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Broker can’t take back admission in Provident class action defence
Financial Services 2018-09-21 2:38 pm By Miklos Bolza

A judge has shot down a last minute bid by an insurance brokerage facing a cross claim in a class action over failed debenture issuer Provident Capital to retract an admission in its defence ahead of trial next month.

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Competing Murray Goulburn class actions look set to co-exist
Class Actions 2018-09-21 2:25 pm By Christine Caulfield

The judge presiding over two shareholder class actions against Murray Goulburn indicated Friday he would likely let both cases proceed jointly to a trial in 2020.

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Arrow, Apotex win ACCC approval to create mega generic drug co.
Healthcare 2018-09-20 10:26 pm By Cat Fredenburgh

Generic drug makers Arrow and Apotex have won the ACCC’s blessing for a tie-up that will create the largest generic drug supplier in Australia, with the competition regulator saying the deal will not substantially lessen competition.

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Senator looks to shut down Hanson-Young defamation case
Defamation 2018-09-20 8:19 pm By Miklos Bolza

Senator David Leyonhjelm wants the Federal Court to toss a defamation lawsuit filed by Senator Sarah Hanson-Young, saying the court is barred from hearing the case due to parliamentary privilege

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Union in UAE Exchange suit scolded for ‘throwing case into chaos’
Employment 2018-09-20 7:44 pm By Miklos Bolza

A landmark trial brought by the Financial Sector Union of Australia against UAE Exchange Australia has been vacated after a judge accused the union of “throwing the case into chaos” with a belated expert report.

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Sirtex shareholders fear ‘bare cupboard’ for class action after takeover
Class Actions 2018-09-20 4:32 pm By Christine Caulfield

Shareholders in a class action against Sirtex Medical have lost a bid for an order preventing the life sciences company from quietly moving $128 million in cash assets out of the country after its $1.9 billion takeover by a Chinese private equity company comes into effect Thursday, but the battle over the money will likely continue.

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Melbourne retailer appeals $2.8M fine for violating Microsoft IP
Intellectual Property 2018-09-20 11:19 am By Cat Fredenburgh

A Melbourne retailer is challenging a $2.8 million fine against it for allegedly violating the intellectual property for Microsoft’s Windows 7 software.

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Genome editing patent gets thumbs down by IP Australia
Intellectual Property 2018-09-19 8:58 pm By Cat Fredenburgh

A patent for genome editing technology by a South Korean biotechnology company has been rejected for a lack of clarity, novelty, and inventiveness, but the Australian Patent Office has given the company two months to try again.

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BMW says court can’t make funding order in Takata class actions
Class Actions 2018-09-19 8:40 pm By Miklos Bolza

BMW Australia plans to challenge the NSW Supreme Court’s power to create a common fund order spanning six class actions brought against major players in the automotive industry over defective and dangerous Takata air bags.

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Financial adviser wins challenge to ASIC’s life ban
Financial Services 2018-09-19 7:37 pm By Cat Fredenburgh

The Australian Securities and Investments Commission failed to establish any grounds for permanently banning an ANZ financial adviser from the industry, a tribunal said in setting aside the decision Tuesday. 

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