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Landmark class closure judgments ‘plainly wrong,’ appeals court told
Boral 2022-02-25 10:29 pm By Miklos Bolza Sydney

Judgments shooting down a class closure order and nixing notice of a possible class closure order were “plainly wrong” and “infected” by faulty reasoning, the Full Federal Court has heard.

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Ford class action parties battle over potential appeal blowout
Allens 2022-02-25 3:19 pm By Christine Caulfield Melbourne

An appeal in a class action over Ford’s alleged defective Powershift transmission could blow out by a week, with the applicant filing a cross appeal in a case that comes down to three provisions of the Australian Consumer law given little or no attention by the Full Court.

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Celgene drops patent suit against Dr Reddy’s over Revlimid generic
Bristol-Myers Squibb 2022-02-25 11:15 am By Cat Fredenburgh Melbourne

Bristol-Myers Squibb unit Celgene has dropped a lawsuit accusing Indian generics company Dr Reddy’s Laboraties of threatening to infringe its patent for Revlimid with the planned launch of a generic version of the blockbuster cancer drug in Australia.

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Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
Credit Suisse 2022-02-24 1:45 pm By Christine Caulfield Melbourne

A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.

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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Alan Shearer 2022-02-24 10:22 pm By Sam Matthews Melbourne

Logistics company GetSwift will argue on appeal that a judge who found the company took a “PR-driven approach” to ASX statements was wrong in his assessment of whether those statements contained material omissions.

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High Court won’t save Lex Greensill from tax on $58M in capital gains
Appeals 2022-02-24 2:19 pm By Cat Fredenburgh Melbourne

The High Court has shot down Greensill founder Lex Greensill’s bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.

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Qantas decision to outsource staff not linked to strike action threat, court told
Appeals 2022-02-24 10:22 pm By Miklos Bolza Sydney

A decision by Qantas to outsource its ground staff was not timed to head off industrial action by the Transport Workers’ Union, the Full Federal Court has heard as the airline seeks to overturn a finding that it engaged in adverse action when it terminated around 1,800 employees last year.

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JWS lures tax partners from Deloitte, KPMG Law
Business of Law 2022-02-24 3:36 pm By Bianca Hrovat Sydney

Johnson Winter & Slattery has snagged two tax bigwigs from Deloitte and KPMG Law to meet growing client demand for tax advice from law firms.

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Senator Matt Canavan’s brother can probe claims against Glencore
Arnold Bloch Leibler 2022-02-23 6:16 pm By Miklos Bolza Sydney

The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.

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Funder may walk if 40% group costs order rejected in Arrium class action
Ashurst 2022-02-22 9:33 pm By Miklos Bolza Sydney

A funder that’s helping foot the bill in a class action against Arrium’s former directors and KPMG may withdraw support if the law firm that’s running it is not granted an order awarding it 40 per cent of any award or settlement.

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