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A former pre-insolvency advisor has been sentenced to four and half years in prison for siphoning money from defunct Telstra dealer Cap Coast Telecoms prior to it being voluntarily wound up.
Funder appeals ruling over security in Fair Work class actions
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Litigation funder Augusta Ventures has brought its promised appeal of a groundbreaking ruling that put it on the hook for paying security for costs in an employment class action over the classification of casual mine workers.
Juno challenges validity of patent for Pfizer’s pain drug Dynastat
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Australian drug maker Juno Pharmaceuticals has hit back at claims it is infringing the patent for US-based Pfizer’s post-operative pain killer Dynastat, saying the patent is invalid.
Forge liquidators investigate potential case against auditors KPMG
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Two special purpose liquidators appointed to collapsed engineering and construction company Forge Group are investigating a potential lawsuit against KPMG, which audited the doomed business prior to its $800 million collapse in 2014.
Pfizer takes Sandoz to court for info on Enbrel biosimilar
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Pfizer, maker of the blockbuster rheumatoid arthritis biologic Enbrel, has taken generic drug maker Sandoz to court for information on its Enbrel biosimilar, after winning a bid for preliminary discovery against Samsung Biopis to pursue a possible infringement case over the same drug.
Class action puts pressure on Icon for speedy resolution of Opal Tower insurance case
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Construction firm Icon Co has pressed the Federal Court for an expedited hearing in its case against insurers Liberty Mutual Insurance and QBE over the 2018 Opal Tower disaster, saying it wants to resolve the matter before a class action brought by apartment owners in building progresses too far.
Latest suit claims Macquarie owes $4.8M in underpayments
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Macquarie Bank has been hit with another lawsuit by former financial advisers who claim the bank underpaid them to the tune of $4.8 million by remunerating them solely in commission when they were entitled to a regular wage.
SNF, BASF resolve remaining patent dispute
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Global chemicals giant SNF has dropped its case against rival BASF over a lucrative mining patent, the last of numerous Federal Court disputes between the companies.
Sydney Fish Market developer can eye Norton Rose docs in spat over $2.3M ‘secret commission’
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A Sydney-based development firm has won limited access to legal documents from Norton Rose Fulbright in a property dispute over redevelopment of the Sydney Fish Markets and a $2.3 million “secret commission”.
Merlin Diamond creditors seek to shield rights over assets as liquidation looms
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A group of unsecured creditors of ‘Diamond Joe’ Gutnik’s mining firm Merlin Diamonds has launched a NSW Supreme Court bid to preserve their rights over security interests in the company as the clock ticks down to its impending liquidation.