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Biogen, Pharmacor lay down swords in battle over MS drug patent
Intellectual Property 2022-10-31 11:01 pm By Cat Fredenburgh

Swiss pharmaceutical company Biogen and Australian generic drug maker Pharmacor have dropped their claims against one another in a lawsuit over the patent for MS drug Tecfidera. In an October 14 order by Federal Court Justice Helen Rofe, Biogen’s infringement claims and Pharmacor’s cross-claims seeking to invalidate the lucrative patent were discontinued by consent without…

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Uber loses fight to protect advice by lawyers sought to ‘avoid being caught’
Class Actions 2022-10-28 1:15 pm By Cindy Cameronne

Uber has lost its challenge to a decision that found many of its email exchanges with lawyers were made in furtherance of offences at the centre of class action claims and were not protected by legal professional privilege.

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Meta wins access to info on ‘Sue Facebook’ tokens bankrolling crypto class action
Class Actions 2022-10-28 11:56 pm By Christine Caulfield

Digital giant Meta can access information on crypto tokens issued to fund a class action over Facebook’s ban on cryptocurrency ads, but the identities of those who have bought the tokens can be kept under wraps.

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Dixon Advisory class action scores partial win in bid for insurance info
Insurance 2022-10-27 11:16 pm By Cindy Cameronne

A class action on behalf of Dixon Advisory clients with claims allegedly worth $463 million has won orders that the collapsed wealth manager disclose its insurance for liability in the proceedings. Its bid for orders that two insurers produce any relevant policies was unsuccessful.

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Facebook flags potential conflict of interest in cryptocurrency ad class action
Cryptocurrency 2022-10-25 2:45 pm By Sam Matthews

Facebook owner Meta wants to uncover the basis on which crypto tokens have been issued to bankroll a class action over its 2018 ban on cryptocurrency ads, citing the potentially conflicted interests of the self-represented lead applicant.

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High Court rejects Worley’s plea to weigh in on disclosure test in shareholder class actions
Class Actions 2022-10-21 11:32 pm By Christine Caulfield

In a boost to shareholder class actions, the High Court has dismissed an application by engineering services firm Worley to appeal a finding that companies should disclose to the market forecasts that ought reasonably to have been held.

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ANZ close to settling class action over ‘junk’ add-on insurance
Class Actions 2022-10-14 4:06 pm By Sam Matthews

Insurer QBE has settled a class action over ANZ’s sale of allegedly worthless add-on insurance, and the applicants are “hopeful” that the bank and two other named insurers will soon reach a deal to resolve the claims against them.

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Judge doubts power to vary Sims class action funding agreement
Securities 2022-10-13 10:19 pm By Sam Matthews

A judge weighing a $29.5 million settlement in a class action against recycling company Sims Limited has questioned the court’s power to vary the funding agreement between the applicant and funder, which seeks to pass on its insurance costs to group members as well as recoup costs and earn a commission.

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High Court ends BHP’s campaign to exclude foreign investors from class action
Class Actions 2022-10-12 11:58 am By Christine Caulfield

BHP Group has lost its High Court battle to keep foreign investors from an Australian shareholder class action over the devastating collapse of a Brazilian dam.

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Class action wants AMP, Clayton Utz emails over controversial fees for no service report
Financial Services 2022-10-12 2:57 pm By Sam Matthews

A class action over AMP’s fees for no service practice wants communications with law firm Clayton Utz that led up to a report that allegedly went through 25 rounds of edits with the wealth manager’s inhouse lawyers before being presented to the corporate regulator as independent.

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