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The ACCC has brought a cartel case against biologics company Cryosite for agreeing to coordinate with competitor Cell Care prior to the completion of their merger agreement.
Funder slashed rates to secure $132.5M QBE settlement, judge says
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The litigation funder behind the Federal Court’s precedential ruling that established the first common fund order in an Australian class action agreed to cuts its rates as part of negotiations that resulted in the $132.5 million settlement of the class action against QBE Insurance.
AMP class action turf war escalates with threat of anti-anti suit injunction
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The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.
Squire Patton Boggs lawyer says Fitch having a discovery ‘whinge’ in class action
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Facing cross-examination over the law firm’s bid to add fraud and deceit claims to a class action against Fitch Ratings, a Squire Patton Boggs lawyer exchanged fire with a barrister for the ratings agency, saying Fitch was having a regular “whinge” about discovery and “no” she would not take the comment back.
Sportsbet wins temporary injunction against CrownBet rebrand
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Online bookmaker Sportsbet has secured an interim injunction against Crownbet that temporarily blocks its rival from plans to rebrand its betting company Sportingbet.
ACCC calls for major fixes to ‘broken’ electricity market
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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.
Ethicon applicants asked to weigh in on UK ruling on defective products
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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.
Provident Capital class actions near trial date
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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.
Nail salon boss glossed over records in FWO case
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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.
Burford Capital managing director predicts many litigation funders will fall
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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.