Lawyers running a class action against Murray Goulburn want access to evidence that the dairy cooperative’s trust consulted with a QC about possible claims against its law firm, Herbert Smith Freehills.
The Australian Securities and Investments Commission has lodged a case in Federal Court against Rio Tinto, its former CEO and former CFO over allegedly misleading market statements it made about the reserves of a recent $4 billion acquisition, a controversy that has already landed the mining giant in hot water with regulators in the UK and US.
Australia’s consumer regulator has taken Woolworths to court, saying it made deceptive claims to consumers about the biodegradability of its ‘eco’ line of picnic products.
A judge has called for a referee to look at Maurice Blackburn’s fees for running a shareholder class action against QBE Insurance that settled late last year for $133 million.
Pharmaceutical companies AstraZeneca and Generic Health have laid down their swords in a long-running patent dispute over AstraZeneca’s cholesterol drug Crestor, two-and-a-half years after the High Court of Australia found the patent obvious and invalid.
Publicly traded law firm Shine Lawyers has assured investors it can wage a successful defence against a $250 million class action claiming the firm misled shareholders about the value of ongoing business activities.
Reckitt Benckiser has been ordered to pay all of GlaxoSmithKline’s legal bill after a judge found the drug giant misled consumers with claims that Nurofen was a more effective pain killer than its rival’s Panadol.
The Australian Competition and Consumer Commission said it is well positioned to investigate competition in the financial sector, in response to a recent report calling for a dedicated financial services competition regulator.
The class actions against car companies over defective Takata airbags are expected to dramatically grow after the first-of-its-kind mandatory recall announced by the government Wednesday.
Auditing firm Pitcher Partners has filed its defence in a class action accusing it of wrongly signing off on Slater & Gordon’s financial reports, denying responsibility for alleged material misstatements that investors say they relied on to their detriment.