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AMP may have misled the corporate watchdog about the independence of a report by Clayton Utz into its fees for no service policy, Royal Commissioner Kenneth Hayne has found.
Merck Sharp & Dohme, Wyeth gear up for trial over vaccine patents
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Preparations for a December trial between Merck Sharp & Dohme Corporation and Wyeth over four patents for the pneumococcal disease vaccine are underway, and a panel of experts will feature prominently in the high-stakes hearing over the world’s best-selling vaccine.
Sirtex must alert class if cash dips below $80M, judge rules
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Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.
Mastec wins docs in wheelie bin design copying case
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Mobile garbage bin manufacturer Mastec Australia can access documents from a group of city councils and waste management firms to calculate damage it suffered from rival Trident Plastics unlawful copying of its wheelie bin design.
EGR hit with $6M fine for exclusive dealing
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The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.
Westpac class action funder agrees to net commission
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The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case.
Delay in publishing IP judgment creates ‘unsatisfactory state of affairs’, judge says
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A Melbourne computer retailer that plans to appeal a $2.8 million fine for allegedly violating Microsoft’s Windows 7 IP has won a stay of the court’s order, with a judge finding the court’s delay in publishing reasons for judgment created an “unsatisfactory state of affairs”.
Judge shoots down Sirtex bid for class closure order
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A judge has rejected an application by biotech company Sirtex Medical to limit a class action to shareholders who register as group members in the next month, saying a class-closure order could dramatically cut down on the size of the class.
AGM denied anti-suit injunction to block ASIC case
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A judge has shot down a request by financial services company AGM that the court halt an ASIC proceeding seeking to revoke its financial services licence while a Federal Court case against it progresses.
Equifax to pay $3.5M for ‘disgraceful’ conduct
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A judge has signed off on a $3.5 million settlement in a case brought by the consumer watchdog against Equifax Australia, with the credit reporting company admitting it made misleading claims in selling paid credit packages to vulnerable consumers.