Class Actions
Crown’s $73M shareholder class action settlement wins court OK
A court has approved Crown Resorts' $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff's law firm.
Business of Law
UK class action firm Pogust Goodhead closes Sydney office
A year and a half after moving into the Australian class action market with an $835 million war chest, UK plaintiffs firm Pogust Goodhead has quietly closed its Sydney office.
Telecommunications
ACMA to look at Sigtel’s investment in Optus network after Triple Zero failure
ACMA has kicked off an investigation into a 13-hour Optus Triple Zero outage connected to three deaths in two states, promising to look at Singapore-based parent company's Singtel's investment in the company's network and reporting systems.
Employment
Wiggles CEO ‘failed to appreciate’ that founders had creative control, defence says
Children's music juggernaut The Wiggles denies claims in an adverse action case by its former CEO and says he was axed because he lost the trust of Captain Feathersword and the gang.
Intellectual Property
Target, Kmart accused of selling knock-off Van Cleef jewelry
The owner of luxury brand Van Cleef & Arpels has taken retailers Target and Kmart to court, alleging they infringed its trade marks and violated consumer law by selling jewellery that copy its hallmark clover and flower motifs worn by countless celebrities and royalty.
Healthcare
EVP drags share sale parties into case against Strongroom AI
Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Energy & Natural Resources
Court finds Argentina validly served in suit to enforce $24.3B judgment
Two minority shareholders in Argentina’s state-controlled oil company have won a dispute over service in their case seeking to enforce a $24.3 billion judgment awarded in a US court.
Telecommunications
Optus alerted to triple zero outage hours before restoring service, CEO says
Two Optus customers alerted the company to a triple zero outage , during which four people died, hours before the telecommunications provider restored the emergency service, CEO Stephen Rue has revealed.
Trials
Class action against Murray Darling Authority can tweak case mid-trial
A class action alleging negligent management by the Murray Darling Basin Authority can amend their case four weeks into trial, with a judge finding the late application was not the result of a “deliberate forensic decision”.
ASIC
ASIC head Joe Longo to depart at end of term
Australian Securities and Investments Commission chair Joe Longo will hang up his badge after his term as head of the corporate cop ends in eight months.
