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ANZ faces shareholder litigation over climate risk management
Financial Services 2023-11-10 2:07 pm By Christine Caulfield

ANZ is facing proceedings by a shareholder who wants the bank to turn over documents related to its risk management systems in response to concerns it is increasing loans to fossil fuel companies and failing to properly address climate change risks.

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Samsung Bioepis takes aim at patents for eye disease biosimilar
Intellectual Property 2023-11-09 11:23 pm By Cat Fredenburgh

South Korean biosimilars company Samsung Bioepis has sued to invalidate two patents held by a German competitor for a pre-filled syringe to treat age-related eye diseases, as generic drug makers race for a piece of the lucrative eye drug market.

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FleetPartners hit with shareholder class action
Class Actions 2023-11-08 2:48 pm By Cat Fredenburgh

Fleet management company FleetPartners has been stung with a shareholder class action over a revised 2019 earnings guidance that doomed its planned merger with McMillan Shakespeare.

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ASIC sues TelstraSuper in first case over dispute resolution rules
Financial Services 2023-11-06 12:40 pm By Sam Matthews

The Australian Securities and Investments Commission has filed its first-ever case over internal dispute resolution regulations, targeting Telstra Super over its handling of customer complaints.

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OAIC takes Australian Clinical Labs to court over data breach
Privacy & Cybersecurity 2023-11-03 3:14 pm By Cindy Cameronne

The Office of the Australian Information Commissioner has brought civil penalty proceedings accusing pathology services provider Australian Clinical Labs of failing to take steps to prevent a February 2022 data breach that affected millions of patients.

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Liberal powerbroker Marcus Bastiaan sues law firm over $400,000 defamation bill
Business of Law 2023-10-31 4:59 pm By Cindy Cameronne

Marcus Bastiaan has sued solicitors who acted in his settled defamation case against Nine over branch stacking allegations, claiming the legal bill was ā€œgrossly disproportionateā€ and almost double his settlement.

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PwC sued for $32M over Pioneer Credit accounting advice
Financial Services 2023-10-31 11:41 pm By Cat Fredenburgh

Financial services provider Pioneer Credit has taken auditor PwC to court, claiming $32 million in loss and damages over its advice on how the company should value its financial assets.

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Melissa Caddick’s clients file class action against SMSF auditors
Superannuation 2023-10-27 8:57 pm By Cat Fredenburgh

Twenty-four former clients of Melissa Caddick who were defrauded out $24.5 million have filed a class action against the auditors of the self-managed superannuation funds they used to invest their retirement savings with the Sydney fraudster.

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Melbourne’s Block Arcade accused of infringing iconic tea room’s trade marks
Intellectual Property 2023-10-27 9:12 pm By Cindy Cameronne

The owner of Melbourne’s iconic Hopetoun Tea Rooms, which opened its doors in the Block Arcade in 1892, has sued the historic shopping arcade for allegedly mimicking its business by opening a near-identical cafe in the same location.

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Victorian healthcare providers stung with junior doctors class action
Employment 2023-10-23 10:44 pm By Cat Fredenburgh

Two more Victorian healthcare providers have been hit with a class action on behalf of junior doctors alleging they were not paid for unrostered work.

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