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A judge has questioned a tiered contingency fee arrangement in a proposed group costs order by the law firm running a shareholder class action against Crown, asking whether the lower-end percentages were “meaningless”.
Allianz loses fight with Probuild over $1B West Side Place development bonds
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Insurer Allianz has lost its bid to claw back millions in performance bonds provided to collapsed building company Probuild in relation to works at a $1 billion development in the Melbourne CBD.
Purdue unit sued over patent extension for opioid Targin
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Australian pharmaceutical company AUPharma has sued the international arm of Purdue, alleging it was wrongly granted patent extensions for several oxycodone products marketed as Targin.
Government flags reforms to copyright laws
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The federal government has foreshadowed a review of Australia’s copyright enforcement regime, citing the need to maintain “a healthy environment for artists.”
ACCC lays new turf with first standalone concerted practices enforcement outcome
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The ACCC has secured its first enforcement outcome related solely to the concerted practices provisions of the competition law, in a case that shows the watchdog is willing to take action to prevent what it sees as anti-competitive practices that include sharing sensitive price information, write Gilbert + Tobin’s Jeremy Jose, Sarah Lynch and Katie Latham.
Court tosses Equivac horse vaccine class action against Zoetis
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A judge has dismissed a class action brought against animal health giant Zoetis over alleged side effects resulting from its Hendra virus horse vaccine, finding there were “too many uncertainties” in the applicant’s evidence.
Law firms ordered to join forces in Blue Sky, EY class action
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A judge has ordered two law firms that filed competing shareholder class actions against failed Blue Sky Alternative Investments and auditor EY to team up to run a consolidated proceeding, despite opposition by one firm.
Judge doubts law firm gave ‘full and frank advice’ on fees in Drake’s class action
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Keeping up her scrutiny of fee disclosures by Adero Law in employment class actions launched in her court, a judge has questioned whether the law firm breached its fiduciary duty to the lead applicant in litigation against Drakes Supermarkets.
Fintech Block Earner latest target of ASIC’s crackdown on crypto
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Fintech company Block Earner has been hit with enforcement action by the corporate regulator alleging it sold crypto asset products without a licence and operated an unregistered managed investment scheme.
$1M penalty against NQ Cranes over cartel agreement gets court’s OK
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A judge has approved a $1 million penalty against Queensland crane company NQ Cranes for engaging in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.