ASIC has won its bid to wind up accused Sydney fraudster Melissa Caddick’s company and appoint final receivers to realise her assets, paving the way for some repayment to the dozens of family and friends who invested with Caddick and are still owed $23.5 million.
Bristol-Myers Squib unit Celgene Corporation has sued Indian generics giant Dr Reddyâs Laboratories for allegedly threatening to infringe eight patents for its blockbuster cancer drug Revlimid, which raked in US$12 billion for the US-based company in revenue last year.
IP Australia has won its appeal of a judgeâs decision to allow four Aristocrat patents for its popular Lightning Link electronic poker machine to proceed to grant, with the Full Court finding the invention merely implemented an abstract idea on a computer and was not patentable.
Mayfair 101 director James Mawhinney is seeking disciplinary action against ASICâs lawyers over a media release accusing him of breaching a 20-year ban on raising funds and which disclosed the regulator had asked a court to hold him in contempt.
A former partner at accounting firm Pitcher Partners has told a court that he had issues working with Ernst & Young on an audit of law firm Slater & Gordon, calling the Big 4 firm “uncooperative”.
A former partner at accounting firm Pitcher Partners has testified during a shareholder class action trial that he should have questioned statements about the viability of Slater & Gordonâs $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went âoff the railsâ.
A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade âgentlyâ in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.
The lead applicant in a shareholder class action over Slater & Gordonâs disastrous $1.2 billion Quindell acquisition has said he might have âdumpedâ his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Youngâs allegedly faulty advice.
The legal market has experienced unprecedented growth during the last year despite the coronavirus pandemic, but law firms are âbattlingâ to retain and hire lawyers, a CBA report has found.
Accounting firm Pitcher Partners was âsolely responsibleâ for giving allegedly negligent advice about Slater & Gordonâs disastrous $1.2 billion Quindell acquisition ahead of the law firmâs massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firmâs shareholders.