Class Actions
High Court to hear appeal in CBA shareholder class actions
The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.
Qube
Qube agrees to Macquarie’s $11.7B takeover offer
Qube's board has accepted an $11.7 billion takeover offer by a Macquarie Asset Management-led consortium, saying the deal represents a "significant premium" on the infrastructure giant's share price.
Financial Services
ASIC failed to warn Equity Trustees about Keystone fund, court told
Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member's investment in the now defunct Shield fund, saying the regulator failed to warn it.
Class Actions
Egg donors tossed from IVF rebate class action
Women who donated eggs to their same-sex partners have been removed from a class action that claims women and lesbian couples were unlawfully denied Medicare rebates for IVF.
Defamation
Daniel Andrews hits back at defamation case over bike collision
The cyclist involved in a collision with former Victorian premier Daniel Andrews and his wife wanted more than half a million dollars in return for dropping threats of defamation proceedings, the couple has told the Federal Court.
Financial Services
Despite flight risk concerns, Shield-linked director can leave Australia
A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.
Intellectual Property
Maker of ‘Rebel Whopper’ takes patent beef to court
The start-up behind Hungry Jack's plant-based 'Rebel Whopper' wants a court to review IP Australia's decision that a proposed patent covering its fake meat product didn't pass muster.
Competition & Consumer Protection
ACCC clears Ramsay Health acquisition of National Capital
Private hospital operator Ramsay Health has won swift ACCC approval for its $251 million acquisition of Canberra hospital National Capital Private Hospital from Healthscope, with the regulator completing its review in three weeks.
Employment
FWC discontinues case against two Health Workers Union execs
The Fair Work Commission has dropped claims against two union officials following mediation in proceedings against Health Workers Union secretary Diana Asmar over an alleged $2.7 million false invoicing scheme.
Class Actions
Class action firm concedes ATE case law a ‘mess’, but defends carve-out
The law firm running a no win, no fee class action against ANZ and superannuation trustee OnePath has defended a $1.7 million cut from a $50 million settlement to cover an after-the-event insurance policy.
