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Shareholders have appealed a ruling that found a “serious problem” with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Johnson & Johnson loses pelvic mesh class action in landmark ruling
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Johnson & Johnson did not adequately warn of the risks of its pelvic mesh implants and is liable to pay damages to thousands of Australian women who suffered severe injuries from the devices, a judge has ruled in a long awaited decision in a class action launched more than seven years ago.
Arrium liquidators can’t stop shareholders from grilling exec for possible class action
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Shareholders of collapsed steel and mining giant Arrium have won the OK to question a one-time director over possible class action claims that former officers misled the market and that auditor KPMG was negligent in preparing a healthy financial report just two years before the company went under.
Qube slaps Port of Newcastle with misuse of market power suit
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Qube has filed a misuse of market power case against the operator of the Port of Newcastle for allegedly forcing the logistics giant to pay for equipment it needs to provide dry bulk unloading services at the port.
Dymocks unit sued for ‘flagrant’ trade mark infringement by private equity fund
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An educational service provider owned by national bookstore chain Dymocks has been sued for “flagrant” trade mark infringement by a tech-focused private equity fund.
NAB reaches $49.5M settlement in ‘junk’ insurance class action
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The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.
GIlbert + Tobin opposes fix to Charif Kazal’s ‘incomprehensible’ lawsuit
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Gilbert + Tobin is seeking to shut down a lawsuit brought by a firm owned by Sydney business owners Charif and Tarek Kazal after the Federal Court gave the company one last chance to fix what a judge called the “simply incomprehensible” pleadings.
AUSTRAC sues Westpac for ‘systemic’ money laundering failures
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Westpac has been hit with a lawsuit by AUSTRAC for its alleged “systemic” failure to comply with anti-money laundering and counter terrorism finance laws.
Sobering moment: D’Aquino Bros barred from labeling booze as Scotch
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Australian liquor retailer D’Aquino Bros has settled a trade mark infringement lawsuit brought by the UK’s Scotch Whisky Association, after agreeing to injunctions barring it from peddling its brew as Scotch.
Google’s Fitbit buy creates ‘uncertain world’ for consumers, ACCC says
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Google’s promise to shield users’ health data after its planned $3 billion acquisition of fitness tech company Fitbit should be taken with a grain of salt, ACCC chairman Rod Sims said Tuesday.