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Law firm Herbert Smith Freehills has strengthened its financial services practice by luring two seasoned partners from Minter Ellison.
Landmark class closure judgments ‘plainly wrong,’ appeals court told
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Judgments shooting down a class closure order and nixing notice of a possible class closure order were “plainly wrong” and “infected” by faulty reasoning, the Full Federal Court has heard.
Ford class action parties battle over potential appeal blowout
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An appeal in a class action over Ford’s alleged defective Powershift transmission could blow out by a week, with the applicant filing a cross appeal in a case that comes down to three provisions of the Australian Consumer law given little or no attention by the Full Court.
‘Wolf trader’ can wait until ASIC shows its cards, judge says
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The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, will not have to provide a concise statement in response to the Australian Securities and Investments Commission’s case accusing him of providing unlicensed financial services, a judge has ruled.
Celgene drops patent suit against Dr Reddy’s over Revlimid generic
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Bristol-Myers Squibb unit Celgene has dropped a lawsuit accusing Indian generics company Dr Reddy’s Laboraties of threatening to infringe its patent for Revlimid with the planned launch of a generic version of the blockbuster cancer drug in Australia.
Second woman appointed to chief justice role in Queensland
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Supreme Court of Queensland judge Helen Bowskill has been named the state’s new chief justice, only the second woman to ever hold the position.
eSense directors cop $190,000 penalty over defamatory letters, ASX statements
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The former directors of an Isreali life sciences company have been hit with $190,000 in damages after a judge found they maliciously defamed a former colleague in a series of ASX announcements and letters.
ALP loses challenge to federal takeover ahead of election
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Members of the Victorian Labor party and associated unions have lost a bid to overturn a judge’s finding that the pre-selection of ALP candidates in Victorian electorates by federal administrators during their takeover of the state party was lawful.
Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
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A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.
Mayfair’s ex-lawyers may fight claim that ‘flagrant incompetence’ led to court loss
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Former legal representatives of companies in the Mayfair 101 group are considering an application to strike out part of an appeal that alleges their “flagrant incompetence” led to director James Mawhinney copping a 20-year ban on soliciting investor funds.