Employment
Coles, Woolworths facing $780M underpayments bill after court ruling
Coles and Woolworths estimate they will need to remediate underpaid workers up to $780 million, following a complex judgment in two class actions and regulatory proceedings handed down last week.
Intellectual Property
Regeneron, Bayer lose bid to block Sandoz from launching Eylea biosimilar
Regeneron and Bayer have lost their bid to block generic drug maker Sandoz from launching a biosimilar of their blockbuster eye drug Eylea.
Intellectual Property
Wollemi Capital resolves trade mark spat with Tesla chair’s family office
CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.
Appeals
Nuix appeals ruling putting it on the hook for $20M in legal bills
Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.
Financial Services
Receivers appointed to Australian Fiduciaries entities amid probe over missing $167M
A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.
Business of Law
Dishonesty charge against lawyer an ‘unfortunate, unnecessary overreach’: tribunal
A tribunal has taken aim at ACT's legal watchdog for its "overreach” in pursuing a dishonesty charge against a lawyer, who claimed he was duped by a client.
Business of Law
Lander & Rogers hires new disputes partner from Holding Redlich
Lander & Rogers has welcomed an administrative law pro as a partner in its Sydney-based commercial disputes team.
Class Actions
Court slashes law firm’s contingency fee in Hino class action
A judge has hacked Maurice Blackburn’s promised cut of an $87 million settlement in a class action against Hino Motors, saying the 24.66 per cent group costs order previously approved by the court would result in a “disproportionate return” to the firm.
Social Media
Meta loses second strike-out bid in ACCC crypto ads case
Meta has lost its latest bid to strike out the consumer regulator’s case alleging it failed to put up “reasonable safeguards” to prevent scam cryptocurrency ads on its Facebook platform.
Class Actions
‘This should not be done again’: Judge slams complex Coles, Woolworths trial
A judge has criticised the “unacceptably complex” trial of two regulatory cases and two underpayments class actions against Coles and Woolworths, delivering a ruling whose significance for the workers is not yet clear.
