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Cross claims against Deloitte dropped in Dick Smith class actions
Accounting giant Deloitte Touche Tohmatsu will not face cross claims over the collapse of failed retailer Dick Smith when a hearing of three shareholder class actions kicks off in three months.
Struggling tech firm Irexchange accused of misleading shareholders in new suit
Troubled retail technology firm Irexchange is accused of misleading shareholders through three different capital raising offers, according to a new Federal Court case brought by investors who sunk over $4.5 million into the company.
‘We will work on that’: Sexual harassment suit says ex-councillor persisted with advances despite complaint
A local businessman and former local council member behind a dramatic change in Victoria's trading hour laws has been sued for sexual harassment by a former employee who alleges he continued to contact her even after she expressed discomfort with him trying to touch her, allegedly telling her "we will work on that".
Johnson & Johnson loses pelvic mesh class action in landmark ruling
Johnson & Johnson did not adequately warn of the risks of its pelvic mesh implants and is liable to pay damages to thousands of Australian women who suffered severe injuries from the devices, a judge has ruled in a long awaited decision in a class action launched more than seven years ago.
Multiplex wants Hastie liquidators to pay up for betting on set-off limitation
Multiplex is calling for the liquidators of collapsed engineering services group Hastie to pay its costs, and pay now, for pursuing an action to recover millions of dollars in unpaid bills on the grounds that the construction company was not entitled to offset its debts with amounts owing.
$2.5M break fee in Pacific Energy takeover battle not anti-competitive, panel says
The Takeovers Panel has found that while a $2.5 million break fee included in a $470 million takeover offer lobbed during a bidding war for Western Australia power supplier Pacific Energy was not a "common market approach", it was not anti-competitive or coercive.
Two firms running Toyota class action will get only one set of costs, judge says
The two law firms leading a class action against Toyota over allegedly defective filters in the car giant's diesel models will be able to recover the legal costs of only one firm, a judge has said.
Expanded class definition tossed in Ethicon pelvic mesh class action
A Federal Court judge has reversed a prior ruling expanding the class in a lawsuit against Johnson & Johnson unit Ethicon over allegedly defective pelvic mesh implants, saying he had "no confidence" new group members would have sufficient opportunity to opt out before judgment is delivered in a few weeks.
‘Time for commercial reality to bite’: Judge orders class closure in Takata air bags class actions
The judge overseeing seven class actions against some of the world's largest car makers over defective Takata airbags has ordered that class closure take place in advance of mediation, saying it was "time...for commercial reality to bite".
Court may scrap expanded class definition in Ethicon pelvic mesh case as judgment looms
An impending judgment in the long-running class action against Johnson & Johnson unit Ethicon over allegedly defective pelvic mesh implants has sent the parties scrambling about opt out notices and the Federal Court considering reversing prior orders that expanded the group definition.