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Biotech files new patent suit against Samsung Bioepis over Crohn’s drug
Intellectual Property 2024-09-26 11:55 pm By Sam Matthews

Samsung Bioepis can’t get indemnity costs from Janssen Biotech after it surrendered patents for Crohn’s disease drug Stelara and filed a fresh case based on new patents for the drug. 

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ACCC clears Lendlease’s $1.3B property deal with Stockland
Corporate 2024-09-26 1:52 pm By Sam Matthews

The ACCC will not oppose Lendlease’s plan to sell a portfolio of residential projects to Stockland for $1.3 billion after accepting Stockland’s plan to divest a project in Illawarra. 

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Vanguard hit with record $12.9M penalty in ASIC greenwashing case
Securities 2024-09-25 10:45 am By Sam Matthews

Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.

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Macquarie Bank fined almost $5M for market gatekeeper failures
Financial Services 2024-09-25 1:19 pm By Sam Matthews

Macquarie Bank has been fined a record $4.995 million for failing to stop the placement of suspicious orders on the electricity futures market.

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High Court asked to tackle lawyers insurance ‘monopoly’ in NSW
Business of Law 2024-09-25 11:05 pm By Sam Matthews

An insurer has asked the High Court to hear an appeal with implications for competition in the “monopolised” market for lawyers professional indemnity insurance in New South Wales.

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High Court asked to overrule Brewster in solicitors’ CFO case
Class Actions 2024-09-24 3:34 pm By Sam Matthews

If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.

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Suit alleges barrister used $1.3M of his company’s funds for chambers fees
Securities 2024-09-24 11:41 pm By Sam Matthews

Shareholders in lending platform Marketlend can bring a derivative suit against its directors for allegedly misusing company funds, including spending $1.3 million on barrister chambers fees. 

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Legal secretary’s ‘spiteful’ case against Gadens gets the boot
Employment 2024-09-24 3:52 pm By Sam Matthews

The Fair Work Commission has dismissed a six-year-old unfair dismissal case against Gadens, describing the case as part of an apparent “spiteful campaign” against the firm. 

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Clive Palmer’s nephew fails in appeal of contempt findings
Energy & Natural Resources 2024-09-24 11:43 pm By Sam Matthews

The nephew of Clive Palmer and former director of Queensland Nickel has failed to reverse a decision rejecting his bid to dismiss contempt proceedings related to the company’s collapse.

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Justin Hemmes’ Establishment wins trade mark spat with restaurant
Intellectual Property 2024-09-20 4:29 pm By Sam Matthews

Sydney hospitality mogul Justin Hemmes has prevailed in a trade mark stoush with Brisbane restaurant Establishment 203.

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