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The Quintis shareholder class action trial could be delayed for almost two years, while ASIC runs its civil proceedings case against the founder of the sandalwood oil production company.
GSK, Pfizer merger won’t cause Nurofen maker any pain, ACCC says
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The Australian Competition and Consumer Commission has signed off on pharmaceutical giant GlaxoSmithKline’s proposed acquisition of fellow heavyweight Pfizer, a merger which will put pain medications Panadol, Voltaren and Advil all under one roof, with the competition cop saying Nurofen maker Reckitt will still be able to compete.
Judge sides with ASIC, finds insolvent hedge fund Goldsky operated without a licence
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A judge has found embattled hedge fund Goldsky breached the Corporations Act by providing financial services in Australia without a licence.
Bauer’s appeal victory means curtain call for Discover Downunder trade mark
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Bauer Consumer Media has won a five-year legal battle over Evergreen Television’s Discover Downunder trade mark, with the Full Federal Court setting aside a prior IP Australia decision and deregistering the mark.
Judge signs off on 25% cut for funders in Spotless class action
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A judge has approved funding terms in a shareholder class action against facility services company Spotless Group under which the funders will get no more than 25 percent of any net settlement or judgment.
Judge slams Copyright Agency’s $32.5M interim request from universities as ‘absurd’ and ‘unfair’
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A group of 39 of Australia’s largest universities has managed to avoid paying its full $32.5 million annual fee to Copyright Agency Ltd, while a dispute over the terms of a licence remains unresolved.
Guy Sebastian, ex-manager Titus Day take dispute off stage
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Pop singer Guy Sebastian will enter mediation later this month in an attempt to settle his dispute with former manager Titus Day over allegedly unpaid entitlements for promotional work.
Ex-Radio Rentals CEO dragged into class action, says he ‘can’t afford lawyers’
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A judge has granted a bid to add former Radio Rentals CEO James Marshall and the beleaguered company’s insurer, AIG Australia, as respondents in a class action, over the protests of Marshall’s lawyer, who said his client couldn’t afford to pay for his defence.
BHP faces record $7B class action in UK court over Brazil dam collapse
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Mining giant BHP has been hit with the biggest class action in UK history on behalf of over 235,000 Brazilians claiming more than AUS$7 billion in damages resulting from the disastrous Fundao dam collapse in 2015.
HWL must produce files in case accusing partner of diverting client funds to pay legal bill
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A judge has dismissed HWL Ebsworth’s claims of a “fishing expedition” and granted discovery of a slew of internal documents relevant to allegations a partner at the law firm encouraged a company’s directors to unlawfully divert insurance proceeds to pay almost $150,000 in legal bills.