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Westpac will pay $13.25 million to settle a class action over alleged losses caused by subsidiary BankSA’s investments in a Ponzi scheme run by convicted fraudster Michael Samra.
NSW dragged into ACCC’s competition case over ports deal
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The ACCC has reversed course, naming the state of New South Wales in its lawsuit over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla after previously saying the law did not apply to the state.
Workers win landmark personal leave challenge against Cadbury maker Mondelez
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In a majority ruling that will have significant ramifications for how companies calculate employees’ personal leave days, the Full Federal Court has found that the method used by food manufacturer Mondelez in granting the entitlement for its Tasmanian shift workers left them worse off than under the Fair Work Act.
NAB sues Helen Rosamond’s Human Group
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National Australia Bank is taking Helen Rosamond’s executive services company Human Group to court in connection with a multimillion dollar fraud against the bank.
Ariosa appeals loss to Sequenom over prenatal genetic test patent
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Ariosa Diagnostics has asked the Full Federal Court to hear its challenge to a ruling that its Harmony prenatal test infringed Sequenom’s patent for a prenatal genetic test, saying the court’s judgment was attended by “sufficient doubt”.
CFMEU launches union-funded class action against Workpac
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The CFMEU will fund a landmark multi-million dollar class action against labour hire company Workpac seeking repayment of leave entitlements it claims are owed to more than 600 coalminers, in the latest casual employee challenge to hit the courts.
Glencore fires another salvo to protect offshore records after High Court defeat
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Coal company Glencore has taken further legal steps to block the Australian Taxation Office from accessing documents related to its offshore affairs, after its bid to shield documents exposed in the Panama Papers leak failed before the High Court.
Pfizer may seek stay of Merck vaccine patent case
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Global pharmaceutical firm Pfizer is mulling an application to stay a lawsuit by Merck Sharp & Dohme seeking to invalidate a patent related to the blockbuster Prevnar 13 vaccine as it awaits the outcome of similar proceedings in the US.
Firms to consolidate AMP super class actions, and funders put commission in court’s hands
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A judge overseeing competing class actions against AMP over allegedly excessive superannuation fees has signed off on an agreement by two rival law firms to consolidate their cases, avoiding a potentially costly and drawn out beauty parade.
Grocon wins right to appeal $13.9M judgment in Dexus lease dispute
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Grocon has won the right to appeal a $13.9 million interlocutory judgment in an ongoing lease dispute with property management firm Dexus, amid concerns that the construction company would be deemed insolvent if it was forced to pay the interim demand notice.