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Star has extended the exclusivity period for a potential $940 million refinancing deal with Salter Brothers as the struggling casino operator races to head off insolvency.
Construction firm Gradian sues ex-employees over competing business
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Construction and engineering firm Gradian Group is suing a company partially owned by two former employees, alleging it has stolen its equipment and is poaching clients and suppliers, including Boral.
Novartis loses appeal over patent for heart drug Entresto
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Pharmacor will be allowed to sell a generic version of heart drug Entresto after the Full Court rejected Swiss drug giant Novartis’ appeal of a ruling that found an extension of the term of its patent for the drug was invalidly granted.
Origin cops $17.6M penalty in action by Victoria’s essential services watchdog
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Origin Energy has been ordered to pay a record $17.6 million after admitting it breached Victoria’s energy rules, impacting over 670,000 customers.
DePuy class action group member appeals failed challenge to payout
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A group member in a class action against Johnson & Johnson unit DePuy has filed an appeal after he lost a challenge to his compensation determination, 12 years after the case settled.
AIA snags general counsel from MLC Life
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Grant Jones has been appointed general counsel at insurer AIA Australia after nearly a decade at competitor MLC Life.
Expect more declassing bids as class action landscape shifts, experts say
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A judge recently made the rare decision to declass a representative case, and experts say we may see more of the difficult applications as class actions move into areas with greater variation in the circumstances of group members.
Toyota class action’s limitations strategy backfires
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A Toyota flex commissions class action can’t retroactively join claims about alleged junk insurance made in a separate case to protect against a limitations defence, with a judge describing such applications as “prima facie vexatious”.
Keybridge CEO Nick Bolton validly voted out, court finds
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A judge has found that three directors at ASX-listed investment firm Keybridge Capital were validly removed and replaced at a meeting last month.
ACCC shrugs shoulders in face of Coles, Woolworths oligopoly
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The ACCC has found Coles and Woolworths operate as an oligopoly with “little incentive” to compete but has stopped short of recommending a break-up or similar strong measures, saying there is no “silver bullet”.