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Business lobby association Ai Group is calling on federal crossbench senators to oppose a move by Labor to block litigation funding rules introduced by the Morrison government aimed at curbing class actions.
US industrial giant Illinois Tool Works sues Aussie concrete company for patent infringement
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US industrial equipment manufacturer Illinois Tool Works has launched Federal Court patent infringement proceedings against an Australian producer of precast concrete products.
Adani loses bid for ‘extraordinary’ orders to search home of Carmichael mine activist
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Coal miner Adani has lost its bid to search the home of a protester seeking to block its Carmichael Mine project in central Queensland, with a court ruling it had not cleared the bar for the “unusual and extraordinary” orders.
Lawyer Alex Elliott seeks recusal of judge in Banksia class action proceedings
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The son of controversial class action lawyer Mark Elliott has hired a big gun barrister to represent him in the Banksia class action proceedings and will be asking the judge overseeing the case against him to step aside.
Thomson Geer completes fourth raid in pursuit of big firm status
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Just weeks after raids on DLA Piper and Macpherson Kelley, Thomson Geer has announced its fourth acquisition of the year, poaching a specialist tech law team from Russell Kennedy, as the firm pushes forward with plans to become one of the country’s top firms.
ASIC won’t take action against Commonwealth Bank over AUSTRAC matter
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The Australian Securities and Investment Commission will not take action against the Commonwealth Bank of Australia or any of its directors of officers in relation to AUSTRAC proceedings the bank agreed to settle for $700 million in 2018.
CBA hits back at ASIC conflicted remuneration case
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The Commonwealth Bank of Australia has denied that it received any benefits through the sale of its Essential Super product, rejecting claims by Australian Securities and Investments Commission that it breached the conflicted remuneration provisions of the Corporations Act.
Boral faces third shareholder class action over US biz disclosures
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Construction giant Boral must now contend with three class actions by shareholders alleging it failed to disclose financial problems with its US windows business, but the cases will stay on ice pending a High Court challenge.
Class action crackdown spurs rush to the courthouse
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Eight law firms made it to the courthouse door just under the wire last week, filing class actions on the eve of regulations that will require funders to register their class actions as managed investment schemes.
Facing lawsuit, Woolworths reverses position in pay dispute with union
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Woolworths has agreed to fast-track retail employee pay increases after a union hit the supermarket giant with a lawsuit this week.