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$28M settlement in Arnold Bloch Leibler class action to get court’s OK
A judge will approve a $28 million settlement resolving a class action against Arnold Bloch Leibler over advice the law firm gave to Slater & Gordon ahead of a disastrous acquisition. A 28 per cent commission for the case's funder will also get the court's nod.
Banksia class action lawyers make $10.6M settlement offer
Lawyers behind a scheme to defraud members of a class action over the collapse of Banksia Securities have offered $10.6 million to resolve a case that has put them on the hook for at least double that sum.
Bayer tries to revive patent term extension for contraceptive drug
Bayer says the patents office was wrong to quash an extension for its patent covering an oral contraceptive on the grounds that its application should have been based on a drug with an earlier approval date.
Settlement talks in Astora pelvic mesh class action ‘well advanced’
Settlement talks in a class action brought by Shine Lawyers against Astora Women's Health on behalf of women injured by allegedly defective pelvic mesh products are "well advanced", while mediation in two similar actions is ongoing, a court has heard.
CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee charges, a court has heard.
Law firm can’t slug group members with adverse costs bill in bushfire class actions
A law firm that ran two class actions over the St Patrick's Day bushfires has lost a bid to have group members foot the bill for $50,000 in adverse costs, with a judge saying there was "no basis" for the request.
Class action can’t sue over government funding decisions, NT says
The Northern Territory government has hit back at a class action over allegedly underresourced and discriminatory healthcare services in the Indigenous community of Wadeye, saying it cannot be sued over its funding decisions.
Deloitte foreshadows new privilege battle in Hastie class action
Another fight over privilege may be on the cards in a shareholder class action over the collapse of the Hastie Group, with Deloitte flagging its partners may claim privilege over certain parts of the accounting giant's evidence.
Greensill insurer BCC, sacked manager dragged into cases against IAG
Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by the now collapsed Greensill Capital.
Viterra rejected $85M offer to settle Cargill lawsuit over Joe White sale
Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.