Mergers of major electricity generators would be blocked and the energy regulator given more power to combat market manipulation under sweeping reforms to reduce rising energy prices released by the consumer watchdog Wednesday.
The judge overseeing a class action against Johnson & Johnson over allegedly defective vaginal mesh products has asked the applicants to weigh in on a recent UK High Court ruling that found there must be an abnormal risk in order for a product to be considered defective.
A trial is set to kick off at the end of July in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.
An Adelaide nail salon boss engaged in an “elaborate sham” to conceal the underpayment of two migrant workers by creating false time sheets, a court ruled Tuesday in fining the employer and his company $130,000.
Despite the growth in class actions and the increasing popularity of litigation funding, many funders won’t be able to able to survive in the inherently risky business, Burford Capital managing director Craig Arnott told Lawyerly.
Multiple class actions against troubled sandalwood oil producer Quintis will soon compete to stay alive after a court heard Tuesday the company would bring an application to stay or consolidate the cases.
IMF Bentham is considering funding a privacy class action against Facebook for allowing political research firm Cambridge Analytica to harvest information from the Facebook accounts of over 311,000 Australians.
The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank’s systems for assessing money laundering and terrorism financing risk were deficient.
The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.
A judge has issued a mixed ruling in a long-running battle between US tyre giant Goodyear and UK rival Dunlop over trade marks for the words ‘Dunlop’ and ‘Flying D’.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
