Mesoblast faces fresh class action investigation over stem cell therapy claims

Posted on by Bianca Hrovat
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A second class action investigation against regenerative medicine company Mesoblast is underway, this one looking at claim it misled shareholders about the potential application of a developmental stem cell product to treat terminally-ill children.

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PepsiCo takes ATO to court for taxing bottling payments by Schweppes

Posted on by Miklos Bolza
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PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.

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Senator Matt Canavan’s brother can probe claims against Glencore

Posted on by Miklos Bolza
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The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.

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Lawyers plan second class action against Scenic Tours over disrupted European cruises

Posted on by Bianca Hrovat
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Scenic Tours is facing a potential second class action over a series of European cruises that went ahead in 2018 despite a record-breaking drought that saw river levels drop so low they became impassable.

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Wotif founder ordered to pay $15M in aquaculture share dispute

Posted on by Miklos Bolza
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Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.

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Hall & Wilcox boosts finance, corporate expertise with hire of Reserve Bank deputy GC

Posted on by Bianca Hrovat
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Hall & Wilcox has lured a senior finance, corporate and regulatory lawyer from the Reserve Bank of Australia, in what is being described as a major coup for the practice.

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Funder may walk if 40% group costs order rejected in Arrium class action

Posted on by Miklos Bolza
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A funder that’s helping foot the bill in a class action against Arrium’s former directors and KPMG may withdraw support if the law firm that’s running it is not granted an order awarding it 40 per cent of any award or settlement.

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Judgment leaves ‘thousands of businesses’ with valid COVID-19 claims, class action lawyer says

Posted on by Cat Fredenburgh
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An appellate victory by insurers in a test case over business interruption coverage for losses stemming from the COVID-19 pandemic does not spell the end to class actions brought on behalf of businesses whose claims were denied, according to a lawyer for the class actions.

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