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ASIC takes Kraken crypto exchange operator to court
Cryptocurrency 2023-09-21 1:29 pm By Christine Caulfield

The corporate regulator has brought proceedings against the Australian arm of Kraken Crypto Exchange, alleging it breached design and distribution obligations for a margin trading product that has lost customers almost $13 million.

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Breast implant class action trial date set over ‘loud protest’
Personal injury 2023-09-21 12:10 pm By Sam Matthews

A class action against a group of surgeons who worked for The Cosmetic Institute over allegedly incompetent breast augmentation procedures has been set down for trial over the “loud protest” of the defendants, with a judge choosing to accommodate the plaintiff’s no win, no fee counsel team. 

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Dan Murphy’s owner’s bid for Mornington Peninsula hotel raises competition concerns
Competition & Consumer Protection 2023-09-21 10:44 pm By Cat Fredenburgh

The competition regulator has again raised concerns about how a planned acquisition by Dan Murphy’s owner Endeavour Group could affect competition in a local market for takeaway liquor. In a statement of issues released Thursday, the Australian Competition and Consumer Commission expressed preliminary worries that Endeavour’s purchase of the Rye Hotel on Victoria’s Mornington Peninsula…

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Record-low GCO rate in Star class action not loss-leading pricing, judge says
Class Actions 2023-09-20 11:33 pm By Christine Caulfield

The winning, 14 per cent contingency fee proposal by Slater & Gordon in a fight to run a class action against Star Entertainment was not driven by a desire to prevail in the contest and buy market share but was the product of a “reasoned decision” that took into account the law firm’s practice as a whole, a judge has found.

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Law firm accused of ‘gazumping’ in fight to run Hyundai, Kia class actions
Class Actions 2023-09-20 3:27 pm By Cindy Cameronne

Class action boutique Bannister Law must bring a formal application to partner with a US-based law firm in proceedings against Hyundai and Kia over allegedly faulty anti-lock braking systems ahead of a fight with Maurice Blackburn to run the cases.

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Judge in Qantas case questions why unions don’t file class actions
Employment 2023-09-20 1:31 pm By Cindy Cameronne

A judge has asked why the union representing Qantas workers did not bring a class action on behalf of 1,700 ground crew who were sacked during the COVID-19 pandemic, as he ordered the airline’s new CEO to attend settlement talks after losing its High Court appeal.

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GM looks to dodge class action costs after settling with lead plaintiff
Automotive 2023-09-20 11:40 pm By Sam Matthews

General Motors could be stuck paying more costs than it bargained for after it settled with the lead plaintiff in a class action over a decision to retire the Holden brand.

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Pelican Point power station owner scores partial win in case over 2017 blackouts
Energy & Natural Resources 2023-09-20 11:17 pm By Cat Fredenburgh

A judge has rejected the energy regulator’s claims that the owner of the Pelican Point power station in Adelaide failed to disclose its complete generator capacity to the energy market operator for months, contributing to rolling blackouts during a 2017 heatwave.

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Cipla sues to invalidate Bristol-Myers’ patents for DVT drug
Intellectual Property 2023-09-20 11:03 pm By Cat Fredenburgh

Indian generic drug maker Cipla has sued pharmaceutical giants Bristol-Myers Squibb and Pfizer alleging the patents behind their blockbuster deep vein thrombosis drug Eliquis are invalid.

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Plastic surgeon Daniel Lanzer faces new suit over alleged botched liposuction
Healthcare 2023-09-20 11:45 pm By Cindy Cameronne

Sydney-based plastic surgeon Daniel Lanzer, who is facing a class action by 1,000 former patients, has been hit with a new lawsuit alleging he performed a negligent liposuction and fat transfer procedure, which left a woman with disfigurement, necrosis and nerve damage.

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