Law firm abandons Banana Boat class action

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Bannister Law has dropped its investigation of a possible class action against the makers of Banana Boat aerosol sunscreen, which faced numerous complaints by consumers who claimed they were burned while using the spray-on sunblock

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Arrow, Apotex win ACCC approval to create mega generic drug co.

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Generic drug makers Arrow and Apotex have won the ACCC’s blessing for a tie-up that will create the largest generic drug supplier in Australia, with the competition regulator saying the deal will not substantially lessen competition.

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Senator looks to shut down Hanson-Young defamation case

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Senator David Leyonhjelm wants the Federal Court to toss a defamation lawsuit filed by Senator Sarah Hanson-Young, saying the court is barred from hearing the case due to parliamentary privilege

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Union in UAE Exchange suit scolded for ‘throwing case into chaos’

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A landmark trial brought by the Financial Sector Union of Australia against UAE Exchange Australia has been vacated after a judge accused the union of “throwing the case into chaos” with a belated expert report.

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Sirtex shareholders fear ‘bare cupboard’ for class action after takeover

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Shareholders in a class action against Sirtex Medical have lost a bid for an order preventing the life sciences company from quietly moving $128 million in cash assets out of the country after its $1.9 billion takeover by a Chinese private equity company comes into effect Thursday, but the battle over the money will likely continue.

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Genome editing patent gets thumbs down by IP Australia

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A patent for genome editing technology by a South Korean biotechnology company has been rejected for a lack of clarity, novelty, and inventiveness, but the Australian Patent Office has given the company two months to try again.

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BMW says court can’t make funding order in Takata class actions

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BMW Australia plans to challenge the NSW Supreme Court’s power to create a common fund order spanning six class actions brought against major players in the automotive industry over defective and dangerous Takata air bags.

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Financial adviser wins challenge to ASIC’s life ban

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The Australian Securities and Investments Commission failed to establish any grounds for permanently banning an ANZ financial adviser from the industry, a tribunal said in setting aside the decision Tuesday. 

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