Banksia class action lawyers make $10.6M settlement offer

Please login to bookmark Close

Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case that has put them on the hook for at least double that sum.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures

Please login to bookmark Close

Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

Deloitte foreshadows new privilege battle in Hastie class action

Please login to bookmark Close

Another fight over privilege may be on the cards in a shareholder class action over the collapse of the Hastie Group, with Deloitte flagging its partners may claim privilege over certain parts of the accounting giant’s evidence.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

Settlement talks in Astora pelvic mesh class action ‘well advanced’

Please login to bookmark Close

Settlement talks in a class action brought by Shine Lawyers against Astora Women’s Health on behalf of women injured by allegedly defective pelvic mesh products are “well advanced”, while mediation in two similar actions is ongoing, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

Class action can’t sue over government funding decisions, NT says

Please login to bookmark Close

The Northern Territory government has hit back at a class action over allegedly underresourced and discriminatory healthcare services in the Indigenous community of Wadeye, saying it cannot be sued over its funding decisions.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

Law firm can’t slug group members with adverse costs bill in bushfire class actions

Please login to bookmark Close

A law firm that ran two class actions over the St Patrick’s Day bushfires has lost a bid to have group members foot the bill for $50,000 in adverse costs, with a judge saying there was “no basis” for the request.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

Bayer tries to revive patent term extension for contraceptive drug

Please login to bookmark Close

Bayer says the patents office was wrong to quash an extension for its patent covering an oral contraceptive on the grounds that its application should have been based on a drug with an earlier approval date.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

ACCC flags supply chain competition in COVID-19 era as new priority

Please login to bookmark Close

The ACCC will target businesses seeking to use COVID-related disruptions to global and domestic supply chains as “a veil for illegal conduct” the watchdog’s outgoing chair has said in setting out the regulator’s priorities for 2022.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?