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For many in the legal profession the choice of Justice Jayne Jagot to replace the outgoing Justice Patrick Keane on the High Court, heralding a new era of judicial diversity on the top bench, was hardly a surprise.
Grant Thornton, Moore Stephens sued over Linchpin audits
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Embattled investment firm Linchpin Capital has sued auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly used investor money to advance the company’s business interests and line its directors’ pockets.
Full Court upholds validity of Pfizer’s Dynastat patent
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A judge has thrown out competing appeals of a decision finding Pfizer’s patent for its post-operative injectable painkiller Dynastat is valid and that Australian drug maker Juno Pharmaceuticals infringed the patent by selling generic versions of the drug in Australia.
Firm asked rivals not to bid for $250M university project, ACCC says in new cartel case
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The ACCC has brought court action accusing national architecture firm Ashton Raggatt McDougall and its former boss of attempting to rig bids for a $250 million building project at Charles Darwin University by asking competitors not to submit a tender.
CIMIC knocks ballooning pleadings in shareholder class action
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Construction firm CIMIC has foreshadowed a fight over “obscure” new pleadings in a two year-old shareholder class action alleging the company failed to keep the market informed about issues with its Middle East operations.
Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
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A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.
Justice Jayne Jagot picked for High Court in historic appointment
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Federal Court Justice Jayne Jagot has been appointed as the seventh ever female Justice of the High Court, marking the first time in Australia’s history that a majority of judges on Australia’s top court are women.
CBA defeats ‘misconceived’ ASIC conflicted remuneration case
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The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator “ignored the circumstances” in which the product was distributed.
‘I have no faith in your time records’: Class action firm ticks off judge
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A judge who slashed the fees of a law firm that reached a $1.55 million settlement in two class actions against supermarket chain Romeo’s has expressed her “annoyance” at the firm’s attempt to tender time records to justify the bill.
Retiring High Court judge thanks Queensland lawyers for ‘gentle act of subversion’
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The High Court was ostensibly convened in his home state of Queensland to consider special leave applications, but something told Justice Patrick Keane that was not the full story.