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IOOF chair told APRA conflicts of interest were ‘a bit of a non-event’
Financial Services 2019-04-30 5:42 pm By Christine Caulfield

The former chairman of troubled IOOF told APRA during a review meeting that he “struggled” to think the wealth manager had any conflicts of interest and that the issue was getting too much “airplay”, according to court documents filed recently by the prudential regulator.

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King & Wood Mallesons lands two dispute resolution hotshots
People In The News 2019-04-26 11:42 pm By Christine Caulfield

International law firm King & Wood Mallesons has nabbed two leading litigators to bolster the ranks of its dispute resolution practice, the firm said Friday.

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Class action seeks emails, board notes from Woolworths execs
Class Actions 2019-04-24 12:49 pm By Cat Fredenburgh

A shareholder class action against Woolworths related to its downward revision of a 2015 profit guidance is seeking emails and other documents from a slew of current and former company executives, including the grocery chain’s former Chairman and CEO, who departed in the wake of disappointing financial results.

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After drawing scrutiny from judge, toxic foam class action funding structure revealed
Product Liability 2019-04-23 10:41 pm By Christine Caulfield

The sought-after commission at the centre of an unsuccessful common fund application in a class action over the use of toxic foam at a RAAF base near Katherine, NT has been revealed as 15% of any gross recovery in the case plus up to three and a half times the funder’s costs.

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Engineering firm acquired by WorleyParsons sued over $132M arbitration award
Arbitration 2019-04-17 3:47 pm By Cat Fredenburgh

The operator of a Vietnamese mine has filed a lawsuit seeking to enforce a $132 million arbitration judgment against  engineering company Jacobs E&C, which was acquired by WorleyParsons in December.

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Common fund bid in toxic foam class action dismissed after applicant bristles at more scrutiny
Class Actions 2019-04-12 11:36 pm By Christine Caulfield

A judge has tossed an application for a common fund order in a class action over the use of toxic foam on a RAAF base near Katherine, NT after a barrister for the lead applicants said the bid would be withdrawn if the judge appointed an independent “contradictor” to scrutinise the proposed funding structure.

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Sandoz, F. Hoffman La-Roche settle patent dispute over biosimilar
Intellectual Property 2019-04-09 10:01 pm By Cat Fredenburgh

F. Hoffman La-Roche has reached a settlement in a patent lawsuit over Sandoz’s plan to market a biosimilar version of its patented biologic used to treat various cancers and rheumatoid arthritis.

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Charges still not finalised in groundbreaking ANZ criminal cartel case
Competition & Consumer Protection 2019-04-09 11:05 am By Miklos Bolza

Charges in the criminal cartel case against ANZ, Citigroup and Deutsche Bank over a $2.5 billion ANZ institutional share placement have yet to be finalised, almost a year after the proceeding was filed.

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Judge ‘uncomfortable’ with common fund order in toxic foam class actions
Class Actions 2019-04-03 5:21 pm By Miklos Bolza

A judge overseeing three toxic foam class actions against the Commonwealth of Australia has said he’s not comfortable approving a common fund order which does not detail specific remuneration amounts for funder IMF Bentham.

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Casual worker class actions put on hold amid WorkPac Full Court appeal
Class Actions 2019-04-01 1:14 pm By Miklos Bolza

Two Adero Law-led class actions against Hays Specialist Recruitment and Stellar Personnel have been put on hold amid a looming Full Court appeal by Workpac which is expected to clarify the definition of casual work in Australia.

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