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Law firm gets interim $22.6M from J&J settlement, promises to return any excess
Class Actions 2023-04-06 3:15 pm By Christine Caulfield

Shine Lawyers can deduct 50 per cent of its fees and all of its costs from a $300 million settlement in pelvic mesh class actions against Johnson & Johnson while a judge mulls whether the law firm’s total bill is fair and reasonable.

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Crypto exchange Binance loses Australian financial services licence
Financial Services 2023-04-06 11:25 pm By Christine Caulfield

ASIC has cancelled Binance Australia’s financial services licence at the request of the crypto exchange amid a review of the exchanges’ classification of retail clients.

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Crown folds in challenge to rejection of patent for new casino game
Intellectual Property 2023-04-06 5:34 pm By Christine Caulfield

Crown Melbourne has dropped its appeal of a decision by IP Australia that rejected the casino’s application for a patent covering a modified roulette game.

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Downer EDI hit with shareholder class action over ‘accounting irregularities’
Securities 2023-04-04 4:43 pm By Christine Caulfield

Infrastructure services company Downer EDI has been hit with a class action after revealing “accounting irregularities” that sent its share price tumbling.

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Class action seeks court OK to drop case after teleco contractor fails
Employment 2023-04-04 5:26 pm By Christine Caulfield

The applicant in an underpayments class action against telecommunications contractor Tandem — which has been stayed since the company entered administration — has asked a court to abandon the case.

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ACCC casts doubt over claimed benefits of ANZ’s $4.9B Suncorp acquisition
Corporate 2023-04-04 3:29 pm By Christine Caulfield

The competition regulator has cast doubt on the public interest argument for the proposed $4.9 billion ANZ, Suncorp tie-up, saying Tuesday the nature, likelihood and extent of the touted benefits had not been substantiated.

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Banksia class action silk’s wife offers $1.25M settlement
Class Actions 2023-04-03 11:42 pm By Christine Caulfield

Companies linked to the wife of the disgraced Banksia Securities class action silk Norman O’Bryan have offered $1.25 million to settle proceedings seeking to recover a $21.5 million judgment for defrauded investors.

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‘Absolutely ludicrous’: Judge pans witness numbers in ISG sex discrimination case
Employment 2023-04-03 11:59 am By Christine Caulfield

The judge overseeing a sex discrimination and harassment lawsuit by the only female partner at global technology research company Information Services Group has lashed out at the parties for proposing to call a parade of 16 witnesses and estimating the trial would take three weeks.

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Fraud charges against ailing Octaviar director dropped
Financial Services 2023-04-03 3:31 pm By Christine Caulfield

Prosecutors have dropped its fraud case against the former chief financial officer of a unit of collapsed Gold Coast finance company Octaviar Investments, citing his poor health.

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In 30-year squabble with client, law firm’s debt not extinguished, court rules
Business of Law 2023-03-31 11:32 pm By Christine Caulfield

A law firm’s debt for an unpaid bill is maintainable over files sought by a client in a saga dating back to 1993, despite the statute of limitations barring the firm from recovering its fees, a court has found.

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