The Australian Securities and Investments Commission has won its bid for a court order placing Melbourne-based forex trader Berndale Capital into receivership for allegedly failing to safeguard client money.
Two units of private equity company Antin Infrastructure Partners have taken their legal battle with Spain to Australian court, filing a lawsuit to enforce a $161 million arbitration award related to investments the companies made in two solar plants in southern Spain.
After losing its fight for a temporary injunction, Sanofi-Aventis has dropped its patent lawsuit against Alphapharm over the generic drug maker’s plans to market a competing insulin injector pen in Australia.
A judge has refused an application by generic drug maker Juno Pharmacueticals to withdraw an admission in a battle with Millennium Pharmaceuticals over its cheap version of breakthrough cancer drug Velcade, denying Juno a potential defence to allegations of patent infringement.
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.
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.
The litigation funder backing a consumer protection class action against mortgage lending and investment firm RMBL Investments will earn a step-up commission of 30% if the case continues into September, according to a proposed common fund order.
After putting to rest a trademark dispute with the Taronga Zoo, the still unopened Sydney Zoo is facing another legal challenge from a competing zoo alleging it is threatening to violate the terms of its development consent.
Accounting firm Pitcher Partners, which is facing two shareholder class actions over auditing work for Slater & Gordon, is considering filing claims of its own against the law firm’s current auditor, Ernst & Young.
An appeals court has revived a class action against a NSW council over loss and damage resulting from a 2009 tip rubbish fire, and awarded the lead applicant over $100,000 in damages.