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Medical device maker Covidien has lost a bid to have the applicant in a product liability class action over allegedly defective pelvic mesh front $300,000 as security for its legal costs in the event it wins the case.
Construction firm Icon Co has won a coverage dispute with its insurers over $31 million in losses stemming from Sydney's ill-fated Opal Tower, whose residents were evacuated after cracks appeared in the tower's walls on Christmas Eve in 2018.
A contradictor appointed in two class actions against 7-Eleven will argue before the Full Federal Court that the court has power both in equity and under the Federal Court of Australia Act to make common fund orders in class actions on settlement or judgment.
A judge has slapped National Australia Bank with a $15 million penalty over its scandal-ridden home loan introducer program but slammed ASIC's investigation into the program, saying there was no "real regulatory desire to pursue a thorough investigation as to what in truth occurred".
The chief judge of the Federal Court has told Chubb Insurance to consider whether it wants to be held responsible for the commercial viability of Evolution Precast Systems, which has been denied coverage over the ill-fated Opal Tower and faces myriad legal claims.
The judge overseeing a class action against Westpac over superannuation fees has criticised costly discovery processes that produce a "tsunami of material", most of which is never used at trial.
A judge has refused an application by the Federal Government to appeal the expansion of the Robodebt class action pleadings despite finding the case was "troubling", "weak" and in certain aspects "[made] no sense whatsoever".
A judge has said further investigation into the financial position of Appco Group is needed before he can sign off on a $1.9M settlement in a $65 million sham contracting class action against the fundraising company, under which litigation funder Harbour would get a 50 per cent cut and group members would recover “diddly-squat”.
Australian Financial Review columnist Joe Aston sent "very nasty" text messages about venture capitalist Elaine Stead, and any in-person mediation ahead of Stead's defamation trial is unlikely to be worthwhile given the animosity between the pair, a court has been told.
ASIC and the applicant in a class action against GetSwift have intervened in an application by the logistics provider to relocate its headquarters to Canada, aiming to ensure shareholders are aware of the potential outcomes of the regulator's enforcement action, which include banning orders against directors Bane Hunter and Joel Macdonald.