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Murray Goulburn weighs cost-capping bid in class actions
Agriculture 2018-10-26 10:20 pm By Christine Caulfield

Murray Goulburn has told a judge it may seek to cap costs in two shareholder class actions that centre on a 2016 profit forecast revision, taking a page from the playbook of baby food maker Bellamy’s.

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ANZ to get ASIC probe docs in $2.5B share placement case
Securities 2018-10-26 10:20 pm By Cat Fredenburgh

ASIC has been given a little over a month to provide ANZ with documents it collected during the course of its investigation into a $2.5 billion ANZ share placement, as the bank, which is facing a related criminal cartel case, mulls whether to file an application to stay the regulator’s action.

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Judge urges class action lawyers to solve multiplicity problem
Class Actions 2018-10-26 4:45 pm By Christine Caulfield

Blasting the battle of competing class actions as a fight for the “commercial interests” of litigation funders not class members, a judge has called on lawyers for two shareholder actions against Brambles to settle the dispute themselves.

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VW must hand over docs on Dieselgate’s impact on car prices
Competition & Consumer Protection 2018-10-26 12:00 pm By Cat Fredenburgh

A Federal Court judge has ordered Volkswagen to produce documents related to its calculations on how its emissions cheating scandal could affect car prices.

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ACCC’s Sims wins three-year term extension
People In The News 2018-10-25 11:24 pm By Cat Fredenburgh

ACCC boss Rod Sims has won a five-year extension of his term as Chair, ensuring the high energy regulator will continue to make good on its promises of higher fines and tougher enforcement of the nation’s competition and consumer laws.

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Full Court to hear Trident Seafoods trade mark appeal
Intellectual Property 2018-10-25 10:28 pm By Cat Fredenburgh

US seafood giant Trident Seafoods has filed an appeal over a trade mark registration by Australian rival Trident Foods, which will be heard by the Full Federal Court.

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Scenic cruise passengers can’t claim damages for disappointment, appeals court says
Appeals 2018-10-25 10:19 pm By Cat Fredenburgh

Scenic Tours has won a major victory on appeal in a class action against a ruling that put it on the hook for claims that luxury European river cruise passengers were owed damages and compensation after they were forced to take the bus because of flood waters.

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Woolworths bags $100M shareholder class action
Class Actions 2018-10-25 9:56 pm By Cat Fredenburgh

Woolworths has shot back at claims in a shareholder class action that it breached its continuous disclosure obligations, saying the lawsuit doesn’t allege there was material information it should have disclosed to shareholders in advance of its downward revision of a 2015 profit guidance.

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Director denies telling Geoffrey Rush to be less ‘creepy’
Defamation 2018-10-25 8:04 pm By Miklos Bolza

The director of the King Lear production at the centre of a defamation case brought by Geoffrey Rush said on the witness stand Thursday he never told the actor his behaviour toward co-star Eyrn Jean Norvill had become “creepy”.

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Ray White promised agents riches, then axed them, suits say
Employment 2018-10-25 3:14 pm By Christine Caulfield

Real estate group Ray White has been hit with lawsuits by two sacked directors of its projects unit, who claim they turned down profit-sharing job offers from industry rivals for lucrative, long-term employment with the family-owned agency that lasted seven months.

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