Financial services giant IOOF Holdings will be on the hook for any judgments or settlements reached in two class actions and an ASIC lawsuit as part of its $1.4 billion acquisition of NAB wealth management unit MLC.
The Australian Competition and Consumer Commission has told lawyers it will no longer publicise its investigations into completed mergers, which until now have been listed on the mergers public register.
Fintech firm iSignthis has revealed that it has spent over $1 million in legal costs pursuing its $264 million lawsuit over misleading and deceptive conduct against the Australian Stock Exchange.
The Federal Court has granted a bid by global solar cell manufacturer Hanwha to amend the patent behind its solar technology at the centre of a hotly contested infringement case against three rivals.
German pharmaceutical giant Boehringer has partially succeeded in its opposition to several vaccine patents filed by animal health company Zoetis, used to treat pneumonia in pigs.
A lawyer acting for former AMP employee Julia Szlakowski has accused the company of a lack of transparency and has released the findings of the London barrister hired to investigate her sexual harassment allegations against senior executive Boe Pahari, which confirm Szlakowski’s version of events but conclude only some allegations constituted harassment.
A judge has stopped short of rejecting new claims in the Robodebt class action despite “obvious errors” in the allegations, but has sent the applicants back to the drawing board and warned them the matter would not proceed as a “dog’s breakfast”.
Maurice Blackburn is abandoning its class action against Westpac over the bank’s alleged responsible lending law breaches, weeks after ASIC lost its appeal in the so-called wagyu and shiraz case and conceded defeat.
The Federal Court’s top judge has refused a bid by the lead applicant in a class action against Crown Resorts to have the case declared a priority matter to allow Melbourne-based lawyers access to childcare while they prepare for a six-week trial.
The State of Victoria has been hit with a class action for its allegedly negligent handling of its hotel quarantine program, which is believed to be responsible for the state’s second wave of coronavirus cases.