competition regulator in its troubled criminal cartel case over an ANZ share placement, a court has heard.

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Law firms accused of negligence fight Dover Financial’s bid to add lawyers to case
Financial Services 2021-11-04 4:11 pm By Cindy Cameronne

Three law firms and a consultancy are fighting a bid by defunct financial advisor Dover Financial to bring negligence claims against two lawyers over a so-called client protection policy found to be “an exercise in Orwellian doublespeak”.

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Ono Pharmaceutical faces grilling by Full Court in patent extension appeal
Intellectual Property 2021-11-04 9:20 pm By Miklos Bolza

Drug company Ono Pharmaceutical has faced tough questioning by an appeals court in a fight with IP Australia over a decision that secured it a patent extension for its cancer immunotherapy drug Opdivo.

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Epic’s evidence in clash with Apple could be first in competition case
Competition & Consumer Protection 2021-11-04 1:19 pm By Bianca Hrovat

Epic Game’s plan to lead econometric evidence in its dispute with Apple could be the first time such evidence has been led in a competition case in Australia, a judge has said, as he warned that the companies’ “unlimited resources and enthusiasm for victory” should not bog the case down.

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Bridge Street Capital hit with costs for funding winding-up defence of ‘woefully’ insolvent developer
Restructuring & Insolvency 2021-11-04 8:44 pm By Cindy Cameronne

Corporate advisory firm Bridge Street Capital has been hit with costs for funding the defence to a winding up application for a Sydney property developer which a judge found was “woefully” insolvent.

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E&P Financial to defend Dixon Advisory class action
Financial Services 2021-11-04 2:28 pm By Cat Fredenburgh

E&P Financial Group says it will defend a class action brought against it, subsidiary Dixon Advisory and director Alan Dixon, alleging they reaped millions of dollars in fees by pushing unsuitable financial products onto investors.

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Class action accuses Dixon Advisory of providing conflicted financial advice
Class Actions 2021-11-03 9:49 pm By Bianca Hrovat

Financial services company Dixon Advisory has been hit with a class action for allegedly pushing financial products onto investors that it stood to reap hundreds of millions of dollars in fees from and failing to disclose its alleged conflict of interest.

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Judge slams indictment in cartel case as ‘complete shemozzle’
Competition & Consumer Protection 2021-11-03 3:41 pm By Miklos Bolza

A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.

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JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
Competition & Consumer Protection 2021-11-03 9:23 pm By Miklos Bolza

JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.

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Judge weighs exemption from Victoria’s COVID-19 vaccine mandate for 134 workers
COVID-19 2021-11-03 8:43 pm By Cindy Cameronne

A group of 134 workers in healthcare, education and construction have argued a judge should grant them a temporary exemption from Victoria’s direction mandating essential employees be vaccinated against COVID-19 to work outside their homes.

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