Law firm looks at short-seller VGI in class action probe ‘twist’

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Maurice Blackburn is investigating a possible class action after the share price of Corporate Travel Management plunged 27 percent on Wednesday, and will look at the role of VGI Partners in the sudden stock drop. 

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Alphapharm slams Sanofi amendment delay in injunction battle

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Generic drug maker Alphapharm says rival Sanofi-Aventis waited to amend its injector pen patent until the heated IP battle between the two firms had commenced, despite knowing about the amendments for three years.

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‘Disappointed’ judge decries delays in Sydney light rail class action

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A judge has expressed frustration at the slow pace of the Sydney light rail class action, forcing both parties to commit to a timetable that will push the proceeding more rapidly towards a final hearing.

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Fintech founder to pay for judge to fly to UK for testimony of ex-Visa boss

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The founder of a fintech company suing Visa for allegedly abusing its market dominance is flying a Federal Court judge to the UK to preside over the examination of a key but reluctant witness in the case, former Visa boss Rupert Keeley.

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UGL knew LNG project was behind schedule by April, class action says

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UGL knew by April 2014 that there were delays with the Ichthys LNG project, but failed to make required disclosures to shareholders, according to an amended pleading in a shareholder class action against the engineering company.

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Judge OKs $2.5M penalty against hearing aid cos. in ACCC case

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A judge has approved a $2.5 million penalty against two hearing aid retailers in the consumer regulator’s case alleging the companies targeted vulnerable pensioners with misleading newspaper ads.

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Surfstitch class action settlement in peril as debate rages over opt-out notice

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Judges do not have the power to approve a class action settlement without first issuing an opt-out notice to group members, the court-appointed contradictor in two shareholder class actions against online fashion retailer Surfstitch told the NSW Supreme Court Thursday.

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Ashley Services class action sent back to mediation for settlement talks

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Private education provider Ashley Services may be close to settling a shareholder class action, according to a court order sending the parties in the case to a second mediation session before the end of the year.

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Funder’s cut, legal fees in $64M Banksia settlement rejected on appeal

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An appeals court has rejected the funder’s commission and legal fees stemming from a $64 million settlement in litigation over the failure of Banksia Securities, but granted approval to the settlement.

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