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Sun Pharma challenges Abilify patent term extension
Intellectual Property 2024-03-22 9:01 am By Sam Matthews

Indian generics company Sun Pharma has taken Otsuka Pharmaceutical to court, alleging an extension for the patent for an injectable form of the Japanese drug maker’s blockbuster antipsychotic Abilify was wrongly granted and should be invalidated.

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Subpoenas to identify group members in Mercedes-Benz class action ‘improper’: judge
Class Actions 2024-03-21 4:32 pm By Sam Matthews

A judge has set aside subpoenas in a class action against Mercedes-Benz over alleged emissions cheating seeking material to identify group members and clarify the composition of the class, finding they were not issued for a legitimate forensic purpose.

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Former EY partner sued over tax loss scheme commissions
Tax 2024-03-21 4:43 pm By Sam Matthews

A client of EY has sued a former partner at the firm, accusing them of collecting $700,000 in secret payments as part of a tax loss scheme.

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Nature’s Care founders can’t suppress all docs in fight with ATO
Tax 2024-03-20 10:11 pm By Sam Matthews

A judge has rejected sweeping suppression orders sought by the founders of vitamin giant Nature’s Care over documents in a $200 million tax debt stoush with the Deputy Commissioner of Taxation, instead making limited suppression orders in light of the “serious” allegations made in the case. 

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Aussie Broadband challenges Superloop sell order amid takeover fight
Telecommunications 2024-03-20 4:19 pm By Sam Matthews

Aussie Broadband is seeking to set aside a notice from the board of internet service provider Superloop directing it to sell down its 19.9 shareholding in the company, arguing the sell order was made for an improper purpose amid a “contested takeover battle” between the companies. 

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WA biotech hit with $1.8M penalty for misleading market during pandemic
ASIC 2024-03-20 3:49 pm By Sam Matthews

A judge has ordered Western Australian biotech Holista Colltech to pay a penalty of $1.8 million for making misleading representations to the market about sales of its natural sanitiser product during the height of the COVID-19 pandemic, and hit its CEO with a four-year ban. 

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Class actions leaped to near-record level in 2023: report
Class Actions 2024-03-19 11:19 pm By Sam Matthews

Driven by competing proceedings, class action filings surged back in 2023, making it the second busiest year for filings ever, according to a new report by law firm Allens.

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Liquidators may have $43M in claims against Blockchain exec, judge says
Cryptocurrency 2024-03-19 2:07 pm By Sam Matthews

A judge has declined to set aside a travel ban against a former director of collapsed cryptocurrency platform Blockchain Global, noting that the company’s liquidators may have claims of up to $42.9 million against him. 

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McCullough Robertson dodges indemnity costs in spat with client over $237,000 bill
Business of Law 2024-03-19 2:48 pm By Sam Matthews

McCullough Robertson has avoided a client’s bid for indemnity costs despite a judge’s finding the law firm waited an “inordinate” amount of time to withdraw a statutory demand for payment of a $237,000 legal bill. 

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Uber to pay $272M to settle taxi driver class action
Class Actions 2024-03-18 8:58 am By Sam Matthews

On the eve of trial, rideshare giant Uber has agreed to pay $271.8 million to settle a five-year-old class action brought by taxi and hire car drivers in four states over the introduction of UberX.

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