Appeals
Cosette says Mayne backfilled sales estimates to meet $69.8M forecast
Kicking off its appeal of a finding that it couldn't walk away from a $672 million merger agreement with Mayne Pharma, US drug company Cosette has told a court that Mayne was not upfront about its financial position prior to the deal.
Business of Law
‘Is a woman speaking?’: New judge calls out gender inequity at the Bar
Incoming NSW Supreme Court Justice Kate Richardson has used her swearing in speech to raise the alarm about ongoing gender inequity among barristers.
Superannuation
Judge weighing $10.3M penalty sends ASIC, Mercer back to the drawing board
A judge wants more details about a $10.3 million agreed-to penalty in proceedings brought by ASIC accusing Mercer Super of "longstanding and systemic" compliance failures.
Defamation
Luke Sayers loses bid to transfer wife’s defamation case to closed court
Former Carlton president and PwC chief executive officer Luke Sayers has lost his bid to transfer his wife’s defamation case over an explicit image posted to his social media account to the Family Court, where the proceedings would be confidential.
Employment
Carbone Lawyers accuses former solicitors of taking confidential info to rival
Melbourne-based firm Carbone Lawyers has filed a case against two former solicitors who moved to a rival firm, claiming they breached their confidentiality obligations.
Insurance
Insurers seek Deloitte reports in litigation over Greensill collapse
Insurers Marsh Limited and Insurance Australia Limited are seeking production of two reports by Deloitte commissioned by a Swiss law firm in litigation over the collapse of supply chain finance company Greensill Capital.
Business of Law
Report finds AI having no effect on billable hours at large firms
While law firms have swiftly adopted artificial intelligence to boost efficiency, a recent report has found that AI is not affecting most large Australian law firms’ billable hours, raising questions about whether savings are being passed on to clients.
Competition & Consumer Protection
ACCC approves Ampol’s $1B buyout of EG Australia with divestitures
The ACCC has signed off on Ampol’s $1.1 billion acquisition of fuel and convenience retailer EG Australia after it agreed to sell off some of its fuel sites, the first deal cleared under a complex phase two review.
Class Actions
Judge closes race discrimination class action against Adani
A judge has closed a racial discrimination class action against Adani’s Australian mining business after finding that it sought to go “much further” than the complaint filed with the Australian Human Rights Commission.
Environment
Client that lost spat with Tweed Shire Council can inspect lawyers’ file
A judge has found that a trustee accused of being jointly liable for $790,000 in costs arising from Land and Environment Court proceedings can inspect his Gold Coast lawyers’ files to decide whether to sue them for negligence.
