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ISignthis can’t keep lid on ‘damaging’ ASX findings
Financial Services 2020-04-30 12:00 pm By Cat Fredenburgh

ISignthis has come up short in its courtroom bid to block publication of the Australian Stock Exchange’s “damaging” reasons for suspending its shares.

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ASIC actions lead to jump in criminal charges, millions in fines
ASIC 2020-04-29 9:27 pm By Christine Caulfield

Investigations by ASIC led to prosecutors laying 279 criminal charges in the last six months of 2019, an increase of 300 percent on the previous six months, the corporate watchdog’s latest report reveals.

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Herbert Smith Freehills lawyer applauded for ‘masterclass’ in advocacy in unfair dismissal case
Employment 2020-04-29 6:05 pm By Alison Eveleigh

The Fair Work Commission has lavished praise on a Herbert Smith Freehills lawyer for his persuasive advocacy skills in representing transport company Greyhound in unfair dismissal proceedings.

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Queensland says state should pay just 1% of flood class action damages
Class Actions 2020-04-29 4:54 pm By Miklos Bolza

The Queensland government is seeking court orders that put dam operators Seqwater and Sunwater on the hook for the vast majority of damages after a class action judgment found negligence in the lead up to the state’s 2011 floods that destroyed 2,000 homes.

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Courts should be flexible on laws in COVID-19 pandemic, says Virgin Australia judge
Restructuring & Insolvency 2020-04-29 3:08 pm By Christine Caulfield

The COVID-19 pandemic and government social distancing restrictions were reasons to be flexible in applying and adapting the law, the judge overseeing the administration of Virgin Australia has said in exempting administrators from liability for unpaid leases and allowing Thursday’s meeting of the airlines’ creditors to be held by teleconference.

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Government loses case claiming $325M over generic Plavix delay
Intellectual Property 2020-04-28 6:05 pm By Miklos Bolza

A court has dismissed a claim by the Australian Government for $325 million against pharmaceutical companies Sanofi and Bristol-Myers Squibb allegedly owed for excess subsidies it paid for blood-thinner Plavix as a result of an interlocutory injunction blocking a generic version of the blockbuster drug.

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Qantas sued for denying sick leave to stood-down workers
COVID-19 2020-04-28 3:33 pm By Miklos Bolza

Qantas breached the Fair Work Act by failing to pay personal carers leave and compassionate leave to employees stood down in response to the coronavirus pandemic, including one battling cancer and another awaiting triple bypass surgery, a court has heard.

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Law firm hits Uber with another class action after court loss
Class Actions 2020-04-28 12:15 pm By Christine Caulfield

A plaintiffs law firm has fired off another class action against Uber after losing a bid to amend the group definition in a class action brought against the ride-sharing giant last year.

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Privacy group urges ACCC to block Google, Fitbit merger
Competition & Consumer Protection 2020-04-28 11:19 am By Cat Fredenburgh

Allowing Google’s planned $3 billion acquisition of fitness device company Fitbit to go through would give the search giant “unprecedented” access to sensitive personal data and would substantially lessen competition in several markets, a privacy rights group has told the Australian Competition and Consumer Commission.

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Profits a big motivator for big four banks in refusing to pass on interest rate cuts, ACCC says
Competition & Consumer Protection 2020-04-27 9:35 pm By Christine Caulfield

The Big Four banks were trying to shore up their profits when they refused to pass on home loan interest rate cuts to consumers in full last year, an interim report of an Australian Competition and Consumer Commission inquiry has found.

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