DePuy class action member’s appeal may involve novel issue for Full Court

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A challenge to a compensation determination by a group member in a class action against Johnson & Johnson unit DePuy may involve novel questions for the Full Court on the role of scheme administrators, a judge has said.

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Director barred from representing pawnbroker Taylors in class action

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A judge has blocked the director of Taylors Business from representing the company in a consumer class action, finding he will not be of any assistance to the court. 

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Sanjeev Gupta companies ordered to lodge missing annual reports

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Companies in the steel empire of billionaire Sanjeev Gupta have been ordered to lodge outstanding annual financial reports after the corporate regulator brought court action.

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Crown Resorts to pay $73M to settle shareholder class action

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Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.

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Banksia class action members launch case against Arnold Bloch Leibler, partner

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Arnold Bloch Leibler and a litigation partner at the law firm are among defendants named in a new case for their representation of the mastermind behind the scandal-ridden Banksia Securities class action.

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United Petroleum property manager had no authority to negotiate lease: court

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A court has found that United Petroleum is not bound by the terms of a signed lease offer sent to a neighbouring Gold Coast pharmacy operator, ruling the company’s property consultant had no authority to negotiate or enter into a new lease on its behalf. 

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Indigenous group to get cut of profits in first-of-its-kind BESS deal

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Ashurst has advised renewable energy company AMPYR Australia on a novel equity partnership and participation model with the Aboriginal community for a battery energy storage system in NSW’s Central Western Slops region.

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$800M investment in Aliro Group’s industrial vehicle by Canada pension fund

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Joining CBRE Investment Management in fast-tracking developer Aliro Group’s flagship industrial vehicle, Canadian super fund PSP Investments has committed up to $800 million for investment.

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