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Judge puts brakes on early class closure bid in breast implant class action
A judge has warned the parties in The Cosmetic Institute class action over allegedly botched breast implants to ensure group members’ rights are prioritised, following a push for an early class closure amid doctor-patient confidentiality concerns.
Court approves $1.2M settlement in recycling plant fire class action
The Supreme Court of Victoria has signed off on a $1.2 million settlement of a class action brought on behalf of hundreds of residents and businesses that allegedly suffered loss or injury in a 2017 fire at the Coolaroo recycling plant in Victoria.
Toyota hit with class action over allegedly faulty diesel filters
Car giant Toyota is facing a class action seeking compensation on behalf of around 250,000 vehicle owners who allegedly suffered loss from faulty diesel filters in the automaker's Hilux, Fortuner and Prado diesel model cars.
Qantas’ $60M acquisition of Alliance Airlines shares on ACCC’s radar
Australian airline giant Qantas says it has no plans to decrease its 19.9 per cent stake in Alliance Airlines, after the competition watchdog expressed preliminary concerns the deal could substantially lessen competition.
Regeneron loses opposition to Kymab’s patent for human rats
US biotechnology firm Regeneron Pharmaceuticals has lost its opposition to a proposed patent by UK biopharmaceutical company Kymab for a method of producing an animal with part-human DNA.
Super funds could pay dearly for employer gifts, ASIC warns
The Australian Securities and Investments Commission has warned superannuation funds they face criminal penalties if they try to win over employers with tickets to sporting events or other gifts.
ASIC ‘plucking numbers out of the air’ in penalty hearing for Vocation execs, court told
Lawyers for former Vocation CEO Mark Hutchinson say the corporate regulator is “plucking numbers out of the air” in its bid to secure disqualifications of up to eight years against the former executives who breached their directors’ duties in relation to the collapsed education provider.
Moreton wins appeal over R&D tax credits for failed coal gasification project
Australian coal miner Moreton Resources has won a Full Federal Court appeal over tax offsets it claims are owed over a failed pilot project testing underground coal gasification, a process which was ultimately banned in Queensland.
Judge says shareholder class action against Brambles ‘taking too long’
A judge overseeing a consolidated shareholder class action against logistics company Brambles has expressed frustration with the parties, who are locked in an unresolved discovery battle three months after his order consolidating the litigation.
Judge rejects ‘arguably excessive’ funder’s commission in KPMG class action
A judge has rejected a proposed common fund order in the settled KPMG class action, saying the funder's commission was "arguably excessive" and could result in a "stratospheric" return to the firm.