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Ex-BlueScope exec Jason Ellis avoids jail for obstructing ACCC cartel probe
ACCC 2020-12-15 10:29 pm By Christine Caulfield

Former BlueScope general manager of sales and marketing Jason Ellis has been sentenced to a wholly suspended prison term of eight months after pleading guilty to obstructing a price fixing investigation.

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Partner won’t seek to resurrect Rio Tinto claims in Deloitte age discrimination case
Accounting 2020-12-15 2:30 pm By Miklos Bolza

A partner bringing a $3.8 million age discrimination lawsuit against Deloitte Touche Tohmatsu will not seek to replead claims struck out earlier this month that the accounting giant made misrepresentations to Rio Tinto.

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‘We have to get this case moving’: Judge orders indictment be filed in ANZ cartel case
ACCC 2020-12-15 12:43 pm By Cat Fredenburgh

The Federal Court judge who is now overseeing a high stakes criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement has ordered that an indictment be filed by February 1, telling the parties “we have to get this case moving” and that he hoped to move the matter to trial “before we all retire”.

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BHP appeals ruling allowing foreign group members in shareholder class action
Alistair Pound 2020-12-14 4:53 pm By Miklos Bolza

BHP Group Ltd has appealed a ruling allowing foreign group members to be part of a shareholder class action against the mining giant over the Fundao dam failure in Brazil five years ago.

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J&J units seeks discovery for possible lawsuit over chemotherapy drug
Biopharmalex 2020-12-14 4:24 pm By Cat Fredenburgh

Two units of US drug giant Johnson & Johnson have filed a lawsuit seeking preliminary discovery from Juno Pharmaceuticals for a possible patent lawsuit over a popular chemotherapy drug used to treat blood cancer.

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Judge wants to avoid ‘behemoth’ trial in $500M combustible cladding class action
Amelia Smith 2020-12-14 2:38 pm By Spencer Fowler Steen

A judge overseeing two class actions over allegedly flammable combustible cladding used in buildings throughout Australia says he will likely keep the trials separate to avoid a ‘behemoth’ hearing.

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Reckitt’s ‘weak’ case dooms bid to kill Raid Max ads
Addisons 2020-12-14 1:16 pm By Christine Caulfield

A judge has dismissed an attempt by a Reckitt Benckiser unit to block Raid insect spray ads by rival SC Johnson , saying the consumer goods giant had a “weak” prima facie  case based on “excessively literal and strained” interpretations of the ads.

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Crown Resorts hit with class action over money laundering compliance
AUSTRAC 2020-12-14 12:01 pm By Cat Fredenburgh

Maurice Blackburn has hit Crown Resorts with a shareholder class action alleging the casino giant had lax anti-money laundering compliance systems in place over  a six-year period.

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Whistleblower laws don’t apply retrospectively, judge says in ANZ bank trader’s case
ANZ 2020-12-11 5:50 pm By Cat Fredenburgh

A judge has thrown out the portion of a lawsuit brought by an ANZ trader who was sacked in 2015 that was brought under enhanced whistleblower protections that took effect in 2019, saying the civil remedy provisions do not apply retrospectively.

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APRA trims $250M additional capital requirement for Allianz
APRA 2020-12-10 4:28 pm By Cat Fredenburgh

The prudential regulator has reduced a requirement that Allianz Australia hold an extra $250 million in capital by $100 million, noting steps the insurer had taken to improve its risk management. The Australian Prudential Regulation Authority imposed the additional capital requirement on the insurer’s Australian unit in August last year, due to issues raised in…

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