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An appeals court has found US drug maker Cosette could not rely on sales performance figures to justify its termination of a $672 million merger agreement with Mayne Pharma Group.
Toyota has agreed to pay $750 million to settle two class actions over defective diesel filters following a significant win in the High Court over the calculation of damages, the biggest settlement in Australia's class action history.
A judge has panned a claim that details about a $750 million class action settlement by Toyota might cause "stress and anxiety", in a decision that reveals how much drivers can expect on average from the record sum.
Private mining investment firm QGold and its founder Christopher Ian Wallin have been hit with a class action, the third representative proceeding filed so far this month.
A law firm has urged a judge to sign off on a record $37.5 million group costs order in a class action over Victoria’s hotel quarantine debacle that settled for $125 million, saying it spent more than expected in running the case.
Hyundai and Kia are calling for court orders that drivers sign up if they want a slice of any settlement in defects class actions, pointing to data that shows just one of 400,000 group members has made a claim on their vehicle warranty.
Construction PRO
A "practice of prudence" required a judge to recuse himself from a $1 billion lawsuit over the Callide power station, CS Energy said Monday.
Cosette wants to strike out Mayne Pharma’s claim for damages over their thwarted $672 million merger, arguing it creates a multiplicity of cases in which various shareholder groups' interests conflict.
Construction PRO
A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free.
A class action over Victoria's hotel quarantine debacle that settled for $125 million will seek a record $37.5 million cut for law firm Quinn Emanuel and $250,000 payment for the lead applicant, which was subjected to "public ridicule and hatred" during the matter.