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A judge has dismissed a securities class action against Insignia Financial, formerly known as IOOF, in the second judgement in two days to find no loss to shareholders.
High Court to hear appeal in high-stakes stoush over generic Plavix ban
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The High Court has agreed to weigh in on a 16-year battle between the federal government and French drug maker Sanofi-Aventis over an allegedly unjustified court order that prevented the release of a generic version of blockbuster blood-thinner Plavix.
Airbnb to pay $15M penalty for displaying prices in US dollars
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A judge has hit Airbnb with a $15 million penalty for misleading Australian consumers by displaying accommodation prices in US dollars, on top a $15 million consumer redress scheme the vacation rental giant has implemented.
Judge signs off on 24% GCO in a2 Milk shareholder class action
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A judge has approved a 24 per cent group costs order in a consolidated class action against a2 Milk, noting the complexity of the claims against the dairy giant and saying a GCO would align the class action lawyers’ interests with group members’.
Noumi can’t shield lawyer’s evidence in privilege claim over Ashurst, PwC docs
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Noumi has largely lost its bid to shield from a class action parts of its inhouse counsel’s evidence supporting a privilege claim over 3,000 documents seen by Ashurst and PricewaterhouseCoopers during an investigation into the company’s financial position.
ACCC warns of higher prices, weakened competition in push for merger reform
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The Australian Competition and Consumer Commission has renewed its calls for the government to adopt its proposed reforms to the merger regime, warning that consumers and businesses will pay the price for continuing anti-competitive mergers which enable parties to engage in “legal brinkmanship” with the regulator.
In class action re-do, Worley shareholders establish breach but fail to prove loss
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Worley contravened the Corporations Act a decade ago when it failed to correct 2014 earnings guidance for several months, but shareholders in a long-running class action against the engineering services company have failed to prove the breach caused any loss, a judge has found.
Lehrmann ‘plied’ Higgins with alcohol on night of alleged rape, says lip reader
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A lip reading expert has given evidence of his interpretation of CCTV footage at a bar on the night Bruce Lehrmann allegedly raped Brittany Higgins, saying he “encouraged” her to finish drinks, a claim the former Liberal staffer has denied.
Reynolds’ chief of staff refused orders to make report of Higgins incident, court told
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Senator Linda Reynolds’ former chief of staff Fiona Brown has told a court she refused directions from two ministers to make a report to federal police, saying Brittany Higgins had not yet alleged she was sexually assaulted by fellow Liberal staffer Bruce Lehrmann and that the ministers were “covering themselves”.
Judge ‘abundantly satisfied’ strip search case against NSW should continue as class action
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A judge has found that a lawsuit against the state of NSW over hundreds of allegedly illegal strip searches conducted by NSW police at music festivals over a six-year period should move forward as a class action.