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Accused fraudster Melissa Caddick spent every cent of investors’ money, liquidator says
White Collar 2021-02-24 10:56 pm By Christine Caulfield

Missing Sydney businesswomen Melissa Caddick was “meticulous and systematic” in generating fake financial records but never made a single investment, pocketing tens of millions of dollars from unwitting family and friends, liquidators say.

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Court to hear another COVID-19 business interruption test case
Insurance 2021-02-24 10:00 pm By Cat Fredenburgh

A group representing insurers has filed another test case over pandemic coverage in business interruption policies, following a landmark loss in a test case concerning an infectious disease exclusion that could cost insurers $10 billion.

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Patent attorneys who jumped ship hit back in Pizzeys client poaching lawsuit
Intellectual Property 2021-02-24 9:49 pm By Spencer Fowler Steen

Two patent attorneys being sued by boutique IP firm Pizzeys Patent and Trade Mark Attorneys have hit back against claims they misused confidential information to poach clients, arguing the terms of the non-compete restraint in their employment contracts were “unclear”, “unreasonable” and “unenforceable”.

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Judge to hear first application for group costs order in ANZ, Westpac class actions
Class Actions 2021-02-24 6:24 pm By Spencer Fowler Steen

The first ever application for a group costs order will be heard in class actions against ANZ and Westpac, and the judge weighing the application has urged the parties to think carefully about the evidence they will submit in support of their bid for a cut of any settlement or judgment.

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Baker McKenzie repped client for two and half years that did not exist, court told
Class Actions 2021-02-24 5:59 pm By Miklos Bolza

For two and a half years, law firm Baker McKenzie represented a client in class action litigation over allegedly defective pelvic mesh products that did not exist, a court has heard.

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$27M settlement rejected in pelvic mesh class action, group members may learn
Class Actions 2021-02-24 5:51 pm By Miklos Bolza

The rejection of a $27 million settlement offer in a class action over American Medical Systems’ pelvic mesh products may be included in a proposed opt out notice, with a judge mulling whether to inform group members about a little used law which allows one lead applicant to take over from another.

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Herbert Smith Freehills advice to Horizon Oil protected by privilege, judge rules
Defamation 2021-02-24 4:58 pm By Cindy Cameronne

Horizon Oil has won its bid to shield Herbert Smith Freehills documents advising the company did not breach foreign bribery laws from being revealed in a defamation lawsuit brought against Fairfax Media by a Papua New Guinea government Minister.

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a2 Milk trade mark disputes with Lion Dairy near settlement, court told
Intellectual Property 2021-02-23 5:09 pm By Spencer Fowler Steen

Two high stakes lawsuits brought by a2 Milk Company against rival dairy producers over the use of a2 as a trade mark are “very likely” to reach resolution next week, a court has heard.

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Freedom Foods, Deloitte hit with second class action over $590M writedown
Class Actions 2021-02-23 4:45 pm By Miklos Bolza

Food and beverage manufacturer Freedom Foods and accounting giant Deloitte have been hit with a second class action by irate investors seeking compensation for “accounting errors” that led to a $590 million write-down in November last year.

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Murray Goulburn insurer says it shouldn’t be on the hook for class action settlement
Insurance 2021-02-23 3:06 pm By Spencer Fowler Steen

Murray Goulburn insurer AIG Australia says it should not have to pay 20 per cent of a $42 million class action settlement reached by the dairy cooperative, arguing on Tuesday that the class action claims failed to satisfy the definition of a “securities claim” in its insurance policy.

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