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A $37.75 million settlement has been reached in a shareholder class action against Estia Health that accused the aged care provider of failing to disclose difficulties in its 2015 and 2016 acquisition strategy.
Merck Sharpe & Dohme sues Sandoz to block Januvia generic
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US pharmaceutical giant Merck Sharp & Dohme has taken Sandoz to court for allegedly threatening to infringe the patent for its multibillion-dollar diabetes drugs Janumet and Januvia.
GetSwift slammed for ‘unfair attack’ on judge hearing class action, ASIC case
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GetSwift has been criticised for its “quite unfair attack” on a Federal Court judge who refused to disqualify himself from hearing a shareholder class action against the logistics software company after presiding over ASIC’s civil penalty proceeding against the company.
Hyundai faces class action investigation over recalled cars
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South Korean car maker Hyundai is facing a possible class action after it recalled over 90,000 cars earlier this month over safety concerns.
Law firm ordered to cease acting in $51M property spat with ex-client
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A judge has ordered a Melbourne-based law firm to stop acting for property company Xriso in a case against a former client over the terms of a deposit for a $51 million Werribee development in which the firm’s managing partner is likely to be a key witness.
Trial against Mayfair goes ahead undefended, as a muted Mawhinney listens in
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The Australian Securities and Investments Commission presented its misleading and deceptive conduct case against companies in the Mayfair Group in an undefended trial on Monday, while the beleaguered investment group’s director watched the online proceedings as a muted observer.
Liquidators say Arrium directors should have known about ‘liquidity crisis’ sooner
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The directors of steel giant Arrium, which collapsed owing $4 billion in debts, should have known earlier that the company was in a “liquidity crisis” and was trading while insolvent, liquidators for the company allege.
ACCC’s conduct in cartel case ‘troubling’, says lawyer for NQCranes
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Counsel for Queensland-based NQCranes has lashed out at the ACCC for seeking to amend its cartel action against the crane company, telling a court the regulator had been warned for months that the case was deficient.
‘Blue veined or not’: Delegate says ‘Roquehort’ mark would mislead cheese buyers
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A French geographical indication body has triumphed in its opposition to a bid to trade mark the name ‘Chateau Roquehort’ for dairy products, with a delegate finding that Australians would wrongly associate the name with blue cheeses from France.
Judge seen kissing female associate has been ‘counselled’, court says
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A court has confirmed reports of “inappropriate conduct” by one of its judges who was reportedly seen kissing his female associate at a nightclub.