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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
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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
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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.
Dentons to acquire New Zealand firm to expand Australasian footprint
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International legal giant Dentons will acquire New Zealand law firm Kensington Swan, a move that will further strengthen its position in the Australasian region.
Moreton wins appeal over R&D tax credits for failed coal gasification project
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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’
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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
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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.
‘Guinea pig’ judge pushes off Country Care cartel trial to next year
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A six-week trial set to start in October in the cartel case against mobility equipment provider Country Care Group has been vacated and rescheduled to next year, as the judge overseeing the case quipped that he was either the “canary or the guinea pig” in the landmark criminal proceeding.
RMBL exec told class members he hoped they would opt out of case, court told
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Customers of mortgage lending and investment firm RMBL say they were “shocked” when the company’s chief financial officer allegedly called them to say “he hoped” they would opt out of an excessive fees class action that had been filed against the firm.
Icon sues insurers for $11M in coverage for Opal Tower saga
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Construction group Icon Co has dragged insurers Liberty Mutual Insurance and QBE Underwriting to court for allegedly refusing to provide coverage after the Opal Tower disaster in December last year, which led to thousands of residents being evacuated.